Sharp Daily
No Result
View All Result
Wednesday, June 10, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Faras sets minimum ride cost at KES 240 amid taxi drivers’ protests

Teresiah Ngio by Teresiah Ngio
August 14, 2024
in News
Reading Time: 1 min read

Kenyan online taxi-hailing company Faras has announced a new minimum ride cost of KES 240, following weeks of protests by local digital taxi drivers. The drivers have been vocal about their dissatisfaction with the decreasing per-kilometer rates on ride-hailing apps, despite rising fuel prices and the escalating cost of living.

In response to the drivers’ grievances, Faras has not only increased the minimum ride cost but has also adjusted its general pricing structure.

“After careful consideration, we have decided to increase all our minimum prices to KES 240 and also review our general prices upwards by a significant percentage,” said Faras General Manager Allan Maimbu during a press conference in Nairobi.

Additionally, the company has aligned its commission rates with the maximum allowable by the National Transport and Safety Authority (NTSA), which is capped at 18%. Maimbu emphasized that these changes are aimed at addressing the drivers’ concerns and creating a more sustainable environment for the industry.

RELATEDPOSTS

Kenya power warns of potential electricity price hike over wayleave dispute

March 5, 2025

Passenger outcry as Nairobi taxi drivers reject app-set fares

July 31, 2024

“To ease the impact of the price changes, we’ll continue to offer discounts to our customers, and as always, our drivers will receive the balance for discounted trips immediately after the trip ends, directly in their wallet,” Maimbu added.

Despite the increase, some drivers, particularly those represented by the Organization of Online Drivers Kenya (OOD), have been pushing for a base fare of KES 300. However, Maimbu noted that after discussions with drivers on their platform, they reached an agreement on the new KES 240 minimum.

“We warmly invite our fellow industry players to join us in addressing the drivers’ concerns. By collaborating, we can create a fairer and more sustainable future for drivers and passengers and make Kenya a more welcoming place for the ride-hailing business,” he urged

Previous Post

Role and impact of the Joint Building Council in Kenya’s construction industry

Next Post

Mystery buyer rescues Mobius Motors following liquidation announcement

Teresiah Ngio

Teresiah Ngio

Related Posts

News

Kenya’s interest rate hold: when geopolitics reshapes monetary policy

June 10, 2026
Analysis

CMA tightens governance oversight in kakuzi case

June 10, 2026
Analysis

Investor appetite for treasury bills surges as demand jumps 228% ahead of CBK rate decision

June 10, 2026
News

The appeal of SACCOs

June 9, 2026
Analysis

Court upholds wells fargo staff dismissals, reduces compensation award

June 9, 2026
News

The Rise of Asset-Light Businesses: How Value Creation Is Shifting from Ownership to Ecosystems

June 9, 2026

LATEST STORIES

Kenya’s interest rate hold: when geopolitics reshapes monetary policy

June 10, 2026

CMA tightens governance oversight in kakuzi case

June 10, 2026

Investor appetite for treasury bills surges as demand jumps 228% ahead of CBK rate decision

June 10, 2026

CBK holds benchmark rate at 8.75% for the second consecutive time

June 10, 2026

The appeal of SACCOs

June 9, 2026

Court upholds wells fargo staff dismissals, reduces compensation award

June 9, 2026

Kenya moves to regulate tech driven delivery platforms with landmark licensing rules

June 9, 2026

The Rise of Asset-Light Businesses: How Value Creation Is Shifting from Ownership to Ecosystems

June 9, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024