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Uber, Bolt drivers in Africa protest higher costs

E-hailing drivers in some African countries including Nigeria and Kenya went on strike, demanding a higher share of commissions, as the cost of living and fuel increased amid the Covid-19 pandemic. REUTERS Uber Technologies Inc. drivers in some African countries including Nigeria and Kenya have gone on strike to demand a higher share of commissions due to increases in fuel prices and inflationary pressures amid the Covid-19 pandemic. The US ride-hailing service in Nigeria, Africa’s most populous country, already has limited trips available on the app, leading to a sharp rise in fares in Lagos, the country’s commercial hub.

Taxi Market to Reach $120 89 Bn, Globally, by 2027 at 12 3% CAGR: Allied Market Research

 by Booking Type (Online Booking and Offline Booking), Service Type (Ride-hailing and Ride-sharing), and Vehicle Type (Cars, Motorcycle, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global taxi industry generated $69.18 billion in 2019, and is expected to generate $120.89 billion by 2027, witnessing a CAGR of 12.3% from 2020 to 2027. Download Research Report (240 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10930 Prime determinants of growth Increase in demand for ride-hailing and ride-sharing services, surge in demand from online taxi booking channels, and rise in cost of vehicle ownership drive the growth of the global taxi market. However, improvement in public transportation and varying government regulations on taxi services in different countries restrain the market growth. On the other hand, development of robo-taxies and emergence of eco-friendly elect

Didi accelerates IPO plans, amid China rebound

Didi accelerates IPO plans, amid China rebound
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