Forget Uber, Taxify is winning Africa – The Wall Street Journal
DUBLIN – It's no secret that I don't have a lot of faith in Uber as a business. I think that there is, as yet, no evidence that it will ever be able to earn enough profits to justify its sky-high valuation. I don't believe that it will do anything spectacular in the way of self-driving cars any time soon, and I don't see how – with its poor driver relations, safety issues, and unfortunate corporate culture – it is going to stay on top in a highly commodified space. This article underlines my lack of belief in the Uber story. It tells the story of how Estonian ride hailing company Taxify has managed to eat Uber's African lunch by being more responsive to local conditions. I may, obviously, be very wrong about Uber. There are plenty of investors who are much smarter than me that have bought wholeheartedly into Uber's story. But, as this article demonstrates, the ride hailing space is by no means a simple one and Uber's dominance is not guaranteed. – Felicity Duncan
By Alexandra Wexler
(The Wall Street Journal) KAMPALA, Uganda—In the race to become Africa's dominant ride-hailing app, Uber Technologies Inc. is trailing a much smaller rival.
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