FARAS News | Aug 20, 2024
FARAS raised its base fare from 200 to 240 shillings and adjusted its commission to 18 percent to comply with National Transport and Safety Authority regulations...
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Company name: FARAS
Company website: faras.com
Company overview: FARAS is a ride-hailing and on-demand services provider company based in Kampala, Uganda. It offers services such as car hiring, food delivery, and package delivery.
Latest Updates
- FARAS raised its base fare from 200 to 240 shillings and adjusted its commission to 18 percent to comply with National Transport and Safety Authority regulations.
- FARAS set the minimum ride cost at Ksh.240 following protests by local digital taxi drivers over low prices and high fuel costs.
- FARAS is currently under investigation regarding a safety incident involving a driver, who allegedly threatened a client with a firearm.
- FARAS Cabs raised its fares by up to a fifth this month to accommodate drivers’ demands, according to Chief Commercial Officer Osman Abdi.
- FARAS will be participating in the MakBazaar2024 event.
- FARAS will be featured on Day 2 of the #40Days40FinTechs Season 5, showcasing their pioneering role in Uganda's ride-hailing market.
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