In Nigeria, one of the world’s worst nations for kidnapping, getting in the wrong cab could end up costing you or your family a lot more than the agreed taxi fare.
Many people have a “taxi guy” whom they trust to avoid this risk, but what if he is on the other side of a notoriously traffic-throttled city like Lagos just when you need him?
It was a clear gap in the market for Easy Taxi, which like Uber uses a smartphone app and GPS technology to provide taxi services by linking up customers with a trusted driver who is nearby.
In Nigeria, Easy Taxi only recruits existing taxis, but ones that are carefully vetted with all their documents in order. Many will not pass the test.
A spike in kidnapping of well-to-do Nigerians and expatriates in Lagos in late 2012 and early 2013 made a lot of people wary of flagging down unknown cabs. Nigerians dubbed them “one chance,” denoting the small, but terrifying, risk.
Consultancy Control Risks said Nigeria ranked third behind India and Mexico for recorded kidnaps-for-ransom in 2013, though last year it had been pushed down to fifth place by Iraq and Pakistan.
“People were being kidnapped in taxis, in public buses, so there was a big fear for safety,” Easy Taxi Nigeria managing director Bankole Cardoso said.
“We have a GPS tracker, so when a driver tells you ‘I’ll be there in five minutes,’ you can actually see where he is on the map,” Cardoso, 26, said.
Easy Taxi Nigeria, owned by South African mobile operator MTN, German startup incubator Rocket Internet and Swedish technology firm Millicom, uses an app to locate one of hundreds of taxis closest to the user.
Easy Taxi was founded in Rio de Janeiro, Brazil, pioneering online taxi services in Latin America and the brand has now spread to 33 nations around the world.
It fits into Rocket Internet’s strategy of taking successful e-commerce startup models and launching them in regions such as Africa, Latin America, Russia and parts of Asia.
The firm launched in Nigeria in 2013 in its rambunctious commercial hub Lagos, home to 21 million people. It has since spread to the capital Abuja and gets a few hundred customers a day, Cardoso said.
Easy Taxi has also started services in two other sub-Saharan African nations, Ghana and Kenya.
It has competitors in Nigeria, notably local firm Afrocab, India’s Taxipixi and Australian startup Saytaxi.
The Easy Taxi app has proved popular with women and those traveling at night. A new service tailored for corporate clients has already signed up names such as MTN and Samsung.
Vivian Nwakah, director of a renewable energy start-up and an American of Nigerian descent, moved to Nigeria in 2013. She did not have a car and needed to find a reliable way to travel.
“The safety aspect was what was really important to me,” she said.
The firm had to give smartphones to drivers in the startup phase. Now, drivers arrive armed with phones seeking work.
Cardoso declined to comment on revenues, but said the company plans to expand into other Nigerians cities soon.
With its colorful plastic chairs, the open plan floor that Easy Taxi shares with four other young Internet companies, also incubated by Rocket Internet, has the buzz of a tech startup.
The firm has encountered the challenges that many businesses face in Nigeria, such as extortion from well-connected people who want a piece of the pie without doing any of the work.
A man with connections to the state government last May told them what they were doing was illegal under new regulations, but they could get around them if they used his platform for their app and he collected a share of the money.
They declined, after which he said Easy Taxi would be shut down. Cardoso has heard nothing since.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
US CONSCULTANT: The US Department of Commerce’s Ursula Burns is a rarely seen US government consultant to be put forward to sit on the board, nominated as an independent director Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday nominated 10 candidates for its new board of directors, including Ursula Burns from the US Department of Commerce. It is rare that TSMC has nominated a US government consultant to sit on its board. Burns was nominated as one of seven independent directors. She is vice chair of the department’s Advisory Council on Supply Chain Competitiveness. Burns is to stand for election at TSMC’s annual shareholders’ meeting on June 4 along with the rest of the candidates. TSMC chairman Mark Liu (劉德音) was not on the list after in December last