Uber contributed Sh14.1b to Kenya’s economy – report

Start

Ride-hailing app, Uber, contributed an estimated Sh 14.1 billion in revenue to Kenya’s economy in 2023.

According to the company’s Kenya Economic Impact Report released on Tuesday, November 26, not only did the platform boost gig workers’ incomes by Sh2.2 billion annually — 37 per cent more than their next best alternative – but also supported Sh 167 million in additional value for Kenya’s nighttime economy.

The report, commissioned by Uber and conducted by Public First, showed Uber Eats added Sh534 million to the value of restaurants and eateries in 2023. It also showed that the platform created about Sh 2.7 billion in additional value for the Kenyan tourism industry, supporting millions of tourist journeys.

In recent years, mobility and delivery businesses such as Bolt, Little Cab, Yego and Farasi have been establishing a presence in the country.

>>> Bolt commits up to Sh14 billion to improve platform safety

Uber East Africa Head, Imran Manji, said since Uber’s entry into Kenya in 2015 and the subsequent launch of Uber Eats in 2018, the platforms have facilitated mobility and delivery services while creating economic opportunities for drivers, delivery partners, and local businesses.

“Data from the report shows that Uber has a net positive contribution to the Kenyan economy. Our commitment remains to continue to find ways to help Kenyans go anywhere and get anything while creating positive experiences that enable drivers and delivery people to earn sustainably on the platform,” said Manji.

Barometer Correspondent
+ posts
0
    0
    Your Cart
    Your cart is emptyReturn to Shop

    Don't Miss

    Absa empowers 200 business leaders in Western region

    A total of 200 business leaders in Kisumu were hosted on Monday,…

    Absa pumps Sh500m initial seed funding on Foundation 

    Absa Bank has officially launched its Absa Kenya Foundation (AKF) to promote…

    KNCHR chief passes on after a short illness

    The Kenya National Commission on Human Rights (KNCHR) chairperson, Roseline Odede is…

    Family Bank picks Lazarus Muema as new chairman

    Family Bank has named Lazarus Muema, a non-executive director for the last…

    Capwell to help safeguard Kenya’s food security

    Capwell Industries has commissioned initiatives to support rice farmers across the country…

    Discover more from Business Barometer

    Subscribe now to keep reading and get access to the full archive.

    Continue reading