Market News

  • NIC Bank Have Inked A Deal with Toyotsu Auto Kenya Limited for Used Cars

    Posted on :Tuesday , 17th September 2019

     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 warranty criteria with an option to extend to one year at a small fee.
  • Toyota Kenya Partnered With Total Kenya to Promote - Kali Sector

    Posted on :Monday , 9th September 2019

    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 out for the grand prize of a brand-new Toyota Hilux single cab pickup valued at Sh3 million.

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  • Kenya Power Signs Sh379m Cars Agreement

    Posted on :Monday , 9th September 2019

    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 Executive Jared Othieno did not respond to queries on whether the vehicles de. . .

  • Heritage Insurance Kenya Introduces First Telematics Motor Insurance in Kenya

    Posted on :Wednesday , 7th August 2019

    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.

    The business is powered by telematics technology – a method of capturing a. . .

  • Kenya’s Growing Motorbike Taxi Industry Lifts Backward Economies

    Posted on :Wednesday , 7th August 2019

     A booming motorbike transport industry in Kenya has lifted economies of various rural and urban centers, with the machines imported mainly from China changing the destiny of many. Across rural Kenya, economies of most of the regions now whirl around the motorbikes.

    It is a similar case in many urban areas where motorbikes have helped upgrade 24-hour economy and ease tran. . .


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