Market News

  • Changes in global trade dynamics shift automotive supply chain hubs to Africa

    Posted on :Wednesday , 29th September 2021

    The global trade dynamics are shifting as a result of a variety of short-term and long-term variables. The rising viability of new Arctic marine routes, the growth of new states into automotive manufacturing centres, changes in geopolitical equations, supply chain resilience, and shifting talent pools are just a few of the global variables that might influence future supply chain hubs.

    S. . .

  • Leading Auto financing company acquires ROAM Africa's online car platforms

    Posted on :Friday , 24th September 2021

    Autochek, the automotive technology business that facilitates vehicle finance across Africa, and ROAM Africa (Ringier One Africa Media) have agreed for Autochek to purchase the automotive markets Cheki Kenya and Cheki Uganda as Autochek grows deeper into the African market.

    East Africa's expanding industry is positioned as a vital car finance centre, with credit penetration in Kenya at 2. . .

  • Kenya to adopt electric cars to meet climate goals

    Posted on :Friday , 27th August 2021

    It is clear that virtually all of the world's population growth by 2050 is forecast to take place in developing countries yet thousands of cities in Africa, Asia and Latin America may stick to fossil fuel-powered vans, buses and motorcycles for decades.

    The Kenyan capital's vehicle fleet doubles every 8 years and its roughly 4.5 million inhabitants rely on minibus taxis named Matatus to . . .

  • Kenya, Tanzania Industrialists Kick Off Meeting on Market Access

    Posted on :Friday , 16th July 2021

    The East African Community (EAC) common external tariff (EAC CET) upper band rate, harmonisation of domestic taxes, harmonisation of product standards, review of the EAC Rules of Origin, and activation of the dispute settlement mechanism, according to the Kenya Association of Manufacturers (KAM) and the Confederation of Tanzania Industries (CTI).

    Mucai Kunyiha, KAM chairman, stated that . . .

  • Hyundai Motor Kenya has opened the Global Hyundai Dream Center for Automotive Training and Education.

    Posted on :Wednesday , 14th July 2021

    Hyundai Motor Company has announced the opening of its newest Hyundai Dream Center in Kenya, which is an automotive training and instructional institution. The new Dream Center is Hyundai Motor's sixth global institute, following Dream Centers in Ghana, Indonesia, Cambodia, Vietnam, the Philippines, and Peru.

    The Dream Center, which is located in the National Industrial Training Authorit. . .


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