Market News

  • Kenya to promote automotive sector

    Posted on :Monday , 6th January 2020

    Kenya plans to endorse local content of the Automotive Sector in order to boost the industrial sector. Director of Industries, Hezekiah Okeyo, with Ministry of Trade, Industry and Cooperatives stated that the vehicle assemblers are presently greatly reliant on imports.

    During the Enterprise India Expo Okeyo said, we will guarantee that as much as possible the local automotive sector uses . . .

  • Sinopec lubricants enters Kenyan market

    Posted on :Thursday , 12th December 2019

    Sinopec, Chinese oil giant, has launched its lubricant brand in Kenya, making a venture into the fast-growing division of the country market. Sinopec, the Fortune 500 Government owned Corporation, is an integrated energy and chemical company with upstream, midstream and downstream operations.

    It is a widely listed company in New York, Hong Kong, London and Shanghai Stock Exchanges. Sinope. . .

  • Cars45 expands into Ghana and Kenya multi-billion dollar African used car market

    Posted on :Thursday , 12th December 2019

    Cars45 plans to break into African used car market, a multi-billion dollar market with its tech-enabled marketplace.

    In order to tap into the $45 billion Africa automotive retail sector, Cars45 has launched operations in Kenya and Ghana. The Nigerian automotive tech-enabled platform stated that plans are at top gear to upsurge its footprint in the countries by inaugurating centers across . . .

  • NIC Bank Have Inked A Deal with Toyotsu Auto Kenya Limited for Used Cars

    Posted on :Tuesday , 17th September 2019

     One of the largest used Japanese cars dealers in Kenya to finance and facilitate Kenyans to purchase second-hand vehicles from Japan.

     
    The partnership will guarantee toyotsu customers up to 90% financing, 60 months repayment period and two months warranty for vehicles that meet the warranty criteria with an option to extend to one year at a small fee.
  • Toyota Kenya Partnered With Total Kenya to Promote - Kali Sector

    Posted on :Monday , 9th September 2019

    Toyota Kenya Limited and Total Kenya have publicized that a three-month skill-based competition targeting the Jua-Kali mechanics. The competition dubbed, Total Quartz Golden Spanner Competition scheduled to run from mid-August to November 2019, will see mechanics from across the country battle it out for the grand prize of a brand-new Toyota Hilux single cab pickup valued at Sh3 million.

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