US-based ride-hailing company, Uber, has suspended its services in Tanzania after six years in the country.
Uber suspends operations in Tanzania
FILE - In this Nov. 15, 2019, file photo is an Uber office in Secaucus, N.J. Uber continued to lose cash as it poured money into building its food delivery business and develo
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Operations will resume after arriving at an agreement with the Tanzanian authorities, the company announced in a statement on Thursday.
“Current regulations in the transportation sector have created an environment that is not friendly and has been a challenge in our business,” the firm said.
It is however not clear what the exact conditions are.
“This is a difficult time for all of us, but this does not mean that it is the end of everything. We are ready to co-operate with the relevant authorities and reach an agreement that will create a stable environment for our business,” the statement says.
Uber has been providing transportation services in Tanzania through UberX, UberX Saver and UberXL services.