Search Results for: taxi

Venture Vaya Africa, launches an electric taxi service

Dianne Jacobs
Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent.

Venture Vaya Africa, launches an electric taxi service Vaya Africa, a ride-hail mobility venture founded by Zimbabwean mogul Strive Masiyiwa, has launched an electric taxi service and charging network in Zimbabwe with plans to expand across the continent. Vaya Africa, a company registered in Mauritius, responsible for the transport of people and goods in Africa and the generation of adjacent revenues in this sector, launched a new product on the Zimbabwean market. It is the electric vehicle called “Vaya Electric”. The South African headquarters of Vaya Africa has acquired a…

Negotiated fares taxi hailing app inDriver, targets more African cities

Negotiated fares taxi hailing app inDriver, targets more African cities

Online ride hailing service, inDriver, which allows passengers to negotiate the fare with drivers, has begun recruiting drivers in Harare for the service, which it intends to launch in the capital towards the end of this month. inDriver, which is headquartered in New York, has 26 million users in more than 200 cities throughout the world. The service is already operating in South Africa, Kenya, Tanzania and Uganda. The inDriver app is used by passengers and drivers to be linked up and negotiate fares. The app can also be used…

Ride-hailing platform Taxify rebrands as Bolt

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Bolt Food

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.…

Uber and Little Cab’s duel for Nairobi’s Taxi Market

Uber Africa launches Uber Cash in partnership with Flutterwave

Uber is in the middle of a bruising battle for dominance in east Africa’s largest economy: Kenya. The ride-hailing company started operating in the cities of Nairobi, Mombasa, Kisumu and Thika last year. It has already outlasted the online cab operator Easy Taxi, which opted out of the Kenyan market in May this year following a decision by one of its backers, Goldman Sachs, to direct all its investments towards the more profitable Uber. However, Uber now has a new domestic rival: Safaricom. It’s one of Kenya’s largest companies, 40%…

IMF Delays $238 Million Loan for Kenya

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IMF

IMF Delays $238 Million Loan for Kenya  Kenya may need to find alternative sources to finance its current budget due to a delay by IMF [International Monetary Fund] in issuing it a 28 billion shilling loan ($238 million). Kenya included loan funds in the current fiscal year’s budget. Delay may see the nation seeking alternative budget financing. The funding is part of a $2.34 billion extended credit facility and extended fund facility that was agreed to by the IMF more than a year ago for budget support. The loan needs board approval…

Future Jobs to look out for in the coming years.

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Future Jobs to look out for in the coming years. Technology is day by day becoming the way of life for each and every one of us. This is going to affect jobs in the near future. We cannot simply dare to escape its existence, growth, and interruption in our lives are bound to increase. This applies to our sources of income, and our daily jobs which have been fully revolutionized by technology. Most jobs that were manually done by hand have been replaced by machines reducing the manpower required.…

Bolt ventures into food delivery business

Dianne Jacobs
Bolt Food

Bolt ventures into the food delivery business Bolt, a Taxi-hailing service is venturing into the food delivery business in Kenya targeting alternative revenue streams as the market has seen reduced mobility in the wake of Covid-19 restrictions. Bolt advertised the position of Country Manager for its food delivery arm in Kenya signaling the beginning of operations towards the end of the year. “We’re already present in 30+ markets across Europe and Africa. Now, it’s time for us to bring the know-how around building a mobility platform to the food delivery…

Little shuttle suspends their shuttle service indefinitely

Dianne Jacobs
Little shuttle

Little, the ride hailing service in Kenya has today announced that they are suspending their Shuttle service again for an indefinite period. “We deeply regret to announce that the Little Shuttle service has been temporarily suspended effective immediately,” they said in the communique. “We apologize profusely for the inconvenience but the service will be back with a bang very soon.” They did not state the reason why they were suspending the service or give a definite timeline of when the service is yet to be back. Little Shuttle has not had…

New tax on Digital Markets under new law

Dianne Jacobs
Tax

Kenya will start levying new tax on digital markets under a new law signed by the President early in November. The Finance Act seeks to broaden the Income Tax Act net to include income accruing through a digital market place. The law defines the digital marketplace as “a platform that enables direct interactions between buyers and sellers of goods and services through electronic means.” In addition, a similar change has been made to the VAT Act making digital market services subject to value-added tax. It’s not clear yet who will be affected or how the…

UTU Technologies raised $500k bridge funding

Dianne Jacobs
UTU Technologies innovation

UTU Technologies, a Kenyan Block chain & AI startup building on the Aeternity block chain, has raised $500, 000 bridge funding. UTU Technologies was among the companies that graduated from the Aeternity Ventures StarFleet Accelerator program that saw the company initial funding. According to Jason Eisen, CEO, UTU, the total funding raised now is $1.3 million. UTU Technologies is the company behind the ride-hailing app, Maramoja. The app uses a Trust Engine to recommend ‘a social favorite driver’ or rides as opposed to existing apps like Uber and Taxify. Speaking to…