Bolt has reaffirmed its commitment to the Tanzanian market, citing the significant potential for growth in the ride-hailing industry due to recent regulatory advancements. The company's business in Tanzania has expanded eightfold, bolstered by innovative and cost-efficient services for various organizations.
Kenneth Micah, Bolt's Regional Manager for Eastern Africa, highlighted the company's unique offerings, such as in-app payment options and discounts for riders, early cash-out access for drivers, and flexible earning opportunities. Bolt plans to collaborate with LATRA and other government and private sector stakeholders to ensure the industry's continued growth. Despite the challenges faced in 2022, Bolt achieved significant milestones and remains the preferred mobility option in Tanzania's urban areas. The most popular destinations on the app include Mlimani City Mall in Dar es Salaam, Gran Meliá in Arusha, Rock City Mall in Mwanza, and Royal Village Hotel in Dodoma. Bolt Business in Tanzania has grown significantly, currently serving around 1,000 companies, including top financial institutions, media houses, manufacturing, hospitality, and insurance companies, as well as NGOs. Milu Kipimo, Country Manager for Bolt Business in Tanzania and Tunisia, stated that the platform has facilitated hundreds of thousands of trips for businesses of all sizes across the country. Bolt Business enables companies to control, manage, and pay for work-related trips from a single account, reducing travel costs by up to 25% compared to traditional taxi services. The platform aims to make transportation more accessible and hassle-free for businesses of all sizes. Globally, Bolt has experienced substantial growth, driven by expanding partnerships with existing clients and efforts to acquire new ones. The number of unique users on the Bolt Business platform increased by 400% last year, with the number of orders growing at a similar rate.