Addis Ababa ( Ethiopia Today), March 11, 2023: Zayride, one of the taxi-hailing companies, 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 branch of the 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.