Bolt, the global ride-hailing company, has launched in Cairo and will compete with Uber, InDriver and Careem in its second foray into North Africa after expanding to Tunis in 2019. It will waive drivers its standard 15% commission for drivers (Uber and Careem charge 22-33%) and give riders 50% off their trips for the next six months. Bolt absorbs the discounts it gives customers and pays drivers the total amount earned during a trip. During this time, it has primarily focused on the Southern Africa market after entering Zambia, Zimbabwe, and Botswana, and waived driver commission in those markets for six months. Uber is currently the most popular ride-hailing app in Cairo but is considered pricey.

Source: The North Africa Journal March 04, 2024 15:36 UTC