Bolt slashes fee to 50%, now competing with InDrive and Uber

March 5, 2024 Joshua Samuel

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Bolt generally charges drivers up to 15% commission, however, the firm has eliminated this fee in Cairo. This implies that drivers will use the app commission-free, and the e-hailing company will pay them the total amount collected for each trip.

At the launch, Haitham Mansour, Bolt Egypt’s Country Manager, stated that affordable pricing is a strategic way to increase demand.

“By keeping our commissions substantially lower than our counterparts, we ensure drivers earn more while presenting customers with appealing service fees.”

Bolt’s arrival in Egypt marks the company’s fifteenth African market. It first started in South Africa in 2016 and has since extended to Ghana, Nigeria, Kenya, Cameroon, Zambia, Tanzania, and Uganda.

With its recent entry into Egypt, it will compete with the country’s existing ride-hailing service providers, which include Uber, InDriver, Careem, and DiDi.

Bolt announced its entrance into Harare, Zimbabwe, in January 2024, and stated that driver commissions will be waived for at least six months. Following the expansion announcement, Bolt’s Head of Expansion, Laurent Koerge, emphasized that the firm intends to keep demand high through competitive pricing.

In February 2024, it announced that it would open in Gaborone, Botswana’s capital, where inDrive has been operating since 2019. It also waived its standard 15% to 20% commission from drivers for the first six months and hired 100 drivers to assist launch ride-sharing services in the city.

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Joshua Samuel

A conscientious writer with a knack and passion for story telling which spans across different sectors and segments. I love telling stories in writing and bringing quality, authentic and timely information to everyone everywhere.

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