Market News

It's ride-hailing, farm style. Deere & Co. is pairing up with the "Uber of tractors" in Africa and betting on a prospect where farmers summon machines with the touch of a button.The world's leading farm equipment manufacturer is supplying its tractors with startup Hello Tractor's technology, which p . . .

Toyota Kenya aims to add new models to their local assembly line. The motor vehicle manufacturer already assembles Land Cruiser pick-up trucks, Toyota Hilux locally and Hino trucks.The Managing Director of Toyota Kenya Limited, Mr Arvinder Reel said that they plan to present the new models from Apri . . .

Isuzu Motors South Africa in Port Elizabeth, a subsidiary of Isuzu Motors Limited, which, in turn, is a majority shareholder of Isuzu East Africa, has announced that they have started to export Isuzu D-MAX pick-up kits in knocked down (KD) format to an associate manufacturing facility in Kenya.This . . .

Kenya plans to endorse local content of the Automotive Sector in order to boost the industrial sector. Director of Industries, Hezekiah Okeyo, with Ministry of Trade, Industry and Cooperatives stated that the vehicle assemblers are presently greatly reliant on imports.During the Enterprise India Exp . . .

Sinopec, Chinese oil giant, has launched its lubricant brand in Kenya, making a venture into the fast-growing division of the country market. Sinopec, the Fortune 500 Government owned Corporation, is an integrated energy and chemical company with upstream, midstream and downstream operations.It is a . . .