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Grab, Uber rival in Asia raising $2.5bn in new financing

Southeast Asian ride-hailing firm Grab said Monday it expects to raise $2.5 billion in financing, mostly from China’s Didi Chuxing and Japan’s Softbank, as it strengthens its lead over rival Uber. Didi, China’s ride-hailing leader, and mobile giant SoftBank will invest up to $2.0 billion while $500 million is expected to

UBER AND GERMAINE AUTO CENTRE ANNOUNCE SERVICE PARTNERSHIP

Uber has announced a strategic relationship with Germaine Auto Centre, a Nigerian based auto service, and maintenance company. According to the agreement, for a stipulated sum, Uber driver-partners operating in Lagos can have their cars maintained and serviced at a world-class auto facility. This relationship between both companies seeks to further

Amid rising taxi violence, Uber asks SA police for help

... Metered taxi operators unleashing violence and threats against Uber drivers ...Uber partnered with multiple private security to provide security and medical services in emergency situations. Uber has condemned the intimidation against driver-partners and riders at the Gautrain Stations across Gauteng and formally asked the Police Minister and the Minister of Transport to

Uber drivers now considered employees in South Africa

– here’s what it means On Wednesday the Commission for Conciliation, Mediation and Arbitration (CCMA) ruled that South Africa’s Uber drivers were not independent contractors but must instead be considered full-blown employees. In effect, this means that these drivers are given the full protection of the Labour Relations Act which includes strict rules on

Video Female FRSC Officer Caught on Camera Dragging Moving Car Steering With the Driver, Another Smashes Windscreen

A female Federal Road Safety (FRSC) Official was alleged to have been caught on camera struggling for the control of a moving car with the driver of the vehicle Wednesday, July 12, 2017. The alleged incident which has gone viral on social media since the report broke was said to

Transportation Startup Transfix Raises $42 Million From Investors

Freight-booking company connects shippers with trucking fleets via an app and website Transfix, an online service helping companies to hire trucks to move their goods, said Wednesday it had raised $42 million from investors, in one of the largest funding rounds to date for a freight booking startup. The Series C funding

UBER AND YANDEX AGREE TO COMBINE RIDE-SHARING BUSINESSES IN RUSSIA

Uber and Yandex (the Google of Russia) have announced that they will be combining their ride-sharing businesses in Russia and will extend to five nearby markets namely Azerbaijan, Belarus, Kazakhstan, Armenia and Georgia. Yandex will contribute $100 million into a new joint company in which Yandex will own 59.3 percent and employees

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