Tag Archives: Uber
Uber: Latest News
Tom Jackson, 10:08 am AFKI Original
It was not so long ago that Uber was riding the crest of a wave in Africa, seeing off initial competition from the likes of Snappcab and Zapacab in South Africa, as well as well-funded pan-African competitor Easy Taxi. Yet Uber can now see that the playing field is getting more congested, and its new rivals have more backing than the local clones it had to deal with when it first arrived on African shores.
Peter Pedroncelli, 7:50 am
Taxi-hailing startup Uber has appointed a new West Africa general manager, with Nigerian-Canadian Lola Kassim now heading up operations in the region. The announcement sees the former management consultant at McKinsey and Company take on the West African leadership role at the California-based firm. Uber currently operate in 15 cities across eight African countries, including Kumasi, Accra, Abuja and Lagos.
Peter Pedroncelli, 5:13 am
Uber is committing itself to the Egyptian market despite economic difficulties in the country, announcing a new support center in the capital that will see an investment of $5 million. The taxi-hailing startup has launched a support center in Cairo, with $5 million set to be spent on the project over the next five years, creating employment for 700 Egyptians as a result. Uber had two million users and provided jobs for 60,000 drivers in Egypt last year.
Staff, 2:40 am
Uber is committed to Egypt despite challenges presented by sweeping economic reforms and record inflation, the company said as it announced $20 million of investment in its new center in Cairo. The Egyptian pound has lost half its value and fuel prices have jumped by up to 50 percent since the North African country floated the currency in November as part of reforms demanded by the IMF in exchange for a $12 billion loan aimed at reviving the economy. Egypt has been luring back foreign investors.
Peter Pedroncelli, 4:33 am
A Kenyan taxi-hailing app called Little Cab is set to take on the Nigerian market from October, moving on to turf currently dominated by more established players in Uber and Taxify. Kenyan tech firm Craft Silicon’s on-demand ride service, which is backed by leading East African mobile operator Safaricom, will launch operations in the Nigerian city of Lagos from October 8.
Kurt Davis Jr., 5:25 am AFKI Original
There are currently 300 tech hubs in 93 cities across 42 countries on the African continent. The growing number of tech hubs and developers is drawing significant investment, with more than $366 million invested in startups across Africa in 2016. Despite these positive numbers, a few tweaks could help in boosting the African tech scene and increasing the likelihood of success for African startups.
Staff, 9:36 am
One of Silicon Valley’s top black female executives, Bozoma Saint John, has left tech giant Apple to join ride-hailing service Uber. Saint John, who was born in Ghana before moving to the U.S. when she was a teenager, was a marketing executive at Apple and has now taken on the role of Uber’s new Chief Brand Officer, the company announced on Twitter. Her appointment comes at a time when Uber has been criticized for its management practices and company culture, TechCrunch reports.
Global Risk Insights, 6:33 pm
Proponents of the sharing economy say Uber and Airbnb benefit Africa, but who exactly is benefiting? They’re inserting themselves into existing informal sharing dynamics, acting as corporate middlemen and disrupting existing livelihoods. Underdeveloped formal sectors and high unemployment in Africa created the sharing economy out of necessity. Uber and Airbnb are taking a share of the profits.
Tom Jackson, 8:48 am AFKI Original
Uber says there’s enough room in Africa for all types of taxi and ride-hailing services. The US-based tech company headed off early competition on the continent, but new competitiors are rising. Uber hypes up the competition, saying it means more choices that are affordable, reliable, and produce jobs. One new Uber competitior, Africa Ride, offers drivers a share in the business, saying it empowers them more than Uber does. “Drivers will want to log in on the app which they own and have control over,” said Africa Ride founder Thabo Mashale.
The Conversation, 9:16 am
Disruptive competition through technology can benefit consumers, but it also raises socioeconomic issues. Africa is no exception. There are concerns that Uber, with its first-mover advantage in the ride-sharing market, is growing into a monopoly despite the benefits to consumers. Traditional metered taxis are seeing red. In South Africa, new entrants into the ride-sharing app market have made little progress. The picture is very different in Kenya. Safaricom appears to have overcome the seemingly insurmountable first-mover position enjoyed by Uber.
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