Bolt has announced a 10% increase in base fares across all its ride categories.
Following the announcement, all rides booked through the Bolt platform will reflect a 10% increase in the base fare. For instance, the base fare for the Economy category will move from Ksh. 200 to Ksh. 220. This is expected to directly impact driver earnings positively, providing them with better returns for each trip completed.
The fare increase comes at a time when the cost of living in Kenya has been on the rise, impacting both drivers and riders. Bolt has assured its stakeholders that they remain committed to balancing the needs of its driver-partners while ensuring affordability and accessibility for riders.
Making the announcement, Linda Ndung’u, General Manager for Rides at Bolt said, “Today we have announced a 10% fare increase on our platform as we recognise the essential role our drivers play in delivering exceptional service to our customers. This fare adjustment is not just a price change but also a step towards acknowledging the value our drivers bring to the platform every day. We believe that this move will help our drivers earn a fair wage, which in turn will allow them to continue providing the reliable and safe transportation our riders depend on.”
According to Ndung’u, the company will continue to monitor the economic landscape and engage with all stakeholders to make any necessary adjustments in the future.