Market News
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Michelin's New Joint Venture Targets Kenyan Market
Posted on :Wednesday , 18th April 2018
Michelin Tyres have partnered with CFAO, a renowned distributor of industrial products to further their interests in Africa. This joint venture will oversee the import and distribution of high-quality tyres in Kenya and Uganda. Michelin holds a 49 percent share in the new company with the remaining 51 percent in the possession of CFAO, while administration of the entity will be divided equally.. . .
Foton Turn to Automotive Market in Kenya with Sh257.2 Million Investment
Posted on :Wednesday , 18th April 2018
Car manufacturers Foton have chosen to set-aside around $2.5 million (Sh257.25 million) to reestablish their position and regain their share of the market in East African, with Kenya as its main priority due to the rapid development of its automobile sector.“We have coordinated with our dealer and partner in Mombasa with the total investment amount of up . . .Flying taxis coming soon to Nairobi.
Posted on :Friday , 9th March 2018
The McFly.aero blockchain project is starting the set up of transportation for air taxis service in 23 cities in 13 countries. Nairobi has been recognized as one of the launch cities for this ambitious flying cars project.
This is going to be a 2 part business project, the first part being a technological consortium of 12 companies that are currently developing the fundamentals . . .Kenya is capable of driving the Safari Rally back onto the WRC, Todt
Posted on :Thursday , 1st March 2018
Todt was received by Kenya Motorsports Federation (KMSF) President Phineas Kimathi upon his arrival on Monday for the 2 days visit.
Kenya is competent of driving the Safari Rally back onto the World Rally Championship, says I. . .
Volkswagen in Kenya to Double Production
Posted on :Tuesday , 16th January 2018
German automaker Volkswagen is hoping to double production and also to present another model in Kenya. VW’s South Africa chief Thomas Schaefer told President Uhuru Kenyatta at a meeting that “the firm was exploring producing a second model in Kenya, possibly a hatchback – small SUV – while doubling production of the VW Polo Vivo to at least 300 vehicles,”&nbs. . .
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