Is Kenya ready for the platform economy?

An Airbnb app, which has proved popular with local and international tourists. FILE PHOTO | NMG

When Uber first began operating in Nairobi four years ago, early adopters were only too happy to have an on-demand taxi service that was cheaper and took away the headache of haggling over fares. The initial driver partners were said to have made a killing with anecdotal reports indicating that they got returns on their investment, mostly from loans, in under a year.

In the beginning, traditional cab drivers were oblivious but soon caught on to the disruption that was happening right under their noses. Predictably, the realisation that there was a new player eating their lunch led to an explosive reaction.

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Note: The results are not exact but very close to the actual.