Swvl To Scale Kenyan Operations After U.S Stock Exchange Listing

 

By Kepha Muiruri For Citizen Digita

Egypt-based digital mobility company Swvl is set to scale its Kenyan operations after listing on New York’s NASDAQ stock exchange.

The public listing of the technology firm is expected to grant Swvl further investment avenues, allowing for the scalability of operations.

For its Kenyan operations, the company is set to expand its travel offering and routes.

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Presently, Swvl plies over 10 routes including Nakuru, Mombasa, Kisii, Kisumu, Eldoret, Meru, Nyeri and Kakamega.

The company says it has completed 25,000 rides in the Kenyan market, serving 50,000 persons in the process.

The company says it has employed over 100 people directly and works with over 500 bus owners who have partnered with the firm.

Subsequent to the listing, Swvl has appointed three new general managers to oversee different business arms including Caroline Mutuku, Sanaz Abaie and Samar Patel.

Besides Kenya, Swvl has operations in Egypt and Pakistan.