Market News
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E-Mobility Company in Kenya to Manufacture 1000 EVs and Set Up 300 Battery Swapping Stations
Posted on :Tuesday , 3rd October 2023
By the end of 2024, an e-mobility start-up in Kenya plans to manufacturing electric vehicles (EVs) and build hundreds of battery swapping locations in Nairobi.
Recently, ARC Ride and asset financing firm Watu Credit Limited announced their collaboration to expand Kenya's expanding e-mobility market. In Nairobi, ARC Ride manufactures electric cars and runs a Battery-as-a-Servi. . .
Kenya's Enormous Potential as an East African Vehicle Manufacturing Hub
Posted on :Friday , 1st September 2023
Kenya is strategically located between a port and enormous landlocked countries. The East African Community (EAC), which includes the Democratic Republic of the Congo (DRC) and Rwanda, has a population of little more than 300 million people.
The Great Lakes Region's fledgling socio-political stability is going to provide a significant boost to regional business in the trade b. . .
The Manufacturing Industry Is Expected to Boost Kenya's GDP by the Year 2030
Posted on :Friday , 28th July 2023
The manufacturing sector is expected to boost Kenya's Gross Domestic Product (GDP) by 15% in 2027, and 20% by 2030.
According to the finance ministry, the country's economic growth stands at 5.3per cent in 2022 and would be 6 per cent in 2023.
To accomplish this, The Ministry of Investments, Trade, and Industry is setting up suitable measures that will furt. . .
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