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Uber confident about future prospects in Kenya despite increasing competition

Kenyan WallStreetbyKenyan WallStreet
January 11, 2017
in Kenyan News
Reading Time: 1 min read
Uber

Uber, the ride hailing service that has been a game-changing addition to the Kenyan economy is set to see its presence expand in the coming year. The firm has expressed confidence regarding its future prospects in Kenya despite increasing competition from other service providers.

Earlier this year, Uber reduced its charges by 35 per cent in Nairobi as more app-driven cab companies continued their expansion into the Kenyan market. The move later saw rival service providers cut down their prices in what appeared to be a battle for the country’s consumers.

Speaking at a Driver Appreciation Day event held at the Kenya Harlequins grounds, Uber Kenya’s Operations Lead, Kagure Wamunyu said the technology company has had an extremely strong year and that she is optimistic about their future in Kenya.

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“We think we’re part of a pretty exciting change at the moment, and Uber’s technology makes Kenyans’ lives easier and simpler. The way people think about transportation and are moving around their cities is changing, and Uber is a big part of that change. We remain excited about the endless opportunities in Kenya. There is so much potential in this country,” she said.


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