Market News

Transport Cabinet Secretary James Macharia now says the much anticipated Nairobi Expressway is finally open for public use. Speaking on Saturday during the commissioning of the road ahead of the launch, CS Macharia said at least 11,000 thousand vehicles have so far been registered on the road, . . .

KEBS managing director Bernard Njiraini said the move follows the implementation of new standards meant to boost safety on the roads as well as support local assemblers who produce over 5,000 units annually."All used passenger minibus, midibus and large bus, single articulated and bi-articulated and . . .

Ghabbour Auto (GB Auto), Egypt's publicly traded auto dealer, intends to form a joint venture in Kenya to produce and market passenger automobiles. The declaration was made last week during a board meeting, according to a regulatory filing to the Egyptian Exchange (EGX). The corporation, w . . .

A historic memorandum of understanding (MoU) has been signed by twelve automobile organisations to accelerate the growth of the African automotive sector. A Memorandum of Understanding (MoU) was signed digitally between 12 Automotive Associations as part of the EU – Africa Business Forum 2022 . . .

MHH International Limited and World Navi Company Limited, two motor vehicle importers in Kenya, have formed an import finance cooperation with Stanbic Bank Kenya. With the signing of the agreement, consumers will get up to 80% financing from Stanbic Bank, with a 20% deposit paid to the importer . . .