Taxi firm Bolt gets Sh5.6bn loan from EIB

It will invest the money in research and development. FILE PHOTO | NMG

Taxi-hailing firm Bolt has secured a Sh5.6 billion loan that will be injected into the firm’s research and development plans, aiming to make its products and services more reliable, safe and sustainable.

Bolt, formely Taxify, will also use the debt facility from the European Investment Bank (EIB) to launch more products in the market that include personalised mobility services like food delivery.

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