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FX RATES

Bolt to launch food delivery service to compete with GoKada and Jumia food

Bolt, an Estonian ride-hailing company is expanding its offerings in Nigeria to include food delivery. This was made known as a job ad on the company’s website

“We are launching our new food delivery service and we are looking for a Restaurant Sales Manager who can help in establishing partnerships with local businesses.”

Earlier this week, IFC, a member of the World Bank Group announced that it is investing €20 million in Bolt to help expand its access to mobility and delivery services in underserved urban areas in Africa and Eastern Europe—including in South Africa, Nigeria, and Ukraine. This will create earning opportunities and improve access to safer and more accessible transportation in emerging economies.

Since the pandemic, many businesses added food delivery to their model. In Nigeria, the food delivery market attracted a lot of attention during the lockdown with companies like Jumia introducing Jumia foods and Gokada switching to food delivery since the okada ban in Lagos, Nigeria. Jumia records that food orders grew 30% month-on-month.

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