Market News

  • Kenya Strengthens Bilateral Relations with India

    Posted on :Friday , 25th June 2021

    Kenya and India have committed to collaborate in the fight against Covid -19, with a focus on promoting fair and affordable vaccine availability and treatment for all.

    CS for Foreign Affairs Amb Raychelle Omamo said they have noted the mutual desire to expand bilateral cooperation under the Kenya-India Joint Commission Framework during a joint wrap-up press briefing following a three-day. . .

  • Inchcape Launches BMW Motorcycle Dealership in the Kenyan Market

    Posted on :Friday , 4th June 2021

    The arrival of Inchcape into the motorcycle sector is expected to assist Kenya's automotive industry.

    Inchcape is an automotive distributor, retailer, and services firm established in the United Kingdom. Kenya (Inchcape Kenya) and Ethiopia (MOENCO) are the company's African dealerships, with Kenya serving as a centre for seven other African countries. Inchcape started as a Jaguar Land Ro. . .

  • META Electric Starts Leasing BYD T3 Electric Vans In Kenya

    Posted on :Wednesday , 5th May 2021

    Another epic leapfrog occurrence may be on the horizon for Africa. We've seen it before in sectors like telecommunications and fintech. After being exposed to the world of cell phones and, later, mobile money, the underserved and unbanked population jumped right in. They actually bypassed the fixed-line era and brick-and-mortar banking when better technologies and facilities became available, l. . .

  • Toyota Kenya and Gulf African Bank Have Signed A Truck Financing Agreement

    Posted on :Wednesday , 28th April 2021

    Gulf African Bank (GAB) has partnered with Toyota Kenya to provide financing to customers purchasing Hino trucks, buses, and Hilux pickup trucks.

    Customers will have access to up to 90% financing in the payment system, which will enable buyers to repay the loan in six years, according to GAB Managing Director Abdalla Abdulkhalik. 

    “The financing is open to . . .

  • AAAM & Afreximbank have signed An Agreement to Increase Automotive Investment in Africa

    Posted on :Tuesday , 6th April 2021

    A Memorandum of Understanding (MoU) was signed by the African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) for the financing and promotion of Africa's automotive industry.

    In early February, Afreximbank President Benedict Oramah and AAAM President Mike Whitfield signed a Memorandum of Understanding, paving the groundwork for a collaborat. . .

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