Market News

Uber Technologies may roll out a new service in Kenya to help user’s book seats on minibuses that ply the streets of the congested capital, if tests on the product in Egypt and Mexico prove successful, a company executive said on Wednesday. Uber estimates that more than a third of Kenyans in . . .

The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region. This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matter . . .

Qatar Airlines will launch direct flights to Mombasa, Kenya’s second biggest city. Expected to happen in December, the move will increase the competition for local carriers.   After Nairobi, this is the second destination in Kenya to receive the service. The airlines will undertake a fo . . .

EkoRent Africa, an electric mobility company has launched a full electric vehicle service called Nopia Ride in Nairob,i Kenya earlier this month.  "We have now launched our zero-emission electric transportation service pilot in Nairobi. We aim to increase our fleet size to around couple of hund . . .

Car Manufacturers are targeting East Africa to setup assembly line within the region of the continent.Simba Corp, a Kenyan company is in discussion with 4 automakers for setting up their assembly units in the country. While Chief Executive Officer of Simba Corp Adil Popat confirmed discussion with R . . .