Careem Enters Algeria, Dispels Yassir Acquisition Rumors
Algeria's ride-hailing scene is abuzz with rumours, but let's separate fact from fiction. TemTem, a local player, recently raised $4 million in the country's largest Series A round. Now, Careem, a major regional player, has launched operations in Algeria, set to compete with TemTem and Yassir.
Rumours have been circulating about Careem acquiring Yassir, another North African ride-hailing service. However, a Careem spokesperson has confirmed that no such acquisition has taken place. The story seems to have originated from a push notification sent by Yassir through its mobile app.
Careem, known for its ride-hailing services in the Middle East, Egypt, and Pakistan, was acquired by Uber. Yassir, on the other hand, operates in North Africa, particularly Algeria, Tunisia, and Morocco. Any negotiations or cooperation between these two companies would indeed be significant for the regional tech and mobility industry.
While rumours of a Careem-Yassir acquisition have been debunked, Algeria's ride-hailing market is heating up with Careem's entry. TemTem, Yassir, and now Careem will compete for a share of the market. For the latest updates, keep an eye on local media and specialized news sources.
