Market News

Nissan Motor Co. Ltd. will soon begin assembly-operations in Kenya. This comes as a major boost the local administration which aims to make the country, East Africa’s hub for auto-manufacturing activities. A goal that remains very realistic due to Kenya’s strategic location in the region . . .

Michelin Tyres have partnered with CFAO, a renowned distributor of industrial products to further their interests in Africa. This joint venture will oversee the import and distribution of high-quality tyres in Kenya and Uganda. Michelin holds a 49 percent share in the new company with the remaining . . .

Car manufacturers Foton have chosen to set-aside around $2.5 million (Sh257.25 million) to reestablish their position and regain their share of the market in East African, with Kenya as its main priority due to the rapid development of its automobile sector.   “We have coordinated with . . .

The McFly.aero blockchain project is starting the set up of transportation for air taxis service in 23 cities in 13 countries. Nairobi has been recognized as one of the launch cities for this ambitious flying cars project.  This is going to be a 2 part business project, the first part being a . . .

Todt was received by Kenya Motorsports Federation (KMSF) President Phineas Kimathi upon his arrival on Monday for the 2 days visit. Kenya is competent of driving the Safari Rally back onto the World Rally Championship, says International Automobile Federation (FIA) President, Jean Todt. He further . . .