Online Marketplaces has potential to create 3 million jobs in Africa by 2025

Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa. This is according to findings of a new report released today by Boston Consulting Group (BCG). Titled ‘’How Online Marketplaces Can Power Employment in Africa’’ the report notes that these digital platforms, which match buyers and providers of goods and services, could also raise incomes and boost inclusive economic growth with minimal disruption to existing businesses and workforce norms. Speaking during the launch of the report, Patrick Dupoux, a senior…

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Ride-hailing platform Taxify rebrands as Bolt

Taxify, the ride-hailing platform rebranded in SA as Bolt, after five years in the local market. Uber rival said on Thursday. “This update brings the brand identity in line with the company’s broader vision of transportation that has already expanded from ride-hailing with cars to motorbikes and scooter-sharing,” it said. CEO Markus Villig said in a statement that when the company was founded five years ago, its first product was a taxi-dispatch solution that gave it its original name. Since then, it has outgrown parts of its brand, he said.…

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Uber introduces an electronic chip in NTSA Kenya safety enforcement push

Taxi-hailing firm Uber has introduced a new safety measure that requires vehicle owners to first acquire an electronic chip windscreen sticker from the National Transport and Safety Authority (NTSA). The sticker allows identification and authentication of car ownership before they are certified to offer its service. Uber in a notice to vehicle owners last week said starting March 1 all vehicles were required to have the NTSA’s Radio Frequency Identification sticker before receiving a go-ahead for further inspection at partner stations AutoXpress or Kingsway Tyres. In the latest safety drive,…

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Uber and lyft race to debut on the stock market

With the SEC up and running again after the government shutdown, the IPO gears are grinding back to life. Uber Technologies and Lyft Inc., both planning highly-anticipated public offerings, could be two of the first unicorns to take the plunge in the public markets this year. It’s not confirmed publicly which rideshare giant plans to go first, but both reportedly have received feedback from the SEC on their IPO proposals. But the significant disparity in their sizes and valuations could influence how both are ultimately received by the market. That could put pressure on the rival…

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Uber is launching its bike-share company Jump in Europe

In the two months since Uber bought bike-share startup Jump, the company’s bright red bikes have already rolled out across a few US cities — and now they’re coming to Europe. Onstage at today’s NOAH Conference in Berlin, Uber CEO Dara Khosrowshahi announced that the company would be expanding beyond its traditional taxi rides with plans to roll out electric bike rentals in the German capital by the end of the summer, with more European cities to come. It’s a move that raises eyebrows for a few reasons. European cities are already flooded with…

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Uber Vehicle Allegedly Saw but Ignored Woman it Struck

The cause of the fatal crash of an Uber self-driving car appears to have been at the software level, specifically a function that determines which objects to ignore and which to attend to, The Information reported. This puts the fault squarely on Uber’s doorstep, though there was never much reason to think it belonged anywhere else. Given the multiplicity of vision systems and backups on board any given autonomous vehicle, it seemed impossible that any one of them failing could have prevented the car’s systems from perceiving Elaine Herzberg, who…

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Uber expands privacy settlement with FTC

Uber is expanding the proposed settlement it made with the Federal Trade Commission last August pertaining to data mishandling, privacy and security complaints that date back to 2014 and 2015. In August, Uber agreed to 20 years of privacy audits. That proposed settlement happened prior to Uber’s disclosure of the massive 2016 data breach that affected some 57 million riders and drivers. Now, Uber will be subject to “additional requirements,” according to the FTC. “After misleading consumers about its privacy and security practices, Uber compounded its misconduct by failing to…

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Uber used undercover agents, court letter says

It is critical evidence in Uber’s legal battle with Waymo, the self-driving car company that accuses the ride-sharing firm of stealing its technology. The letter, sent by lawyers representing a former Uber employee, sparked an internal investigation when it was sent to Uber in May, but has not been made public until now. In a statement, Uber said: “While we haven’t substantiated all the claims in this letter – and, importantly, any related to Waymo – our new leadership has made clear that going forward we will compete honestly and…

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Uber Paid Hackers to Delete Stolen Data on 57 Million People

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers. Compromised data from the October 2016 attack included names, email addresses and phone numbers of 50 million Uber riders around the world, the company told Bloomberg on Tuesday. The personal information…

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Uber confirms SoftBank has agreed to invest billions

The long-anticipated SoftBank Group investment into Uber has been agreed upon, confirms a spokesperson. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this agreement is a strong vote of confidence in Uber’s long-term potential. Upon closing, it will help fuel our investments in technology and our continued expansion at home and abroad, while strengthening our corporate governance.” Uber has not yet elaborated on plans, but we’ve been told that it includes a $1 billion investment in the company at the…

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