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Uber Exits Nigeria and Uganda in Global Capital Realignment

Uber ended operations in Nigeria and Uganda effective September 2, 2026.

The decision reallocates corporate capital toward higher-yield, higher-volume global markets.

Severe local currency devaluation and high inflation severely diluted dollar-denominated revenues.

In-app customer support remains available until September 23, 2026, for user account resolutions.

Uber Exits Nigeria and Uganda in Global Capital Realignment

Uber ended operations in Nigeria and Uganda effective September 2, 2026.

The decision reallocates corporate capital toward higher-yield, higher-volume global markets.

Severe local currency devaluation and high inflation severely diluted dollar-denominated revenues.

In-app customer support remains available until September 23, 2026, for user account resolutions.

  • World

UK Pledges Additional £50M to Contain Congo Ebola Outbreak

  • Finance

Senegal, IMF Strike $2.2 Billion Agreement as Debt Reaches 132% of GDP

  • Business

What’s the Private Sector’s New Play in Africa Infrastructure?

  • Business

Nigeria’s Private Sector Growth Hits 29-Month High in August

  • Business

Kenya Aviation Workers Call Off Strike Following Widespread Flight Disruptions

  • Economy

Uganda Inflation Hits 4.1% in August as Consumer Prices Rise for Fifth Month

photo of production ongoing
  • Business

South Africa Private Sector Credit Growth Cools to 7.41% in July

  • Energy

Asia Diesel Exports to Africa Hit 4.5-Year High Amid Middle East Outages

Commentary

Building Africa’s Business Community

28 July 2026

Beyond the Red Carpet: The UK State Visit is an Investment in Nigeria’s Future

24 March 2026

South Africa to scrap its prime lending rate with central bank policy rate

18 February 2026

Nigeria Industrial Giant BUA Partners Abu Dhabi’s AD Ports to Revolutionize West African Logistics

17 February 2026

Nigerian Breweries Swings Back to Profitability in 2025 After 2 years losing streak

13 February 2026

AU Summit: Nigeria Secures Permanent Seat on African Central Bank Board

13 February 2026
ThinkBusiness Africa TV
Economy
  • Economy

Zambia Inflation Hits New Eight-Year Low at 6.2% as Kwacha Gains

  • Economy

Exchange Rate Stability: Zimbabwe’s Annual Inflation Cools to 2.9% in August

  • Economy

Why Nigeria Cannot Afford to Go Back on the Fuel Subsidy Regime – Ogho Okiti

Photo of South Africa Urban City
  • Economy

South Africa Leading Economic Index Drops 1.4% as Export Commodity Prices Slump

  • Business

Why Nigeria’s Water Problem Is Also a Market Design Problem

  • Agriculture

Water Is the Missing Link in Nigeria’s Growth Ambition

photo of Aliko Dangote
  • Business

Dangote Offers 30% Stake to East Africa in Planned $17 Billion Kenya Refinery Project

barrels of oil
  • Economy

Nigeria’s Oil Output to Surge in H2 Bolstering Fiscal Recovery, NESG Projects

Business
  • Business

Nigeria’s Cement Prices Draw Scrutiny as African Peers Sell Cheaper

Image of ShopRite store
  • Business

Shoprite Full-Year Sales Hit $16.7 billion as Headline Earnings Surge

Image of bags of Onions
  • Business

West Africa’s Food Corridor Fractures as Nigeria Halts Onion Exports to Ghana Over Trade Row

MTN TOWER
  • Business

MTN Leads Top 10 Brands in South Africa as National Corporate Equity Hits $43.8 Billion

Lagos urban area
  • Business

Nigeria Business Sentiment Holds Firm Despite Severe Triple-Headwind Pressure

  • Business

Nigeria’s Business Activity Rebounds to 108.6 Points in July as Demand Accelerates

  • Business

Dangote Signs $800M Deal with China’s Sinoma to Double West Africa’s Largest Cement Plant Capacity

An Airplane
  • Business

African Airlines Lead Global Passenger Traffic Growth in June 2026

Book Review
  • Book Review

Lagos: Supernatural City – Tales of Survival, Spirituality, and the Struggle for Power in Africa’s Biggest Metropolis

  • Book Review

The Oil Curse: How Petroleum Wealth Shapes the Development of Nations

  • Book Review

Reforming the Unreformable – Lessons from Nigeria

  • Book Review

Why Growth Matters – How Economic Growth in India reduced poverty and the lessons for other developing countries

  • Book Review

Cobalt Red – How the blood of the Congo Powers Our Lives

  • Book Review

Rule Breaker: Rebellious Leadership for the Future of Work

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