Swedish-Kenyan electric vehicle (EV) manufacturer Roam has opened its latest funding round to private investors for the first time, enabling individuals to purchase company shares via a crowdfunding campaign on Crowdcube, Europe’s largest equity crowdfunding platform. This initiative is part of Roam’s Pre-Series B round, previously reserved for institutional investors, …
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Ride-hailing company Bolt has introduced Bolt Send, a new parcel delivery service that enables users to request deliveries directly through the existing Bolt app. The service, which kicks off in Nairobi before rolling out to other towns, is designed to tap into Kenya’s fast-growing e-commerce sector and the increasing demand …
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Ride-hailing service Bolt Kenya has recorded a 46% reduction in trips conducted outside its app in the past six months, following the introduction of stricter safety measures aimed at curbing non-compliant practices. Click here to join our WhatsApp Channel The company credits the significant decline to its tougher enforcement strategy, …
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Commissions earned by Bolt drivers will now be subject to a 16% value-added tax (VAT) following the enactment of the 2023 Electronic, Internet, and Digital Marketplace Supply Regulations. Click here to join our WhatsApp Channel For the past 15 months, Bolt has covered the VAT cost for drivers, helping to …
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Bolt has introduced a new “Trusted Contacts” feature, allowing both passengers and drivers to designate friends or family members as emergency contacts. This feature ensures that if the account holder is unreachable, Bolt’s Safety Team can escalate Ride Check alerts or Emergency Assist requests. It’s part of Bolt’s Sh14 billion …
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On Monday, Bolt revealed a 10% increase in minimum fares in Kenya, aiming to address concerns about driver earnings. This adjustment reflects Bolt’s commitment to fair driver compensation and improving working conditions. According to General Manager Linda Ndung’u, the company has been actively engaging with drivers to understand their challenges. …
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The Lower Eastern Times Opening The Third Eye