Uber, Bolt Warn Govt Plan Could Push Up Ride Costs by 35%
Source: Nairobi Wire
Summary
Ride-hailing companies have rejected the government’s plan to introduce minimum compensation for drivers, warning that price controls could make trips more expensive and reduce demand for their services. The operators maintain that regulation should focus on safety, quality of service, and protecting both drivers and passengers, rather than setting prices in a market where fares naturally fluctuate based on supply and demand. Speaking during a forum on the future of smart regulation in Kenya’s ride-hailing sector at the Serena Hotel in Nairobi, representatives from Bolt and Uber cautioned that government intervention in pricing could ultimately harm both commuters and drivers. The post Uber, Bolt Warn Govt Plan Could Push Up Ride Costs by 35% appeared first on Nairobi Wire.