World Moto Inc (fka FARE)

[Jeep_Guy]

Check out the quote from this article -

But with one meter estimated to cost $120, it will take a taxi-moto operator at least 45 days to raise the Rwf90,000 and at the same time pay his bank loan or compulsory Rwf5,000 to Rwf7,000 daily deposit to motorcycle owner.

Despite the fact that some taxi-moto operators are not even aware of the fact that the moto-meter will soon be introduced, motorcycle public transport co-operatives have asked for a negotiation of the price.

“We don’t have any information yet but the price is too high for a moto operator,” said Tharcien Musabyiyaremye, the chairman of Remera Taxi Moto Cooperative.

“We suggest negotiations to bring it down to, say, Rwf50,000, which is affordable if you consider the daily income of our members.”

http://www.theeastafrican.co.ke/Rwanda/News/Gadget-to-change-moto-business-in-Rwanda/-/1433218/3074460/-/nmqtgbz/-/index.html

I've always believed World Moto would have to lower the price in order to sell meters. At $60 they now have to double their sales..