Market News

Equity Bank Partners with Toyota Kenya to Capitalize Clients
Equity Bank Partners with Toyota Kenya to Capitalize Clients
12 June 2019

Equity Bank and Toyota Kenya Limited clients would now be able to access up to 95% financing payable within 60 months on the single cab Hilux pickups. This follows a partnership agreement signed between Equity Bank and Toyota Kenya that will see the two organizations capitalize businesses and people . . .

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Volkswagen To Recover Investment in Rwanda
Volkswagen To Recover Investment in Rwanda
29 May 2019

German car maker, Volkswagen (VW), taking a bet on the upward trajectory of car ownership, last year launched a US$20 million car assembly plant in Kigali, the capital of Rwanda in an expansion drive across Africa.  Quickly after, VW also launched its robust mobility service, Move, with a new . . .

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African Car Sales Experiences An Exceptional Raise
African Car Sales Experiences An Exceptional Raise
29 May 2019

A struggling economy, political uncertainty, fragile consumer confidence, mounting pressure on disposable income, and diminished purchasing power as a result of higher interest rates and fuel price hikes, have all taken their toll on domestic new vehicle sales in South Africa. However, it’s no . . .

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Voltic Africa Plans to comfort Public Transport by Introducing Bus Booking App
Voltic Africa Plans to comfort Public Transport by Introducing Bus Booking App
24 April 2019

The competition for affordable and decent modes of transport continues as the digital startup Voltic Africa plans to introduce a booking App that allows commuters book bus tickets to and from the Nairobi Central Business District in the next 18 months. The announcement comes a month after the org . . .

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ROBUST LOCAL VEHICLE ASSEMBLY SECTOR WILL ENABLE KENYA TO INCREASE EXPORTS
ROBUST LOCAL VEHICLE ASSEMBLY SECTOR WILL ENABLE KENYA TO INCREASE EXPORTS
23 April 2019

Kenya is planning to develop a policy that will boost motor vehicle exports to East African countries. Mr. Stephen Odua the director of private sector development at the Ministry of Industry, Trade and Cooperatives told journalists in Nairobi that all relevant stakeholders are currently reviewing t . . .

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