TechCabal
The real lesson of Uber’s departure from Nigeria
Uber's exit from Nigeria is less about market competition and more about local infrastructure and the future of African tech.
Via TechCabal
·Excerpt
On September 2, Uber shut down its Nigerian business after 12 years and left the same day. No notice to drivers, no goodbye to riders. It was the fourth African market Uber left in under a year.
The easy way to read this is as a market-share story: Uber’s gone, so Bolt and inDrive split the spoils of a market worth around $450 million with more than 200,000 drivers. That read isn’t wrong. It’s just shallow.
Uber didn’t lose Nigeria…
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