New online matatu gets Sh1.5bn funding for Nairobi

A new online-hailing matatu operator, SWVL, has secured Sh1.5 billion funding to finance an aggressive route expansion plan in Nairobi.

The start-up, which was founded by Egyptian operators and is already operational on multiple Nairobi routes, has set a target to grow its network to 500 routes served by 1,000 buses.

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