Bolt has said to invest sh66.9 billion in Kenya and the rest of Africa in efforts to expand their mobility services.
The service expansion will in turn create about 300,000 jobs for drivers over the next two years.
Bolt operates in seven countries in Africa including South Africa, Kenya, Ghana, Nigeria, Uganda, Tanzania and Tunisia, with over 47 million customers and 900,000 drivers.
Bolt has also announced that it has surpassed 1 billion rides in Africa in just seven years and expects the number of drivers on the platform to hit over 1 million in the next six months.
“Over the past seven years, we have built a strong team of 500 people in Africa, and we remain committed to investing in local communities for the long-term,” the start-up Founder and CEO Markus Villig said.
“At a time when many countries are facing economic challenges, we will continue to grow our presence in Africa through this new investment which offers massive potential to create new jobs and income opportunities for drivers and couriers.”
Also Read: Kenya Airways Passenger Arrested in India with Heroin
The Founder, who is on tour in Africa, also said that Bolt Business, Bolt’s corporate travel arm has also been introduced in Nigeria, South Africa, Ghana, Tanzania and Kenya, offering local businesses safe and affordable ways for their employees to travel.
Villig will also meet up with senior government stakeholders including the Kenyan Prime Cabinet Secretary, the Cabinet Secretary for Trade, Investment, and Industry, the Cabinet Secretary for ICT, the Cabinet Secretary for Transport, and the Governor of Nairobi County.
Others include South African Deputy Minister of Trade, Industry, and Competition, the Executive Mayor of Cape Town, and the Gauteng MEC for Economic Development.