Market News

  • Kenya signs a Sh2.6 billion contract with a Chinese company for electric vehicle assembly

    Posted on :Monday , 5th August 2024

    Chinese automaker Chery plans to increase its production of electric vehicles (EVs) in Kenya by investing Sh2.62 billion.

     

    The agreement, which was signed, was a collaboration with the Kenyan company Afrigreen Automobile and calls for building an assembly manufacturing plant to generate electric cars domestically.

     

    Principal Secretary Abubakar Hassan Abubakar. . .

  • Japanese strong eyes Kenyan market for used car parts

    Posted on :Friday , 5th April 2024

    With the launch of its sale for used auto accessories and spare parts, Japanese trading company Kaiho Industry Co. Limited has its sights set on both retail and wholesale customers.

     

    As the company saw Kenya as the entry point to the larger East African used parts market, it held its first auction day in Nairobi, drawing local suppliers and dealers of automotive parts.

    &. . .

  • Nairobi unveils the Roam Move electric shuttle bus

    Posted on :Monday , 4th March 2024

    Leading provider of electric mobility solutions, Roam, has officially launched its Roam Move electric shuttle bus, starting the process of progress. In an environmentally conscious effort to transform urban mobility, the Roam Move joins the company's electric mass transit bus, the Roam Rapid, to usher in an exciting new chapter in its history.

     

    The Roam Move is a pledge to a c. . .

  • Salvador Caetano introduces the new generation Ford Raptor & Everest in the Kenyan market

    Posted on :Wednesday , 10th January 2024

    Ford Motor is the second-biggest American automaker in Kenya, and Caetano Kenya, a car dealership with Portuguese support, has stepped up its efforts to promote the sale of Ford vehicles there. This happens after a successful deal to distribute Ford cars solely in Kenya was signed.

     

    This week saw the opening of a brand-new Ford Showroom on Mombasa Road by Caetano Kenya, a grou. . .

  • How Africa is set to blow past the rest of the world on electric motorcycles

    Posted on :Friday , 22nd December 2023

    Europe is chugging along slowly but surely in the transition from noisy, polluting combustion engine motorcycles to quiet, efficient electrics. Asia has already made impressive progress, and North America is, well, making an attempt. But Africa could be poised to leap past everyone as several countries adopt ambitious plans to put millions of electric motorcycles on the roads.

    Much of Afr. . .

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