Swvl, another ride-hailing company is thinking of entering the Nigerian market

by | Aug 19, 2019

Swvl – the Cairo-based commuter transit service — announced to several news sites in June 2019 that it would be expanding into Lagos, Nigeria with 50 buses.

Despite a recent valuation of $157 million since its aggressive seed rounds over the past year, there has been no move on this.

The transportation startup allows customers to reserve fixed rate rides on buses and vans in their network — presently conducts operations in Cairo, Alexandria, Nairobi, and Lahore.

Swvl

Is Swvl driving into the Nigerian market? Photo @Swvl

Judging from its need for a Country General Manager in Nigeria on the company’s website, Nigeria will be the third African country — after Egypt and Kenya — Swvl will expand into.

Advertisement

This is dependent on whether they follow through with their commitment.

As commuter service companies such as Shuttlers, OTrike, and now OBus  – OPay’s version – begin to take hold in Nigeria, the market get more competitive.

In a statement by Shuttlers’ Co-founder and CEO, Damilola Olokesusi,

“Our ultimate goal is to solve mobility problems created by rapid urbanisation and to make Nigerians happy…the presence of other players will drive customer satisfaction.”

What would this competition mean for the current players in the ride-hailing market?

That would be interesting to see.

Udoka Chiefe
Udoka Chiefe

Writer | Learner| Technologist

Interested in technology, law and new discoveries.

Advertisement


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Kenya’s digital products for PwDs

Kenya’s digital products for PwDs

On #TechpointDigest, Victoria Fakiya (@latoria_ria) discusses what Jumia’s partnership with CGAP could mean, and Kenya’s digital products for people with disabilities.

Reclaiming stolen African artefacts

Reclaiming stolen African artefacts

On #TechpointDigest, Victoria Fakiya (@latoria_ria) discusses how Traction wants to stop fake alerts, Canza Finance’s journey, Esaal’s $1.7m seed round, and JABU’s $15m series A.

[PODCAST] Relooting African art with NFTs

[PODCAST] Relooting African art with NFTs

What do you think about an NFT project that wants to reclaim Africa’s lost artefacts? Well, the editorial team had some interesting thoughts, and you can listen to this and other stories on today’s episode of #TechpointAfricaPodcast.

$2 million to drive learning via WhatsApp 

$2 million to drive learning via WhatsApp 

On #TechpointDigest, we discuss how major players in the African mobility space can change the mobility narrative, FoondaMate’s $2 million funding, Twitter Create, and AMP’s $5.6 million seed round.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap