Market News

  • 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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  • Kenya Power Signs Sh379m Cars Agreement

    Posted on :Monday , 9th September 2019

    Kenya Power, the electricity distribution monopoly, has inked a deal with four auto dealers to supply a fleet of vehicles at Sh379 million. The partly State-owned firm, which is eyeing an improvement of its financial position revealed the amount in a tender notice.

     
    Kenya Power acting Chief Executive Jared Othieno did not respond to queries on whether the vehicles de. . .

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