Market News

  • Proton Holdings, the Malaysian Car Maker Enters Kenyan Market

    Posted on :Monday , 7th September 2020

    In a welcome boost to Kenya’s industrialization and job formation pillar under the “Big Four” agenda, the carmaker released shipments totaling 30 units of CKD (Completely Knocked Down) kits.

    The vehicles will be massed by Simba Corporation (SimbaCorp), a diversified Kenyan conglomerate with a long history in the car sales and assembly i. . .

  • Kenya has Great Potential to Become East African Auto Industry Hub

    Posted on :Friday , 28th August 2020

    The automotive industry is recognized as an important contributor to Kenya’s manufacturing pillar under the Big Four agenda, which is anchored in Vision 2030, Kenya’s long-term development blueprint in which industrialization and economic transformation are crucial goals.
     

    This backdrop highly controlled the development of the National Automo. . .

  • Portugal Auto Firm Eyes Kenyan Base for Cheap Cars Factory

    Posted on :Friday , 31st July 2020

    Portugal-based auto-dealer is in conversation with a Kenyan assembler to initiate local production of low-cost Hyundai and Renault brands for sale across East Africa.

    Salvador Caetano Group said, it is in discussion with unnamed local assembler as it wants to enjoy the tax benefit that comes with assembling cars in Kenya.Kenya Vehicle Manufacturer and Associated Vehicle Assemblers have b. . .

  • Drivelectric Kenya Geares Up For Driving of Electric Vehicle in Kenya

    Posted on :Monday , 20th July 2020

    A subsidiary of Knights Energy Kenya, Drivelectric Kenya, is offering Kenyans a platform to switch to electromobility.

    Driveelectric Kenya’s set of services is tailored to take away the risks (both financial and technological) for its customers, who like in most parts of the world are new to the world of electric vehicles.

    Driveelectric caters EV Consultancy, fl. . .

  • Nissan to Launch 7 New Models in Africa to Enhance Growth

    Posted on :Wednesday , 15th July 2020

    Nissan Motor Co aims to launch seven new models in Africa over the next two years, company executives said last month, as the Japanese automaker seeks to focus on high-growth markets to try to weather the impact of the COVID-19 situation.
     

    The company released a plan last month to cut the number of models it makes globally and improve efficiency after the pandemic brought about i. . .

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