Uber and Bolt are considering exiting Kenya in response to a proposed 6% Significant Economic Presence (SEP) tax on non-resident firms. This tax would impact companies that do not have a physical presence in Kenya but derive income from digital transactions within the country. The potential departure of these major ride-hailing services could significantly affect the Kenyan transportation landscape, given their popularity and the reliance of many Kenyans on these platforms for commuting and employment.

The SEP tax is intended to ensure that digital businesses contribute fairly to the local economy, but it raises concerns about the potential impact on investment and service availability in Kenya. If Uber and Bolt were to leave, it could lead to reduced competition, higher prices, and less convenience for consumers, as well as a loss of income for drivers who rely on these platforms.