Ride Readies for Djibouti Market Entry

July 2 , 2022


Ride Readies for Djibouti Market Entry

One of the Ethiopia's leading taxi-hailing services is set to enter the market in Djibouti. Incorporated as a subsidiary of Hybrid Designs Plc with SamrawitFikru as a co-founder in 2017, Ride has been among the biggest names in a rapidly growing industry. Last week, the company announced it had finalised preparations to begin offering services in the neighbouring coastal country. This is not the first time Ethiopian ride-hailing companies have announced plans for expansion into other African countries. Platforms like Catch taxi and ZayRide had previously shared similar goals, with Catch operating in Kenya for a few months before it withdrew, while ZayRide's aspirations failed to materialise. Last month, Hybrid Designs lost a copyright infringement lawsuit against ZayRide's parent company.


Radar

MAGNETIC FREE TIME

Many children could be seen on the streets of Addis Abeba in the business of weighing people using portable scales. But it is a job with much free time. One kid has attached a rope to a piece of magnet to collect materials with iron without having to bend...


Radar

NEW GEAR

Guests, including Asfaw Alemu (centre), president of Dashen Bank, and Samuel Tafesse, real estate mogul, are shown the new Nissan Navarro pickup vehicle at Nyala Motors showroom on July 30, 2022. Despite a foreign currency crunch, the car market is hot, with sellers boasting lots at full capacity...


Radar

UNSIGHTLY SUBURB

In an area around Goro, along the Yerer road, are discarded plastics that have been collected over time, and other refuse, making the neighbourhood smelly and unsightly. Yet the urban sprawl continues, with expensive villas rising up and transforming the neighbourhood into a suburb...