Uber Egypt achieves 80 per cent recovery rate
Uber Egypt has achieved a recovery rate of 80 per cent, Uber Egypt’s general manager Ahmed Khalil announced at RiseUp Summit 2020, adding that the company looks to fully recover next year.
Shortly after Covid-19 began spreading across the world, the company shut down its food delivery business Uber Eats in several markets, including Egypt, in an attempt to preserve costs and avoid more losses, especially after the company’s ride-hailing services were dramatically affected by the subsequent lockdown.
“In Egypt, we had to shut down one of our two businesses, which came as part of a global push to focus our resources in our top markets,” said Khalil.