Sharp Daily
No Result
View All Result
Saturday, August 8, 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 Capital Markets Recovery

August 7, 2026
News

THE AI INFRASTRUCTURE RACE RESHAPES GLOBAL CAPITAL ALLOCATION

August 7, 2026
News

Infrastructure Finance Growth Drives Regional Bank Expansion

August 7, 2026
News

Central Banks Shift to Stablecoin Prudential Integration

August 7, 2026
News

High Court Challenges Mobile Money Regulation

August 7, 2026
News

US and UK Deepen Stablecoin Regulatory Standards

August 7, 2026

LATEST STORIES

Kenya’s Capital Markets Recovery

August 7, 2026

AI and the Future of Pension Fund Management

August 7, 2026

Kenya’s retirees are finally waking up to the cost of growing old

August 7, 2026

THE AI INFRASTRUCTURE RACE RESHAPES GLOBAL CAPITAL ALLOCATION

August 7, 2026

Infrastructure Finance Growth Drives Regional Bank Expansion

August 7, 2026

Central Banks Shift to Stablecoin Prudential Integration

August 7, 2026

High Court Challenges Mobile Money Regulation

August 7, 2026

US and UK Deepen Stablecoin Regulatory Standards

August 7, 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