Days after announcing a $530 million investment in Africa, ride-hailing company Bolt has laid off 24% of its Nigerian staff. About 17 of its 70 employees lost their jobs in what the company describes as a restructuring process.
Multinational ride-hailing company Bolt is doubling down on its Africa operations. Yesterday, the company announced its intentions to invest €500 million ($530 million) in Africa over the next two years.