Market News
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Kenya's automotive industry is poised to expand throughout the continent
Posted on :Friday , 29th October 2021
The automotive sector in Kenya has seen a significant increase in local automobile sales as a result of President Uhuru Kenyatta's decree given in 2019 pushing all government departments to buy locally produced cars in an effort to further the objective of the 'Buy Kenya Build Kenya' campaign.
Under President Kenyatta's Big 4 Economic Agenda, the government put aside cash last year to pu. . .
Kenya aims to double domestic car assembly by 2025.
Posted on :Friday , 22nd October 2021
Kenya is relying on its national automotive strategy to support the sector, with plans to increase output over the next four years and reduce reliance on used imported automobiles.
The strategy, which was proposed in 2019 and was approved by the Cabinet, aims to increase the number of cars made domestically while also creating more employment in vehicle assembly.
According to Indu. . .
Changes in global trade dynamics shift automotive supply chain hubs to Africa
Posted on :Wednesday , 29th September 2021
The global trade dynamics are shifting as a result of a variety of short-term and long-term variables. The rising viability of new Arctic marine routes, the growth of new states into automotive manufacturing centres, changes in geopolitical equations, supply chain resilience, and shifting talent pools are just a few of the global variables that might influence future supply chain hubs.
S. . .
Leading Auto financing company acquires ROAM Africa's online car platforms
Posted on :Friday , 24th September 2021
Autochek, the automotive technology business that facilitates vehicle finance across Africa, and ROAM Africa (Ringier One Africa Media) have agreed for Autochek to purchase the automotive markets Cheki Kenya and Cheki Uganda as Autochek grows deeper into the African market.
East Africa's expanding industry is positioned as a vital car finance centre, with credit penetration in Kenya at 2. . .
Kenya to adopt electric cars to meet climate goals
Posted on :Friday , 27th August 2021
It is clear that virtually all of the world's population growth by 2050 is forecast to take place in developing countries yet thousands of cities in Africa, Asia and Latin America may stick to fossil fuel-powered vans, buses and motorcycles for decades.
The Kenyan capital's vehicle fleet doubles every 8 years and its roughly 4.5 million inhabitants rely on minibus taxis named Matatus to . . .Please Select an Option
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