The country's constrained economy was evident in the finding that "South African consumers are looking for practicality and 67% said they would consider a model that offers more utility, compared to 26% who would likely favour more luxury."
“ECA has imposed commitments on Uber, which will safeguard the rights of riders, drivers, and investors, as well as encourage innovation and entry into the market,” the Egyptian competition watchdog said in a statement.
Commenting on the expansion, Etop Ikpe, CEO and Co-Founder of Cars45, said, “Expanding into Ghana and Kenya made perfect sense as the ideal next step as we build a transparent and fair structure for trading cars on the continent."
Early this year the company announced it was expanding to Kenya and is now making Nigeria its third country of operation. The company joins the likes of MAX, Gokada and ORide that are operating in the sector.