Market News

A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago. The car, which trades under the brand name Mobius, entered the showrooms this month at a price of Sh950,000 – making . . .

Matchedje Motor, a sole national automotive company that on Thursday last week launched campaign to sell its first 100 all-terrain vehicles priced at US$19,600, is planning a second-phase expansion of its vehicle manufacturing factory to produce 100,000 vehicles annually. The company, which is curr . . .

 The Nairobi county has signed a US$75mn deal with Chinese auto manufacturer Foton Motor to buy 266 buses for the city’s metro transport system. The 62-seater buses cost US$118,000 and part of the funds allocated for the deal would be utilized to design and develop terminals and fleet ma . . .

Japanese car maker Honda Motors has unveiled new-generation high-end vehicles in the country in a bid to tap into the increasingly expanding new motor vehicle market. The vehicles include the new generation of Honda Accord 2014 and Honda Ballade 2014, targeted at buyers of the high and . . .

August recorded the highest number of vehicles assembled locally in a single month for over more than five and a half years, signalling a growing appetite for new vehicles. Provisional data show 879 vehicles were assembled in the month, upholding a trend likely to see 2014 as the strongest year for . . .