• Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
Federal Character
No Result
View All Result
Federal Character
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance
Uber CEO Meets Jordan's Crown Prince Weeks After Nigeria Exit

Uber CEO Meets Jordan’s Crown Prince Weeks After Nigeria Exit

Somto NwanoluebySomto Nwanolue
20 minutes ago
in Business & Finance
Reading Time: 3 mins read
A A
0
Facebook ShareWhatsapp ShareX Share

Uber CEO Dara Khosrowshahi met with Jordan’s Crown Prince Al Hussein bin Abdullah II to discuss expanding the company’s services in the kingdom, less than three weeks after Uber shut down operations in Nigeria and Uganda.

The meeting took place on September 21 on the sidelines of the 81st United Nations General Assembly in New York. Discussions covered potential cooperation in tourism services, coordination with Jordan’s “Jordan Source” initiative, and the expansion of Uber’s services in the country.

 

Table of Contents

Toggle
  • The Jordan Opportunity
  • The African Exits
  • The Global Reorganization
  • The Bottom Line
  • My Opinion

The Jordan Opportunity

Uber has operated in Jordan for years, including through its Uber Taxi service, which it launched in 2019 by connecting the company’s technology with licensed local taxi drivers. The launch made Jordan the first market in the Middle East where Uber introduced the product.

Uber CEO Meets Jordan's Crown Prince Weeks After Nigeria Exit

The latest talks indicate that Jordan remains a market where Uber sees opportunities to expand its mobility offering, even as the company has pulled out of some African markets.

The African Exits

Uber announced on September 2 that it would cease operations in Nigeria after 12 years, while also ending its operations in Uganda. The company said the Nigeria decision followed a review of its business but did not provide a specific reason for the withdrawal.

The exits came as ride-hailing platforms faced higher operating costs in parts of Africa, including rising fuel, vehicle-maintenance, and other business expenses.

The Global Reorganization

Khosrowshahi’s meeting in Jordan also comes as Uber reorganizes globally. On September 2, the CEO announced organizational changes that included reducing Uber’s workforce by about 10% and concentrating investment on what the company described as its biggest opportunities.

Despite those changes, Uber reported strong international performance in the second quarter of 2026, with gross bookings exceeding $58 billion and international growth remaining strong.

The Bottom Line

Uber CEO Dara Khosrowshahi met with Jordan’s Crown Prince to discuss expanding the company’s services in the kingdom. The meeting came less than three weeks after Uber exited Nigeria and Uganda. Jordan remains a key market where Uber already operates its Uber Taxi service. The talks highlight a contrasting direction for Uber: withdrawing from some African markets while deepening its footprint in the Middle East.

My Opinion

Uber is retreating from Africa’s hardest markets and doubling down where the math works better. Nigeria and Uganda were expensive to operate. Fuel costs were rising. The regulatory environment was unpredictable. The margins were thin. Jordan, by contrast, has an established taxi network, a government eager to partner, and a Crown Prince willing to take a meeting at the UN General Assembly.

This is not a moral failure. It is a business decision. Uber is a publicly traded company. It answers to shareholders, not to the Nigerian drivers who depended on it for income. If the economics do not work, the company leaves. That is how markets function.

But it is worth asking what Uber’s exit says about the broader investment climate. When a global giant like Uber decides that Nigeria is not worth the cost of doing business, it sends a signal. Other companies notice. The ride-hailing market in Nigeria will survive. Bolt and InDrive are still there. Local alternatives will fill the gap. But the drivers who lost their livelihoods are not thinking about market signals. They are thinking about their next paycheck.

Uber met a Crown Prince in New York three weeks after it left Nigerian drivers behind. That contrast is not lost on anyone paying attention.

Tags: BusinessCrown Princefederal characterForeign NewsJordanNewsNigeria ExitUber CEO
Share234SendTweet146
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

Related Stories

​US Bond Yields Surge to 22-Year Highs

​US Bond Yields Surge to 22-Year Highs

byEriki Joan Ugunushe
0

​Financial markets faced renewed pressure Thursday morning as US bond yields surged to 22-year highs, driven by rising crude oil costs and ongoing inflation worries across global debt...

Trump Discloses 1,100 July Trades, Including Microsoft, Amazon Sales

Trump Discloses 1,100 July Trades, Including Microsoft, Amazon Sales

bySomto Nwanolue
0

President Donald Trump disclosed more than 1,100 securities transactions made on his behalf in July, including sales of as much as $25 million each of Microsoft and Amazon...

​Why the Trump-Xi Meeting Will Change Nothing on Trade

​Why the Trump-Xi Meeting Will Change Nothing on Trade

byEriki Joan Ugunushe
0

​As global leaders prepare for high-level talks at the White House, analysts increasingly agree that the upcoming Trump-Xi meeting will change nothing on trade. Chinese President Xi Jinping...

Trump Administration Considers Diesel Export Ban Amid Record Fuel Prices

Trump Administration Considers Diesel Export Ban Amid Record Fuel Prices

byAyobami Owolabi
0

The Trump administration is considering whether restricting diesel exports could help bring down record-high prices for the fuel in the United States, Treasury Secretary Scott Bessent said on...

Next Post
Harborplace Developer Blasts Lawsuit as 'Nostalgia for a Few'

Harborplace Developer Blasts Lawsuit as 'Nostalgia for a Few'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Federal Character

We bring to you precise and factual news.
Towson, Baltimore, Maryland, USA

Recent Posts

  • US Announces Visa Restrictions Targeting Birth Tourism Networks
  • Harborplace Developer Blasts Lawsuit as ‘Nostalgia for a Few’
  • Uber CEO Meets Jordan’s Crown Prince Weeks After Nigeria Exit

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Sports
  • Tech

Weekly Newsletter

  • Home
  • About Federal Character
  • Advertise With Us
  • Cookie Policy
  • Sitemap

Copyright © FederalCharacter.com 2026 .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Government
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Health
  • About Federal Character
  • Advertise With Us

Copyright © FederalCharacter.com 2026 .