ride -sharing Archives | Best African News Online

Uber Buys Middle Eastern Rival Careem for $3.1bn

Byron Adonis Mutingwende6 years ago5 years ago03 mins

Ride-sharing firm Uber has announced it is buying Dubai-based rival Careem for $3.1bn (£2.3bn). Careem was established in 2012, and operates in 15 countries across the Middle East, Africa and Asia. The firm will continue to operate under its own brand as a subsidiary of Uber. “This is an important moment for Uber as we…

Rivals BMW and Daimler Merging With a $1 billion Investment on the Future of Transportation

Byron Adonis Mutingwende6 years ago6 years ago03 mins

BMW and Daimler are putting more than $1 billion into a joint venture that will develop ride-sharing, charging and parking services. The rival German carmakers announced the investment in Berlin, describing their mobility business as a “global game changer” that could help fend off challenges from upstarts including Uber. “Our mobility services have developed a…