According to a report by The Star KenyaThe ride-hailing company said it had begun talks with drivers and regulators after it became clear that the licensing impasse could result in suspension of operations by the end of the month, according to a Kenyan newspaper.
The National Transportation Safety Board announced it would restart Bolt's operations in Kenya for a variety of reasons, including driver commissions and passenger safety.
However, as part of the company's commitment to the Kenyan market, the company plans to expand into more Kenyan cities and towns.
“In response to ongoing conversations regarding our license renewal, Bolt would like to reaffirm our commitment to the Kenyan market.” Bolt pointed out.
“As part of our ongoing annual license renewal process, we continue to work closely with regulators to achieve a fruitful outcome.” the company added.
The ride-hailing company also disclosed that over the seven years since it entered the Kenyan market, it has actively sought advice from both the government and its driver partners to ensure it stays within government regulations. The Estonian company said it currently has a valid license and is fully operational.
Bolt said compliance with Kenyan laws and regulations remains paramount as it is the basis for building a long-term sustainable company that benefits all ecosystem stakeholders.
The company said it stands ready to work with regulators, driver-partners and the general public to continue to strictly comply with regulations and increase revenue on its platform.
Last year, taxi-hailing companies that met the licensing conditions were granted transportation network company licenses.
