The first taxi-hailing company, ZayRide made a total of 300 million Br worth of shares available to the public. The company offers a minimum of 25,000 Br worth of shares for drivers while 75,000 Br is set as a minimum for other interested shareholders. The ceiling is set for 5,000 shares at five million Birr. Under Habtamu Tadesse, the first taxi-hailing company has won a two-year court battle with its contender RIDE which had its accounts frozen by court injection, nine months ago. ZayRide has expanded its service to five cities since then, with 16,000 drivers under its fleet. "We'll be starting services in Tigray Regional State in the next couple of weeks," said Habtamu, during a press conference held at the headquarters on Snap Plaza, on Africa Avenue (Bole Road).
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