What exactly is going on at Easy Taxi Nigeria? We are hearing it’s shutting down. The details are sketchy and full of unconfirmed hearsay. We have reached out to AIG executives for comment.

Having said that, a number of things point to the fact that I know for a fact that its last CEO has left. It is also clear for everyone to see that the last time the company’s social profiles were updated was in December 2015. Facebook on the 29th, and Twitter on the 31st.

Easy Taxi Nigeria was one of the first of the Rocket Internet horde to launch in Africa in 2013, with Bankole Cardoso at the helm. Bankole quit in January 2015 and was replaced by its newly erstwhile leader, Adaora Asala.

While complete shutdowns of Rocket Internet companies are not strange at the global conglomerate renowned for its operational ruthlessness, the reality is no less jarring for the staff and sectors that are affected when it does happen.

Easy Taxi Nigeria is a subsidiary of Africa Internet Group, in which Rocket Internet is a shareholder, along with MTN, Millicom, and most recently, AXA Insurance. As far as we can tell, the shakeup is contained to Nigeria and hasn’t spread to other Easy Taxi outposts on the continent. Just seven hours ago, the Easy Taxi in Kenya assured a new user via Twitter that they would get a freebie if they keep their eyes peeled.

We will update this story with new information as it comes in.

Read this next
More From TC

Microlending platform FairMoney offers small loans of between N1,500 – N150,000 to Nigerian with maturities of 1-3 months. To determine who is fit to receive a loan or not, an algorithm allows the company evaluate an individual’s creditworthiness using two parameters: financial data and alternative data. With financial data, the algorithm evaluates the ability of […]

VAT and new processing fees, what is really going on in Nigeria?
Business, FinTech, Government, Internet, News, Politics
20th September 2019

The news cycle in Nigeria has been dominated lately by several regulations introduced by varying financial institutions. First, the Federal Inland Revenue Service (FIRS) announced a new 5% Value Added Tax (VAT) on all online transactions from January 2020. Then the federal government unveiled plans to increase the VAT paid on all goods services to […]

Business, Developers, Entrepreneurship, Funding
17th September 2019

Andela, the Africa-focused tech accelerator, is laying off more than 400 employees across three countries as the company changes its business model away from developer training. The company told TechCabal it is laying off 250 junior developers from Nigeria and Uganda and about 170 others in Kenya. CEO Jeremy Johnson said the company will now […]

TechCabal is a Big Cabal Media brand

Copyright © 2019
All rights reserved

Privacy & Terms