Tag: Uber

South Africa Revamps Ride-Hailing Regulations: Minister to Set Prices, Platforms Lose Control

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Logis-T Africa –  A significant shift is coming to South Africa’s ride-hailing industry as the amended National Transport Act grants new powers to Transport Minister Sindisiwe Chikunga. The most notable change is the minister’s ability to set ride-hailing prices, a responsibility previously held by the platforms themselves. This move has been met with mixed reactions from industry stakeholders. The E-Hailing Partners Council (EHPC), representing ride-hailing operators, welcomes the changes. Melithemba Mnguni, a spokesperson for the EHPC, views the amendments as long overdue, particularly regarding pricing, safety regulations, and improved communication…

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Uber Invests $100 Million in Moove, an African Mobile Transportation Solutions Platform

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Uber investit 100 millions de dollars dans Moove

Ride-hailing giant Uber has announced a $100 million investment in Moove, an African startup specializing in vehicle financing solutions. This transaction, which marks Uber’s first venture capital investment in Africa, aims to support Moove’s growth and facilitate vehicle ownership for Uber drivers across Africa. Founded in 2015, Moove offers innovative and affordable financing solutions to taxi and motorcycle drivers, enabling them to purchase new and used vehicles. The startup uses artificial intelligence technology to assess the creditworthiness of customers and offer them financing plans tailored to their needs. Moove currently…

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