Bolt’s future in Tanzania uncertain after 15% service fee order

By News Curator

The future of Bolt, the Estonia-based ride-hailing company, in Tanzania is hanging in the balance following a new 15% service fee order that came into effect Friday last week. Bolt, Uber’s main rival in Europe and Africa, in response to queries by TechCrunch, said it had reached out to relevant stakeholders including the Land Transport…

This Week in Apps: Instagram’s parental controls, Tile’s anti-stalking update, iOS 15.4 arrives

By News Curator

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports. Global spending across iOS,…

SafeBoda bets on super app to boost recovery from pandemic slump

By News Curator

Powered by 25,000 motorcycle taxis at the start of 2020, Safeboda was at its peak, ferrying thousands of pillion passengers in cities across Uganda and Nigeria. And then the covid pandemic hit, throwing everything into a spin. Containment measures like work from home directives meant a slump in business, which was worsened by the lockdowns,…

Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss

By News Curator

Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently…