Market News

Iranian Businesses Agree to Distribute Vehicles Exclusively in Kenya
Iranian Businesses Agree to Distribute Vehicles Exclusively in Kenya
4 August 2023

NAKURU, Kenya, - Quipbank Trust Restricted, East Africa's biggest gear imparting stage has marked an organization to Iranian car producers, Zamyad Organization and Iran's second-biggest vehicle maker, Saipa. Provincial Overseeing Overseer of the gear tenant, Paul Njeru said the plan will see th . . .

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President Ruto Expresses Kenya to Be Among Africa's Top Driving Automobile Producers
President Ruto Expresses Kenya to Be Among Africa's Top Driving Automobile Producers
4 July 2023

President William Ruto has manifested certainty that Kenya will recover its legitimate spot among Africa's top driving vehicle producers like South Africa and Morocco.President Ruto says that the public authority is focused on facilitating more car players in a bid to expand the local creation of ve . . .

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Castrol Kenya collaborates with Rubis Energy Kenya to launch a wide range of oil lubricants
Castrol Kenya collaborates with Rubis Energy Kenya to launch a wide range of oil lubricants
5 June 2023

Castrol Kanya and RUBiS Energy Kenya have teamed together to bring Castrol oil lubricants to Kenya. The oils are now accessible at approximately 260 RUBiS Energy Kenya stations around Kenya. During the alliance's debut, Ed Savage, Castrol Kenya's Country Manager, stated, "The partnership with R . . .

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The EU provides $378 million to Kenya to power its electric BRTs
The EU provides $378 million to Kenya to power its electric BRTs
25 April 2023

The European Union has provided Kenya with Ksh 50 billion ($378 million) to help with the electrification of the country's public transport infrastructure. The funding will allow Kenya to construct the infrastructure needed to improve the efficiency and cost-effectiveness of its bus rapid transit sy . . .

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Kenya to assemble 130 electric buses from China in 2023
Kenya to assemble 130 electric buses from China in 2023
29 March 2023

In 2023, Kenyan automaker Associated Vehicle Assemblers (AVA) plans to produce 130 electric buses built by Chinese automaker BYD. AVA's managing director, Matt Lloyd, stated in Nairobi, Kenya, that the company has constructed 15 BYD electric buses for the local market that were imported as a co . . .

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