How the ride-hailing industry is shaping up in North Africa?

The region of North Africa consists of countries like Morocco, Sudan, Egypt, Libya, Algeria, and Tunisia. In the past few years, this region has witnessed many disruptions in the ride-hailing industry. The biggest disruption perhaps was the Uber and Careem merger which we’ll discuss in detail later.

First, let’s get a glimpse of a few ride-hailing stats of the region.
  • The total amount of revenue for the ride-hailing and taxi segment for the North African region amounts to a total of US$1,114m in the year 2020.
  • This revenue is estimated to exhibit annual growth at a rate (CAGR 2020-2024) of 20.2%. This growth will result in a market volume of a mammoth US$2,326m by the year 2024.
  • The user penetration is also set to hit the 8.3% mark in the year 2024 which is currently at 7.0% in the year 2020.
  • Currently, the average revenue per user (APRU) is US$67.08.
 

READ MORE : How the ride-hailing industry is shaping up in North Africa? 

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