Market News

  • EAC works to Excel in Low Cost Car Assembly & manufacturing Plants in East Africa

    Posted on :Friday , 28th September 2018

    The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region.


    This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summ. . .

  • Qatar Airways to Start direct Flights to Mombasa

    Posted on :Wednesday , 12th September 2018

    Qatar Airlines will launch direct flights to Mombasa, Kenya’s second biggest city. Expected to happen in December, the move will increase the competition for local carriers.

     
    After Nairobi, this is the second destination in Kenya to receive the service. The airlines will undertake a four times weekly flight from Doha to Mombasa. Airbus A320 will be used for thi. . .

  • Kenyan Capital Gets EkoRent's First Electric Cab Service

    Posted on :Monday , 27th August 2018

    EkoRent Africa, an electric mobility company has launched a full electric vehicle service called Nopia Ride in Nairob,i Kenya earlier this month.  "We have now launched our zero-emission electric transportation service pilot in Nairobi. We aim to increase our fleet size to around couple of hundred vehicles by the end of the year," the company says calling on Kenyans to register e. . .

  • 4 More Car Manufacturers Target East Africa for Local Auto Assembly

    Posted on :Tuesday , 17th July 2018

    Car Manufacturers are targeting East Africa to setup assembly line within the region of the continent.Simba Corp, a Kenyan company is in discussion with 4 automakers for setting up their assembly units in the country. While Chief Executive Officer of Simba Corp Adil Popat confirmed discussion with Renault of France about their assembling unit, the other car manufacturer showing interested is Ma. . .

  • Michelin and CFAO Collaborate for New Joint Venture

    Posted on :Thursday , 14th June 2018

    The French tire manufacturer, Michelin and global distribution specialist, CFAO have announced their joint venture for the import and distribution of premium quality tires in Kenya and Uganda. The agreement says CFAO holds 51% and Michelin holds 49%. No other financial terms and conditions were disclosed

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