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Goodbye Taxify, Welcome Bolt

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  • Goodbye Taxify, Welcome Bolt

Taxify, the popular ride-hailing company, is making changes to its business as it gears up for growth.

The company has rebranded by changing its name to Bolt, the same name it has been using for its electric scooter service and launched a new logo.

According to the company’s statement released on Thursday, the name and logo rebranding brought the brand identity in line with the company’s bigger vision of transportation that has already grown from ride-hailing with cars and motorbikes to scooter sharing.

Markus Villig, Chief Executive Officer and co-founder, Bolt said the company launched five years ago with one objective, to make urban transportation affordable and convenient.

He revealed that the first product was a taxi dispatch solution that gave the company its original name, Taxify, adding that the company had evolved since its inception from 10 million customers to 25 million customers and now operates in over 30 countries globally.

Speaking on why the company chose to make the change, Villig said “While we’ve made progress on our mission, we’ve also started to outgrow parts of our brand, including the name.

“Given our ambition to solve transportation problems on an increasingly broader scale, we want the brand to reflect the company’s future rather than the past. Our new name ‘Bolt’ stands for fast, effortless movement – exactly what the experience of getting around in a city should be, be it by car, scooter or public transport.”

Uche Okafor, the Regional Manager for West Africa, Bolt, said the rebranding highlighted the firm’s strong belief that the future of transportation is electric.

He said, “The new brand will be gradually rolled out across Bolt’s global markets over the following weeks. Bolt users will not need to take any action as the app will update automatically.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Hazard, Kepa, and Messi Lost €142 Million in Combined Market Value, Three Biggest Drops in 2020

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Market Value of Hazard, Kepa and Messi Drop By €142 million

The COVID-19 outbreak has had an enormous impact on the football industry, causing considerable drops in clubs’ revenues and their players’ market value.

According to data presented by SafeBetting, Hazard, Kepa, and Messi, top the list of the biggest market value drops in 2020. Statistics show the three famous footballers lost €142 million in combined market value since the beginning of the year.

Hazard`s Market Value Halved to €60 Million, the Biggest Fall This Year

Real Madrid’s left-winger Eden Hazard has witnessed the most significant drop in market valuation this year, revealed the TransferMarkt data. In June 2019, while the Belgian footballer played for Chelsea, his market value amounted to €150 million, the highest figure in the career. However, by the end of 2019, this value dropped to €120 million.

The year 2020 hasn’t been easy for the famous left-winger, bringing a new significant drop in his market value. Statistics show Eden Hazard was worth €60 million in October, a 50% plunge since the beginning of the year.

Chelsea’s goalkeeper Kepa Arrizabalaga has witnessed the second-largest drop, losing 70% of his market value this year. Statistics show Kepa was valued at €18 million as of October, a €42 million fall since December 2019.

Lionel Messi witnessed the third-largest decrease in 2020, with his market value going down from €140 million in December 2019 to €100 million in October, a 28% plunge in ten months. The TransferMarkt data also indicate the FC Barcelona right winger’s market value has constantly been falling since May 2018, when it peaked at €180 million.

Antoine Griezmann and Dele Alli round the top five list, with a €40 million and €38 million market value drop in 2020, respectively.

Alphonso Davies Tops the List of Biggest Market Value Increases in 2020

Although many European football teams have witnessed immense market value drop since the beginning of the year, some footballers increased their value significantly in 2020.

Statistics show Alphonso Davies tops the list of the most significant market value growths this year. In December 2019, the famous Bayern Munich left-back was valued at €25 million. In September, this figure peaked at €80 million, a 220% jump in nine months.

FC Barcelona left-winger, Ansu Fati, ranked second with a €40 million increase and €80 million in market value as of October.

Borussia Dortmund’s center-forward player Erling Haaland also hit €80 million in market value this month, a €35 million jump since the beginning of the year. Phil Foden and Mason Greenwood follow, with a €30 million market value increase, each.

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Feminist Coalition Puts an End to Donations, Raises N147.8 Million

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Feminist Coalition Raises N147.8 Million in 14 Days, Halts Donations

Feminist Coalition, a non-governmental group at the forefront of #EndSARs protest, has asked all potential donors to stop sending money to the account following the clampdown on protesters.

In a statement titled “A Statement from the Feminist Coalition” and co-signed by Damilola Odufuwa, Odunayo Eweniyi, Layo Ogunbanwo, Ozzy Etomi, Ire Aderinokun, Fakhrriyyah Hashim, Oluwaseun Osowobi, Jola Ayeye, Laila Johnson-Salami, Karo Omu, Obiageli Alintah, Tito Ovia, Kiki Mordi and FK Abudu.

The statement said the group raised a total of N147.8 million in donations in USD, CAD, GBP, EUR, GHS, KES, and BTC.

A total of ₦60.4 million was spent on protesters and victims brutalised by the police. The group said a total of ₦87.5 million is left.

* Total received – ₦147,855,788.28 (includes donations in USD, CAD, GBP, EUR, GHS, KES, and BTC)

* Total disbursed – ₦60,403,235.00

* Total left – ₦87,452,553.28

It stated, “The funds were raised through the generosity of well-meaning people and concerned Nigerians who want their voices to be heard and their demands to be met.

The group said it decided to halt all donations after President Muhammadu Buhari’s speech on Thursday.

The rest of the donations will go towards funding medical emergencies, legal aid for wrongfully detained citizens, and relief for victims of police brutality and families of the deceased.

“The past two weeks have been tough for many Nigerians, most especially the last two days. Many lives have been lost and properties destroyed at the height of what started as peaceful marches for the end to police brutality.

“The Feminist Coalition condoles with every Nigerian mother, father, son, daughter who has lost a loved one in these trying times. These Nigerians share the same vision for a better country as we all do and should be duly recognized as heroes.

“Following the President’s address, we hereby encourage all young Nigerians to stay safe, stay home, and observe the mandated curfew in your state.

“The Feminist Coalition has made a decision to henceforth stop all donation inflows for the #EndSARS peaceful protest. The rest of the donations will go towards funding medical emergencies, legal aid for wrongfully detained citizens, and relief for victims of police brutality and families of the deceased.”

Below is the official statement.

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#EndSARS: Protesters Converge at Lekki Toll Gate Despite Sanwo-Olu 24 Hour Curfew

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#EndSARS Protesters Gathered at Lekki Toll Gate Despite Curfew

Lagos protesters defied the 24-hour curfew imposed by the executive governor of Lagos State, Babajide Sanwo-Olu, as they gathered at Lekki Tollgate to continue their agitation.

The peaceful #EndSARS protesters sang the nation’s national anthem as they held on to their Nigerian flags proudly.

Earlier today, governor Sanwo-Olu, had imposed a 24-hour curfew across all parts of the state, saying the peaceful protest has been hijacked by criminals and unscrupulous individuals.

In a statement put out by the governor, he said “I have watched with shock how what began as a peaceful #EndSARS protest has degenerated into a monster that is threatening the well-being of our society.

“Lives and limbs have been lost as criminals and miscreants are now hiding under the umbrella of these protests to unleash mayhem on our state. As a government that is alive to its responsibility and has shown a commitment to the movement #ENDSARS, we will not watch and allow anarchy in our dear state.”

“I, therefore, hereby impose a 24-hour curfew on all parts of the State as from 4pm today, 20th October,2020. Nobody, except essential service providers and first responders must be found on the streets.

However, the determined Nigerian youths matched forward as they clamoured for complete police reform and a broad-based transparent and good governance for all Nigerians and not a selected few.

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