Bolt, an Estonian ride-hailing company, is committing 100 million euros ($105.5 million) to expand its presence in Kenya. Bolt faces potential disruption in its operations due to the license impasse. The National Transport Safety Authority has laid out renewal conditions, including driver commissions and passenger safety. Bolt reaffirmed its dedication to the Kenyan market and expressed willingness to collaborate with regulators, driver-partners, and the public. With over seven years of experience in Kenya, Bolt aims to maintain compliance with local laws for a sustainable ecosystem.
In recent developments, Bolt plans to broaden its reach across various Kenyan cities and towns, despite ongoing discussions with authorities and drivers regarding license renewal. The company emphasizes its commitment to adhering to regulations and fostering long-term sustainability in its operations. Earlier this year, Bolt announced a $530 million investment in its African operations, demonstrating its commitment to the continent's ride-hailing industry.