Market News

Cars45 plans to break into African used car market, a multi-billion dollar market with its tech-enabled marketplace.In order to tap into the $45 billion Africa automotive retail sector, Cars45 has launched operations in Kenya and Ghana. The Nigerian automotive tech-enabled platform stated that plans . . .

 One of the largest used Japanese cars dealers in Kenya to finance and facilitate Kenyans to purchase second-hand vehicles from Japan.   The partnership will guarantee toyotsu customers up to 90% financing, 60 months repayment period and two months warranty for vehicles that meet the war . . .

Toyota Kenya Limited and Total Kenya have publicized that a three-month skill-based competition targeting the Jua-Kali mechanics. The competition dubbed, Total Quartz Golden Spanner Competition scheduled to run from mid-August to November 2019, will see mechanics from across the country battle it ou . . .

Kenya Power, the electricity distribution monopoly, has inked a deal with four auto dealers to supply a fleet of vehicles at Sh379 million. The partly State-owned firm, which is eyeing an improvement of its financial position revealed the amount in a tender notice.   Kenya Power acting Chief . . .

Heritage Insurance Kenya has launched the country’s first telematics motor insurance, labeled Auto Correct motor insurance. According to the Insurance Company, the service makes use of telematics capabilities together with data and analytics to promote safety and improve customer engagement. . . .