Addis Ababa, Ethiopia (11 March 2023)
Zayride, a popular on-demand taxi service in Ethiopia, has announced its plans to go public. This move to take ownership public is a significant milestone for Zayride, and it highlights the company’s confidence in its business model and growth potential.
The company has started a share sale with a total of 100,000 shares being offered at a price of 1,000 birr per share. The minimum amount of shares that drivers are required to purchase is 25,000 birr, whereas for other buyers, the minimum amount is set at 75,000 birr.
Zayride has made it easy for interested buyers to purchase their shares. The shares can be bought at any branches of four major banks in Ethiopia – Awash, CBE, Amhara, and Abyssinia Banks.
Zayride, headquartered in Addis Ababa, is a customer-centric on-demand taxi service that offers fast, convenient service throughout the local area. The company provides fully licensed, experienced drivers who have undergone thorough background checks to ensure the safety of passengers.
The company’s easy-to-use taxi service app is free to download on both iOS and Android smartphones, and it offers a modern, convenient way for customers to get from one place to another. With the built-in meter that counts per distance and time, customers know exactly how much they will pay before they arrive at their destination.
Zayride has quickly become a household name in Addis Ababa, providing a reliable and safe way for people to travel around the city. With this share sale, the company is opening up the opportunity for investors to become part of its success story. If you’re interested in buying shares, head to any of the four listed banks and purchase your shares today.
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