Market News

The automotive industry is recognized as an important contributor to Kenya’s manufacturing pillar under the Big Four agenda, which is anchored in Vision 2030, Kenya’s long-term development blueprint in which industrialization and economic transformation are crucial goals. This backdrop high . . .

Portugal-based auto-dealer is in conversation with a Kenyan assembler to initiate local production of low-cost Hyundai and Renault brands for sale across East Africa.Salvador Caetano Group said, it is in discussion with unnamed local assembler as it wants to enjoy the tax benefit that comes with ass . . .

A subsidiary of Knights Energy Kenya, Drivelectric Kenya, is offering Kenyans a platform to switch to electromobility.Driveelectric Kenya’s set of services is tailored to take away the risks (both financial and technological) for its customers, who like in most parts of the world are new to the wo . . .

Nissan Motor Co aims to launch seven new models in Africa over the next two years, company executives said last month, as the Japanese automaker seeks to focus on high-growth markets to try to weather the impact of the COVID-19 situation. The company released a plan last month to cut the number . . .

Mahindra & Mahindra (M&M) through a partnership with Simba Corporation, which is a prominent commercial organization in Kenya, dealing in motor vehicle sales and service, recently declared the launch of its locally assembled Scorpio pick-up vehicle in Kenya. M&M mentioned in a statement that th . . .