Tag Archives: sharing economy
sharing economy: Latest News
Dana Sanchez, 2:22 pm AFKI Original
Shopping is changing in Africa. Formal retail developers are learning from the failures of malls in developed markets like the U.S., and applying new models to old ideas. African micro enterprises and small businesses will have a greater demand for shared space and flexible office space in the future. New or existing African office developments will need to apply design principles used in innovation labs, incubation centers and flexible work spaces, a stakeholder said.
Dana Sanchez, 1:45 pm
In the process of tapping into the sharing economy, Airbnb tapped into a relatively unfilled niche in Africa — the need for reliable, mid-range accommodation in African cities. Doing so helped Airbnb become the second most valuable U.S. startup in 2016. Valued at $68 billion, Uber is the most valuable startup in the U.S. and across the globe — proof that you can get rich by sharing.
Dana Sanchez, 10:50 am
Visitors get to experience an alternative side of South African cities with Airbnb. The tourism economy is getting spread around more evenly. In Cape Town — Airbnb’s top South African market — 27 percent of visitors said they wouldn’t have come at all or stayed as long if not for Airbnb. Many said they spent more in local shops and restaurants, often following hosts’ recommendations.
Dana Sanchez, 3:00 pm
For $50, you can stay in the 51st floor penthouse of Africa’s tallest apartment building in downtown Johannesburg — dinner included. Or you can stay at an Airbnb-listed accommodation maintained by the Kigali Art Gallery, which teaches art to genocide survivors and impoverished youth. Airbnb says it was designed for micro-entrepreneurs. Like Uber, the tech-based booking platform is not without critics who blast the sharing economy.
Dana Sanchez, 1:43 pm
Uber’s growth in 2015 was astronomical, along with the growing presence of its main competitor, Lyft. In Africa, where cars are for the rich, traditional transportation is catching on to the sharing economy. “Tech is making African transit more Uber-like,” Fortune reported. Thanks to the spread of mobile and mapping technology, informal traditional transport systems can be upgraded.
Dana Sanchez, 3:01 pm AFKI Original
Uber South Africa has hired private security guards to protect drivers from intimidation and xenophobic harassment by the competition — metered taxi drivers. Demand for Uber in South Africa has surged. The Internet ride-sharing company said this week more than 2 million local rides have been booked so far this year — double that of 2014. Uber is a not a transportation company, it’s a technology platform, said Uber South Africa CEO Alon Lits.
- Real Estate