Hello Venturer,Cheers to another week of chasing the bag. To constantly push through and make the most of what you do. We all can agree that doing business on the continent is not easy. This is why we can not entirely blame businesses, particularly foreign businesses shutting up shop on the continent. It's tough here. When it feels like you've got the hang of doing business in Africa, another roadblock pops up. Take popular ride-hailing company Bolt, for example. As popular as it is, the company still has to bow to the dynamics of doing business in Africa. They have had to change their entire business model in Tanzania. All I hear is companies crying, "Help me! Help me! Government regulations dey carry us go where we no know!"Meanwhile, these policies do not only affect the companies. As a result of the changes in Tanzania, bolt drivers will have their income cut down as they struggle to get new gigs. This means Tanzania's gig economy will also be affected. Imagine hustling to get a car, then signing up as a Bolt or Uber driver to earn an honest living, and boom! The system gets in your way.This week, writers Oluwatosin Ogunjuyigbe and Adekunle Agbetiloye discuss the ripple effect of Tanzania's ride-hailing policies.Orufa SuotunimiStaff Writer
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Tough times chasing the bag in Tanzania…
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Hello Venturer,Cheers to another week of chasing the bag. To constantly push through and make the most of what you do. We all can agree that doing business on the continent is not easy. This is why we can not entirely blame businesses, particularly foreign businesses shutting up shop on the continent. It's tough here. When it feels like you've got the hang of doing business in Africa, another roadblock pops up. Take popular ride-hailing company Bolt, for example. As popular as it is, the company still has to bow to the dynamics of doing business in Africa. They have had to change their entire business model in Tanzania. All I hear is companies crying, "Help me! Help me! Government regulations dey carry us go where we no know!"Meanwhile, these policies do not only affect the companies. As a result of the changes in Tanzania, bolt drivers will have their income cut down as they struggle to get new gigs. This means Tanzania's gig economy will also be affected. Imagine hustling to get a car, then signing up as a Bolt or Uber driver to earn an honest living, and boom! The system gets in your way.This week, writers Oluwatosin Ogunjuyigbe and Adekunle Agbetiloye discuss the ripple effect of Tanzania's ride-hailing policies.Orufa SuotunimiStaff Writer