• Home
  • Business
  • Uber is planning to introduce Boat Taxi in Lagos
Image

Uber is planning to introduce Boat Taxi in Lagos

Global ride-hailing firm Uber Technologies Inc, revealed that it is planning to introduce its boat taxi into two West African countries, in view to make available a boat service in Nigerian Megacity Lagos, a company executive said recently.

The company started offering boat rides in Mumbai, India, earlier this year.

According to Brooks Entwistle, Uber’s chief business officer, said this during an interview with Reuters in Lagos. In much of sub-Saharan Africa there are low levels of personal car ownership, rapidly expanding populations and a lack of efficient mass transport systems in fast-growing cities. Uber, which said it has 36,000 active drivers in sub-Saharan Africa, operates in a number of countries in East and South Africa but is largely absent from West Africa, aside from Nigeria and Ghana.

The firm has identified the region as a target for potential expansion, Entwistle told Reuters. He said the company was in talks with regulators in Ivory Coast and Senegal regarding the possible launch of services.

“Both Abidjan and Dakar are logical opportunities for us,” said Entwistle, adding that discussions were at an early stage. He did not disclose further details.

Entwistle added further that, “We have talked about West Africa today as being a big growth priority for us and launch priority for us moving forward”.

Ivory Coast and Senegal have two of the world’s fastest growing economies, according to the International Monetary Fund. Nigeria, Africa’s largest economy, is also the continent’s most populous nation.

A number of motorcycle ride-hailing firms have also targeted West Africa as an area for expansion in the last few months.

Lagos, a megacity of around 20 million inhabitants built on a lagoon where Uber began operating in July 2014, is beset by heavy congestion.

He explained further, the company was in talks with state regulators about providing a transport system on the city’s waterways as a way of bypassing its choked roads.

“We are looking at the waterways here, which are very interesting to us as it relates to a potential service”.

“We did launch Uber Boat in Mumbai and we have watched the product develop. It’s in its early stages and we think there is high relevance here,” he said, referring to Lagos.

The Uber executive, who described Lagos as “one of the great growth opportunity cities in the world”, said the company has also held discussions with a bus firm and regulators in the city.

He said the talks were in line with a global push by the company to develop products that can work alongside public transit systems.

Entwistle, said the combination of population growth and congestion made Lagos, and other cities in the region, attractive.

The United Nations predicts that Nigeria’s population will more than double to 400 million by 2050, which would make it the third most populous country in the world after China and India.

Uber faces stiff competition in African cities from Estonian ride-hailing firm Bolt, which until early 2019 was called Taxify. Bolt has grabbed business largely by taking a smaller cut from drivers using its app.

Related Posts

OmniBSIC Bank Ghana Partners with GACL and EPA to Promote ESG Practices

 OmniBSIC Bank Ghana continues to demonstrate its commitment to sustainable Environmental, Social, and Governance (ESG) practices by partnering…

Mponua Rural Bank Achieves Record Profit of GH¢5.4 Million in 2023

Mponua Rural Bank has reported a remarkable profit of GH¢5.4 million for the 2023 financial year, representing a…

GCB Bank Partners with Visa to Launch Exclusive Premium Cards

GCB Bank Plc, Ghana’s largest commercial bank, has announced a strategic partnership with Visa, a global leader in…

Ghana’s LPG Consumption Rises by 4% in 2023 Amid Economic Rebound

 Despite significant challenges in 2022, Ghana’s Liquefied Petroleum Gas (LPG) consumption increased by 4% in 2023, according to…

Leave a Reply

Your email address will not be published. Required fields are marked *