Market News

  • Kenya Extends the Time Limit for Imports of Used Cars

    Posted on :Monday , 1st March 2021

    The Government of Kenya has extended the time limit for imports of used cars from two years to five years as it is geared towards the promotion of locally assembled vehicles. Treasury CS Ukur Yatani, on Monday, January 25, said the government would phase out second-hand cars by 2026. Car dealers had until 2023 to import second-hand vehicles under an earlier plan unveiled in 2019.

    The new. . .

  • The German Auto Industry Doubles Down On Africa

    Posted on :Monday , 8th February 2021

    In August last year, just as the global auto industry began to spot green recovery after the worst coronavirus carnage, German carmaker Volkswagen unveiled its first vehicle assembled in Ghana, the Tiguan SUV, in the existence of Ghanaian President Nana Addo Dankwa Akufo-Addo.

    The event marked the official opening of the VW's first vehicle assembly plant in the West African country and t. . .

  • Cheki Kenya Brings in 100% Auto Financing

    Posted on :Tuesday , 12th January 2021

    Leading online auto market Cheki Kenya has launched a 100% auto finance service in partnership with major banks across the country to help ease the financial burden of car purchases in Kenya.

    Cheki Finance's 100 percent car loan service provides quick loans to buy locally and imported used vehicles and brand new cars listed on the site.

    An average of 8000 listings appear on the si. . .

  • Africa Two-Wheeler Market Overview 2025

    Posted on :Tuesday , 5th January 2021

    The African two-wheeler market is projected to grow at a CAGR of 12% by 2025, on the back of an inadequate public transport system, growing urbanisation and increasing imports of two-wheelers across the region.

    In addition, the increasing penetration of Chinese and Indian low-cost two-wheelers in the African two-wheeler market by two-wheeler importers gives customers more options, which . . .

  • Road Safety Programme Launched by NTSA in Makueni

    Posted on :Thursday , 26th November 2020

    NTSA Director General (DG) George Njao said the 'Usalama Barabarani' programme is sponsored by the European Union and is planned to run for a period of three years.

    Njao said the aim of the programme is to improve road safety in order to minimise the number of deaths caused by accidents.  

    "There is a need to strengthen road safety programmes and County Transport and Safety C. . .

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