Market News

Agilitee Africa, a South African-based electric car manufacturer, has opened a branch in Nairobi as it aims to grow into the East African market. Mandla Lamba, the business's Chief Executive Officer, stated that the company intends to spend Sh111.2 million in its Nairobi-based subsidiary, Agili . . .

The automotive sector in Kenya has seen a significant increase in local automobile sales as a result of President Uhuru Kenyatta's decree given in 2019 pushing all government departments to buy locally produced cars in an effort to further the objective of the 'Buy Kenya Build Kenya' campaign.Under . . .

Kenya is relying on its national automotive strategy to support the sector, with plans to increase output over the next four years and reduce reliance on used imported automobiles.The strategy, which was proposed in 2019 and was approved by the Cabinet, aims to increase the number of cars made domes . . .

The global trade dynamics are shifting as a result of a variety of short-term and long-term variables. The rising viability of new Arctic marine routes, the growth of new states into automotive manufacturing centres, changes in geopolitical equations, supply chain resilience, and shifting talent poo . . .

Autochek, the automotive technology business that facilitates vehicle finance across Africa, and ROAM Africa (Ringier One Africa Media) have agreed for Autochek to purchase the automotive markets Cheki Kenya and Cheki Uganda as Autochek grows deeper into the African market.East Africa's expanding in . . .