Tag: Uber

  • Uber set for Benin City launch

    Barring last-minute changes, global ride sharing giant, Uber, will launch operations in Benin City in July, further swelling the ranks of global ride sharing companies operating in the city.

    This comes after weeks of engagements between government and Uber officials and finalising modalities for the smooth takeoff of the service in Benin city.

    The Edo State Skills Development Agency (EdoJobs) is already leading the charge with the recruitment of riders on the platform.

    Senior Special Assistant to the State Governor on Skills Development and Jobs Creation and Head, EdoJobs, Mrs. Ukinebo Dare, said that the launch would take place at the Edo Innovation Hub, and  Governor Godwin Obaseki is expected to grace the occasion.

    According to her, “We are working with Uber to finalise modalities for the takeoff of the service in Benin City. We are excited because this helps in getting people meaningfully engaged. As you know, Uber gives car owners the opportunity to make some money with their cars. But we are keen on the job-creating feature of the service as well.”

    She said the launch takes place on July 24, and would host a number of dignitaries within the state and beyond, noting, “We expect to have a full house. Early in the day, we will have a chat with journalists and afterwards, the governor takes the zero ride. That would mark the start of the service in Benin City.”

    She added that the state government is collaborating with Uber to also recruit drivers through its expansive database, calling on people interested in the service to sign up to enjoy its immense benefits.

    Recall that Taxify launched in the state late last year, and has recorded impressive rating from residents. Uber is expected to deploy its unique selling point to fight for its stake in the market as well.

     

     

  • Uber introduces tipping for driver-partners

    Uber  has announced that riders in Nigeria will now be able to tip their drivers after every trip to show appreciation for excellent service delivery.

    This new tipping feature will be 100 per cent optional and riders will be given optional tip values as well as an option to customise an amount for their drivers.

    Uber West Africa General Manager Lola Kassim,explained that “driving is more than just getting people from point A to B. Every day, driver-partners do their best to make riders’ lives easier – from getting them to that big business meeting, first date or must-see match – they do it all. This is why improving the driving experience has been a key priority for us over the last few years.

    “The tipping feature comes as a result of the feedback we received from driver-partners through our various engagement sessions with them. With this feature, we want to ensure that drivers that often go above and beyond for their riders are being recognised and rewarded. This could be the driver that waits for riders to safely enter their home, assists with inserting and removing luggage from the trunk or simply a pleasant driver that is warm and friendly and helps you get through Lagos traffic.”

    This feature will be made available below the rating and compliments section in the app and will remain completely optional. Payments will be deducted from the rider’s registered credit or debit card, cash-paying riders are free to tip an additional amount of their choice. All tips from riders will go directly to driver-partners and Uber receives no service fee.

  • Uber faces class action from over 6,000 taxi, hire car drivers

    A class action lawsuit has been filed against Uber, on behalf of thousands of Australian taxi and hire car drivers, for allegedly operating illegally which provided the company with an unfair competitive advantage.

    The lawsuit was filed on Friday morning at the Victorian Supreme Court by law firm Maurice Blackburn Lawyers, and will cover more than 6,000 drivers, operators, and licence owners across Victoria, New South Wales, Queensland, and Western Australia, making it one of the biggest class actions in Australian history.

    The claimants allege Uber knew that its operations in Australia were illegal as its drivers did not have the proper licences or accreditations.

    Uber also allegedly adopted a program to avoid the use of licences and accreditation, as well as “a policy to operate in any market where the regulator had tacitly approved doing so by failing to take direct enforcement action”.

    “Make no mistake, this will be a landmark case regarding the alleged illegal operations of Uber in Australia and the devastating impact that has had on the lives of hard-working and law-abiding citizens here,” Maurice Blackburn head of class actions Andrew Watson said.

    The class action’s lead plaintiff is Nick Andrianakis, a taxi driver, operator, and licence owner from Brunswick, Victoria.

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    The class action will seek compensation for the loss of driver income for Uber’s conduct between April 1, 2014, and July 31, 2017, which covers when Uber first entered the market to when the taxi industry was deregulated

    There will be no out-of-pocket costs or liability risks for the claimants, Maurice Blackburn senior associate Elizabeth O’Shea said, with the lawsuit to be funded by litigation funder Harbour.

    Since Uber entered the Australian market, state governments around the country have made various attempts to address the activity of the world’s largest ride-hailing company.

    The Western Australian and Queensland governments regulated Uber in 2016, requiring Uber drivers to have special licences while also reducing the cost of fees paid by taxi drivers.

    In NSW, the state government set up a AU$1 levy on all taxi and ride-sharing trips, which aimed to contribute AU$100 million to pay for a compensation scheme.

    Meanwhile, in Victoria, Uber received the green light to operate in August 2017, after a decision passed by a Victorian County Court judge in favour of a Melbourne Uber driver in early 2016 effectively deemed the service as legal.

    The lawsuit follows Uber’s announcement to go public in April, with the IPO set to happen sometime this month. The IPO is expected to sell about $10 billion worth of stock, which would make it one of the largest US tech IPOs ever, coming in at an anticipated $100 billion to $120 billion.

     

  • Tax expert urges FG to review VAT law

    A tax expert, Taiwo Oyedele, has urged the Federal Government to review its Value Added Tax (VAT) law and better policing of its borders to improve its VAT collections.

    Oyedele, Head of Tax and Corporate Advisory Services, PricewaterhouseCoopers (PwC), West Africa, gave the advice in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos.

    He said the government could shore up its revenue through a review of VAT waivers and come up with a framework for VAT on imported services and digital transactions.

    “At the moment, we have a lot of issues with Nigerian VAT law because most times policymakers talk about the rate alone without saying anything about the rest of the law.

    `For instance, the country loses lot of revenue from the importation of a lawyer from Ghana who pays nothing for services rendered in Nigeria because he pays no VAT for such services whereas his Nigerian counterpart does.

    “The implication is that it makes the country’s lawyer less competitive because there is no legal provision in the VAT law that imposes five per cent VAT on such imported services.

    “The Federal Inland Revenue Service (FIRS) has seen this loophole and it is trying to block the leakage through the back door by issuing circulars to that effect.

    “The truth is that you cannot use circulars to impose tax, it has to be by law, so the government needs to amend the law to block this leakage and others,” he said.

    Oyedele said that the government should also have a regulatory framework for generating revenue from digital transactions.

    NAN reports that digital economy (transaction) is the worldwide network of economic activities, commercial transactions and professional interactions that are enabled by Information and Communications Technologies (ICT).

    He said that though some of the digital transactions operators such as Uber, Bolt (Taxify), office sharing and even technology platform providers like Facebook, Google, online stores and blogs pay VAT, the taxes were not backed by law.

    According to him, people place adverts on these platforms.

    “The government should explore these opportunities and back it up with law to ensure that not just few people pay taxes but all operators,” he said.

    He said South Africa had just released a regulation on its digital economy, adding that Nigeria should follow suit.

    Besides, Oyedele noted that four per cent cost of VAT collection by FIRS was too high by global benchmark standards, while 15 per cent allocation of VAT to Federal Government was no longer justified.

    “VAT law was introduced in 1993 and took effect in 1994; all over the world, including Nigeria, consumption tax is usually a state and local government tax.

    “But along the line, it was discovered that some states do not have capacity to collect the tax and agreed that the Federal Government should collect the tax on behalf of states.

    “That is why the Federal Government gets 15 per cent as cost of administering it while states get 85 per cent.

    “Technically for VAT, Federal Government gets 15 per cent and FIRS gets 4 per cent bringing total accrued to the Federal Government to 19 per cent.

    “Globally, the standard benchmark for collecting tax is one per cent, even many tax authorities in some countries collect less than one per cent,” he said.

    He added that should Federal Government take lesser percentage it would free funds for states to meet their financial obligations and become more financially stable.

  • Uber, AXA Mansard parley on safety

    Driver-partners registered on the Uber app, last Friday parleyed with the law enforcement officials, health and safety organisations, and members of the local Uber team on safety and security.

    Topics on where to obtain original vehicle registration details, minimise risks and prevent accidents, improve well-being and stress management for driver-partners, and a run-through of Uber’s in-app safety features were treated.

    Uber West Africa General Manager Lola Kassim said the firm is committed to safety and working to build a better experience for driver-partners.

    “It made sense for us to collaborate with relevant safety and security experts, and organisations like AXA Mansard to organise a workshop that provides driver-partners with relevant and useful safety tips. The Driver safety tips are designed to help driver-partners feel empowered to be safe and help them make safe decisions before, during, and after every ride,” Kassim said.

    Speaking on the safety, Greenlight Operations Manager for West Africa O’Yoma Ukueku, said: “At Uber, we’re working to help make cities safer, and that includes listening to those who protect and serve our communities every day. The workshop was designed to give driver-partners access to knowledge and information facilitated by subject matter experts on a wide variety of subjects that are critical to safety while on trips.

    ‘’As safety is a critical pillar to us at Uber, we are striving to ensure that driver-partners have access to information that improves the quality and safety of rides.”

    According to West Africa/Sub-Saharan Africa Communications Head Francesca Uriri, the workshop was part of a week-long Safety-Week initiative aimed at amplifying and re-iterating Uber’s ‘Safety Never Stops’ narrative of making rides safer and more secure for driver-partners and riders.

    Uber recently announced its new Safety Toolkit, which began a phased roll out to over 134 00 active riders and over 9 000 active drivers across the country.

    The toolkit will introduce new innovative features such as a driver in-app emergency button and speed alerts, which aim to raise the bar on safety, and increase transparency, accountability and peace of mind for all users.

  • Uber launches Greenlight Hub in Abuja

    Uber has opened its Greenlight Hub in Jabi Lake Mall, Abuja.

    The Uber Greenlight Hub will  open five days a week, and serve as a resource centre where existing and potential driver-partners can receive support for app-related inquiries.

    Its Greenlight Operations Manager for West Africa, O’Yoma Ukueku said Driver-partners remain a critical part of Uber operations in West Africa.

    The hub, he said, provides a functional, modern and technologically enabled support centre for the drivers.

    According to Ukueku, Uber’s team of dedicated, well-trained and professional experts will ensure that their concerns and inquiries are addressed and resolved.

    The launch of the Uber Greenlight Hub also served as a driver-partner appreciation event, where driver-partners were feted. Notable driver-partners who had distinguished themselves by providing excellent and professional service were also rewarded with a variety of gifts including generators, refrigerators, plasma televisions and microwaves.

    According to Uber General Manager West Africa Lola Kassim, “Driver-partner support is something that we take seriously at Uber, and that is why we have opened this location at the Jabi Lake Mall. The Hub serves a dual purpose of providing a world-class support centre for Uber driver-partners and also provides us with an avenue to celebrate and appreciate those who have ensured that Uber remains top of mind. We remain committed to creating economic and business opportunities for those signed up to drive on the Uber app, and we’re here to help ensure they reach their goals.”

    For Samson Yusuf, who received a prize as the driver-partner with the most number of trips in Abuja, winning the prize and being recognised by Uber means a lot.

    “I started off as a driver to a fleet partner, but as a result of commitment, consistency and the constant support of the experts at Uber, today I’m a proud owner of my own cars, all operational on Uber. It is something that a lot of people can achieve through hard work and being focused,” Yusuf said.

  • Uber revenue slows as quarterly loss surges to $1.1 billion

    Uber’s sales are dramatically slowing even as the ridehailing company is spending more to fuel global growth, particularly in its food delivery business. Revenue growth of 38 percent in the third quarter was almost half of what the growth rate was six months earlier, when the company was negotiating a $9.3 billion investment led by SoftBank Group Corp.

    That’s a troubling sign for a serially unprofitable business that hopes to get valued like a technology company in a planned initial public offering next year.

    Uber Technologies Inc. lost $1.07 billion in the quarter ended September 30, an improvement over a year ago, but the loss widened 20 percent from the second quarter.

    Highly valued companies typically grow quickly or generate big profits — and great ones do both. In the fourth quarter of 2005, Amazon.com Inc. had about the same revenue as Uber’s today — just under $3 billion, not adjusted for inflation. Yet, Amazon earned $199 million in profit and was worth about a fourth of Uber’s $76 billion valuation.

    Uber released a limited set of financial information on last week, a move the privately held company voluntarily does each quarter. The San Francisco-based company also offered a glimpse into its food delivery business for the first time. A spokesman said Uber Eats generated $2.1 billion in gross bookings. That represents 17 percent of Uber’s $12.7 billion in gross bookings last quarter.

    The emergence of Uber Eats as a promising new business has been good news for a company that’s hoping to argue in its IPO pitch that it can build a suite of similar offerings. Uber is now eyeing electric-scooter rentals, logistics and autonomous cars.

    But just as there is lingering uncertainty about the profitability of Uber’s core ride-hailing business, whether the San Francisco-based company can build a profitable food-delivery service is unproven. While food is boosting Uber’s gross revenue, it’s shrinking the company’s margins. Uber didn’t provide exact figures on the impact.

    On stage at the Wall Street Journal technology conference last Tuesday, Chief Executive Officer Dara Khosrowshahi defended the company’s ability to achieve profitability. He argued that some ride-hailing markets generate profit for Uber after accounting for local operations teams, drivers and other regional expenses. In the U.S., however, the business is not profitable even by this lower standard. “In the U.S., which is our largest market, we’re in a big battle” with Lyft Inc., he said.

    Khosrowshahi has said publicly that Uber is targeting a public offering in the second half of 2019. Privately, he’s told investors that he’s aiming for the first half of the year, people familiar with the matter have told Bloomberg. Lyft is also considering an IPO in the first half of next year, people have told Bloomberg.

  • Lagos, Uber provide lifeline for SMEs, start-ups

    The Lagos State government and ride hailing giant, Uber at the weekend in Lagos, unveiled a strategic partnership designed to create business and economic opportunities for individuals and provide support for small and medium enterprises (SMEs) and startups.

    The state, through the Lagos State Employment Trust Fund (LSETF), is partnering the firm in a programme tagged: UBERPITCH, an initiative that would create opportunities for  entrepreneurs to pitch their ideas, learn from highly successful business leaders and potentially get capital to effectively run their business.

    Speaking on the partnership with reporters, Uber General Manager for West Africa, Lola Kassim, said it was in line with Uber’s clear commitment to Africa with the goal of continually creating business and economic opportunities for all.

    She said: “The UBERPITCH campaign sees us supporting entrepreneurs by creating a platform for them to pitch ideas, leverage on relevant advice from business mentors, and potentially receive capital from the LSETF to run their businesses. Our partnership with the LSETF indicates that we are focused on ensuring that these entrepreneurs build viable and successful businesses.”

    The Executive Secretary/CEO, LSETF, Akintunde Oyebode, said the mandate of the Fund is job creation by supporting entrepreneurship and employability, adding that it is a shared vision with Uber.

  • Uber monthly passenger base in Nigeria hits 267,000

    Transportation network company, Uber Nigeria, currently has 9,000 active driver-partners and no fewer than 267,000 monthly riders, an official has said.

    Francesca Uriri, the company’s Head of Communications in West Africa, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos on Wednesday.

    Uriri said that the drivers and riders were based in Abuja and Lagos, where Uber currently focused.

    Read Also:Uber driver refuses to ‘pay prostitute N6000 fee’

    She claimed that the growing number of the riders was due to safety and services provided by the company.

    “Uber works together with regulators to ensure the safety of its platform and that of those who use it,’’ Uriri said.

    The official also said that Uber maintained a high level of privacy.

    “Uber has taken steps to protect its sensitive external data repositories.

    “In Nigeria Uber is currently available in Lagos and Abuja and is focused on enabling driver-partners by providing business and economic opportunities.

    “The steadily growing number of Uber driver-partners in Nigeria is a testament to the appeal of the Uber business model.

    “That is because it creates real opportunities for local entrepreneurs to create and enjoy flexibility and enhance earning potential,’’ she said.

    According to Uriri, each city in Nigeria is unique and offers unique opportunities.

    “We have found Nigeria to be defined by agility, creativity and adaptability; we are committed to growth, and excited about the potential.

    “When Uber commenced operations in Lagos four years ago, it (Lagos) was the fourth city in sub-Saharan Africa,’’ she said.

    She told NAN that Uber was already present in over 140 cities in 40 countries before then.

    “ Today, Uber is available in 13 cities in Sub-Saharan Africa, and is available globally in over 600 cities in over 75 countries spanning six continents,’’ she said.

    Uriri said that Uber was constantly looking for ways to help driver-partners to get more value through many partnerships.

    “In Nigeria, we have partnered with companies such as First Bank and Germaine Autos to ease the barriers of car ownership for driver-partners and to provide valuable car maintenance and servicing plans.’’

    Uriri listed mapping and traffic congestion as some of Uber’s challenges in Nigeria but said that the company was working hard daily to overcome challenges to ensure seamless experience.

    NAN reports that Uber is a technology platform. The Uber app connects driver-partners and riders. Driver-partners use their own vehicles to pick up riders and drive them to their destinations and are paid for each completed trip.

    Uber was founded in March 2009 in San Francisco, California, U.S.

     

  • Uber celebrates 4 years in Nigeria

    The wave-making software company, Uber, disclosed plans of adding taxi pool to its range of products in Nigeria even as it commemorates its fourth year of operations in Lagos. The global technology brand shared this statement at an interactive breakfast session that had members of the media in attendance.

    Speaking at the colourful media event recently at the prestigious Protea Hotel, Isaac Johns road, Ikeja Lagos, Uber General Manager for West Africa, Lola Kassim, said that the introduction of the taxi pool will further make the cost of travelling on Uber cars cheaper as riders will have the option of sharing cabs or riding alone.

    “We already have taxi pools in some countries. I think it will be successful in Nigeria. It also gives the consumer more choice. You can choose to ride alone and bear the whole cost as it is obtained now or ride with others,” enthused Kassim.

    In addition to celebrating its fourth anniversary in Lagos, Uber also unveiled its new advert campaign tagged “Moments that Matter.” The campaign highlights creative collateral across different mediums like television, cinema, radio and digital.

    Speaking enthusiastically, Kassim noted that “When Uber commenced operations in Lagos four years ago, it was the 4th city in sub-Saharan Africa to be launched, and was already present in over 140 cities in 40 countries. Four years later, Uber is available in thirteen cities in Sub-Saharan Africa, and is available globally in over 600 cities in over 75 countries spanning six continents. That is the kind of expansion that is aiding urban mobility and bringing movement to cities all around the world.”

    The new Uber advert campaign was also shown exclusively to members of the media. Tagged “Moments that Matter,” the adverts were a mix of television, radio and digital collateral humanising the real benefits of using Uber around the city in a locally relevant way.

    Speaking on the campaign, Country Marketing Lead for Uber in West Africa, Margaret Banasko, said, “The key objective of this campaign is to re-inforce Uber’s commitment as a collaborative, supportive partner that gets customers to the “last mile” in more ways than one. Uber supports in moments that matter, whether it is getting to and from work, picking up your mom from the bus park, or even having a night out with friends, Uber is at the centre of establishing emotional connections and supporting personal milestones.”

    Responding to questions concerning what the company is doing to guarantee the safety of its customers and drivers, the general manager stressed that “safety is our number one priority globally and as such we have put a lot of checks to ensure the safety of our driver partners and riders.”

    Explaining, she said, “Through technology we ensure our drivers do not sleep while driving by making sure, they do not drive up to 12 hours without taking breaks. Periodically, we meet with our drivers. We offer them lectures and talks on how to resolve challenges they are bound to encounter as they discharge their duties.”

    She further explained: “We have a customer support centre that is open to our customers 24 hours. Within Uber application, we have channels for customers to request for help and we make sure to respond very fast.”

    She added, “We have a well established process of dealing with the police. Recently, we launched the SSS call back line. As the brand continues to grow we will even add more security checks.”

    In terms of expansion, Banasko noted that they will like to see Uber in all the progressive cities in Nigeria. “We are always looking for the next place to go. However, we have to go where there is demand for our services. We hope to cover the whole of Lagos soon.”

    She emphasised that reliable service is essential.

    Talking about the challenges the company had faced since its four years in Nigeria, Kassim noted that “it has been that of providing safe, reliable and affordable service. We keep working to improve on our services.”

    As part of activities to reward its fans and customers, Uber Nigeria recently hosted lucky riders on an exclusive boat cruise with Uber Brand Ambassador, Banky W. The lucky riders, selected from a competition, joined Banky W and other celebrities for a night of fun, food and fabulousness. The event, which was hosted by the fashionable OAP Folu Storms, had guests enjoying an exclusive boat cruise on the Lagos Lagoon, with lots to eat and drink.