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App taxis face tough times as costs soar

THE STANDARD BUSINESS Uber East Africa General Manger Loic Amado with Barclays Bank s Director of Retail and Business banking Zahid Mustafa when they signed a partnership MoU.[Wilberforce Okwiri] It is Monday morning. Most investors in the digital application taxi business are eagerly waiting for a notification on their mobile phones about weekly returns from their drivers. Depending on the agreement between a driver and the owner of the car, most of the payments are done weekly, especially on Monday when the application providers (Uber, Taxify, Little etc) release payments done during the week through cards. However, Monday, which was once a promising day for the car owners, is turning out to be a theatre of all drama.

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