Bus-hailing service Swvl suspends commuter service
Business
By
David Njaaga
| Jun 02, 2022
Egyptian bus-hailing service Swvl has announced plans to shut its intra city rides in the country effective Friday, June 3, citing tough economic times.
The company that ventured into the Kenyan market in July 2019 also suspended Swvl Travel from May 30.
The firm said, in a statement, that it will only continue to operate Swvl Business which caters to corporations, organisations and private entities.
“In light of the global economic downturn, we are pausing our Swvl Daily Intra-city rides in Nairobi next Friday the 3rd of June, 2022, and Swvl Travel on Sunday the 30th of May, 2022,” the firm said.
The company was operating in the country with three different solutions Swvl Daily, tailored for intra-city rides in Nairobi, Swvl Travel tailored for city-to-city rides and Swvl Business tailored for business-to-business rides.
READ MORE
Fuel deal fallout triggers Sh3.2b loss for supplier
Authorities probe deaths of two protesters in Ishiara unrest
Eldoret herder jailed 40 years for killing elderly employer
DRAMA: Tech-Driven performances leave rural schools behind at national drama festival
Ruto assents to Supplementary Appropriations Bill, 2026
Of dramatic arrests, weak cases, delays and quiet withdrawals: The making of revolving petrol saga
Wandayi rejects costly fuel cargo as shortages bite
AK 47: Russia's weapon of terror and killings in Kenya
Constitutional and fiscal lessons from 2024 Finance Bill protests
In 2020 the company had rolled out a service allowing commuters to use the platform for long-distance travel in Kenya.
The new service offered commuters the opportunity to book and pay for their upcountry trips through the Swvl app to over 12 destinations including Naivasha, Nakuru, Molo, Eldoret, Narok, Bomet, and Kericho, Kisii, Kisumu, Nyeri, Nanyuki and Machakos.
Globally, the firm announced plans to lay off its workforce by 32 percent in a number of countries as part of its plan to become profitable by 2023.