Sharp Daily
No Result
View All Result
Tuesday, October 28, 2025
  • 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

NTSA denies license renewal to Bolt over regulatory breaches

Editor SharpDaily by Editor SharpDaily
October 11, 2023
in News
Reading Time: 2 mins read

The National Transport and Safety Authority has refused to renew the operating license of Bolt, a taxi-hailing giant, citing alleged violations of regulations.

The Estonian company, which applied for renewal days before its expiration, now faces a critical challenge in its operations in Kenya. The NTSA said Bolt has been charging illegal commissions and an unapproved booking fee, sparking complaints from drivers and their representatives.

Bolt has also failed to comply with the Transportation Network Companies (TNC), Owners, Drivers, and Passengers Regulations, 2022, according to the NTSA. Cosmas Ngeso, the deputy director and head of licensing at NTSA, told Bolt’s country manager, Linda Ndungu, that the company must address these issues if it wants to continue operating in Kenya.

Read more: Safaricom reports first-ever decline in M-Shwari deposits

RELATEDPOSTS

Super metro secures court order to resume operations after NTSA ban

March 24, 2025

Super metro challenges NTSA suspension, calls claims ‘unfounded’

March 20, 2025

Bolt said it has been following the regulations and is working on the renewal process before the license expires.

The denial of license renewal comes at a crucial time for Bolt, which was planning to invest more in the local market. The setback not only affects its growth plans but also shows the strict regulatory environment for the transport network industry in Kenya.

The outcome of this dispute could have implications for the ride-hailing sector in Kenya. It could signal a stricter enforcement of compliance for other players in the industry or lead to a re-evaluation of existing regulations.

The clash between Bolt and the NTSA highlights the balance between innovation and regulation in the sharing economy. Stakeholders will watch for the resolution of this conflict and its potential impact on the tech-driven transportation sector in Kenya.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Safaricom reports first-ever decline in M-Shwari deposits

Next Post

Report: Kenya banks resilient but face rising risks

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

News

Eastern Africa’s unified spectrum strategy to boost broadband

October 27, 2025
News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025

LATEST STORIES

EABL to redeem KES 11.0 bn bond early to cut financing costs

October 28, 2025

How Money Market Funds Work: A Beginner’s Guide (Kenya Edition)

October 28, 2025

From paycheck to progress: how I learned to make every salary count.

October 28, 2025

Kenya tightens mobile phone import rules with mandatory IMEI registration

October 28, 2025

How regular investing builds lasting wealth

October 28, 2025

The Importance of Investing in the Cytonn Money Market Fund

October 28, 2025

How the Cytonn Money Market Fund can help farmers grow their income safely

October 27, 2025

Why the cytonn money market fund remains a reliable choice for low-risk investors

October 28, 2025
  • 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