Chief Executive Officer, Cars45, Etop Ikpe, noted that the relationship is a strategic one aimed at helping to the company to achieve its mission to build an ecosystem that enhances, enables and drives trade within the nation's automotive sector.
FlexClub offers Drivers Club members – like Uber drivers renting the cars – access to its market-first “Drive-to-Buy” package which empowers them with the flexibility to rent the vehicle until it is affordable enough for them to buy it.
“With MooveTV, the driver earns 20% of the revenue on every ad played to riders in their vehicle,” MooveTV Product Lead, Emmanuel Pastor said, “The owner of the content also gets 30% while MooveTV takes the rest. In other cases, where there is a broker, they take 5% too.”
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."