Market News
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General Motors East Africa is now Isuzu East Africa
Posted on :Friday , 11th August 2017
The change of name took effect from 1st August, 2017 after attaining the required regulatory approvals.
Speaking at Isuzu East Africa offices, Isuzu East Africa Managing Director, Rita Kavashe, noted that the change is a continuation of the vision the management and board of the company had for 40 years now.“Over the last . . .Kenya: Uber Increases Fares After Driver Protests
Posted on :Friday , 17th March 2017
Uber has bowed to pressure from partner drivers who have been demanding a review its rates amidst increasing competition in the ride-sharing sector.
Uber Kenya has increased fare prices by raising the minimum fare to Sh300 from previous Sh200 in Nairobi and fare per kilometer from Sh35 to Sh42. This is the first time Uber is increasing its price after a series of fa. . .Kenya: Nairobi-Mombasa Journey to Take Four and Half Hours by SGR
Posted on :Monday , 13th March 2017
At least 20 engineers are testing the standard gauge railway in readiness for the commissioning of train operations in July.
On Wednesday, the train arrived at the Port Reitz station from Nairobi, with engineers saying the trains would travel at 120 kilometres per hour."The train took two hours between Nairobi and Mtito Andei bec. . .East Africa: Isuzu Buys 57.7 Percent Stake in General Motors East Africa
Posted on :Friday , 3rd March 2017
Japanese automaker Isuzu Motors Limited has bought out General Motors’ 57.7 per cent stake in General Motors East Africa (GMEA) for an undisclosed sum.
The transaction will see the motor dealer change its name to Isuzu East Africa in April to reflect the change of control.Most of the dealer’s sales are bus, pick-ups and tr. . .East Africa: EAC Looking to Assemble Vehicles Locally, Imports to be Hit Hard
Posted on :Friday , 17th February 2017
A strategy to promote local assembling of vehicles in East African countries may see Uganda lose heavily in customs duties collected daily.
According to Uganda Revenue Authority (URA) statistics every day Uganda imports about 100 vehicles from countries such as Japan, Germany, UK and United Arab Emirates.The records mean every month U. . .Please Select an Option
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