Market News

The Government of Kenya has extended the time limit for imports of used cars from two years to five years as it is geared towards the promotion of locally assembled vehicles. Treasury CS Ukur Yatani, on Monday, January 25, said the government would phase out second-hand cars by 2026. Car dealers had . . .

In August last year, just as the global auto industry began to spot green recovery after the worst coronavirus carnage, German carmaker Volkswagen unveiled its first vehicle assembled in Ghana, the Tiguan SUV, in the existence of Ghanaian President Nana Addo Dankwa Akufo-Addo.The event marked the of . . .

Leading online auto market Cheki Kenya has launched a 100% auto finance service in partnership with major banks across the country to help ease the financial burden of car purchases in Kenya.Cheki Finance's 100 percent car loan service provides quick loans to buy locally and imported used vehicles a . . .

The African two-wheeler market is projected to grow at a CAGR of 12% by 2025, on the back of an inadequate public transport system, growing urbanisation and increasing imports of two-wheelers across the region.In addition, the increasing penetration of Chinese and Indian low-cost two-wheelers in the . . .

NTSA Director General (DG) George Njao said the 'Usalama Barabarani' programme is sponsored by the European Union and is planned to run for a period of three years.Njao said the aim of the programme is to improve road safety in order to minimise the number of deaths caused by accidents.  "There . . .