Ghabbour Auto (GB Auto), Egypt's publicly traded auto dealer, intends to form a joint venture in Kenya to produce and market passenger automobiles. The declaration was made last week during a board meeting, according to a regulatory filing to the Egyptian Exchange (EGX). The corporation, which sells automobiles, buses, lorries, and motorbikes, said that its board of directors had approved participation in the foundation of a company in.... Read more »

Posted on : Monday , 25th April 2022

A historic memorandum of understanding (MoU) has been signed by twelve automobile organisations to accelerate the growth of the African automotive sector. A Memorandum of Understanding (MoU) was signed digitally between 12 Automotive Associations as part of the EU – Africa Business Forum 2022 with the goal of boosting the growth of the African Automotive Industry. While the automotive sector is critical to Africa's industrialization,.... Read more »

Posted on : Monday , 28th March 2022

MHH International Limited and World Navi Company Limited, two motor vehicle importers in Kenya, have formed an import finance cooperation with Stanbic Bank Kenya. With the signing of the agreement, consumers will get up to 80% financing from Stanbic Bank, with a 20% deposit paid to the importers and a payment period of up to four years. "Stanbic Bank intends to make it easier for our clients to get high-quality automobiles from foreign.... Read more »

Posted on : Monday , 28th March 2022

TANZANIA National Parks Authority (TANAPA) has agreed to acquire cars and machinery from Al Mansour Auto EA Tanzania Ltd and Hughes Agricultural Tanzania Ltd for more than 15 billion. The agreement was signed yesterday at TANAPA Headquarters in Arusha by the two enterprises and the TANAPA Conservation Commissioner, William Mwakilema, revealing that the two firms had won the tender to supply the authority with cars and equipment. "The.... Read more »

Posted on : Wednesday , 23rd February 2022

Many e-mobility businesses have set up shop in Kenya to try to get electric vehicles on Kenyan roads, potentially turning the country into a regional centre for EVs. Working to alter areas such as public transit, motorbikes, and taxis, the firms want to leverage on Kenya's position as a worldwide leader in renewable energy, widespread technology adoption, and the government's support for electric cars through favourable.... Read more »

Posted on : Wednesday , 23rd February 2022

Car and General (C&G) will begin selling electric vehicles and tuk-tuks as part of a strategy to expand into the 'green' mobility market, which is projected to increase in response to efforts to combat climate change and pollution. For decades, the Nairobi Securities Exchange-listed company has sold motorbikes and three-wheelers with internal combustion engines as part of its varied activities, which also include consumer.... Read more »

Posted on : Thursday , 27th January 2022

Kenya Power claims that the country's innovative ambitions to enter into the all-electric car industry are well underway. Acting Managing Director Rosemary Oduor of the utility corporation said the government is closely monitoring the situation in order to make it easy for those who want to buy electric vehicles in the nation. "Kenya Power, the country's electrical distributor, will continue to innovate in this area. It is not only.... Read more »

Posted on : Thursday , 27th January 2022

Uber Kenya has revealed fresh ambitions to include electric motorbikes in its ridesharing service. To do this, the startup located in the United States is collaborating with electric car manufacturer Opibus. However, no timetable was provided for when the corporation plans to implement this initiative. However, the need for cleaner transportation, particularly in Kenya's expansive metropolitan centres, has increased dramatically in recent.... Read more »

Posted on : Tuesday , 28th December 2021

KPLC stated ambitions to expand its presence in the electric car industry by constructing statewide charging stations and fighting for lower import taxes on non-fuel-powered vehicles. The power distributor announced that it will establish a network of public electric car charging stations, so eliminating one of Kenya's major impediments to electric vehicle adoption. It is also negotiating with the state to reduce taxes on electric vehicles.... Read more »

Posted on : Tuesday , 28th December 2021

Agilitee Africa, a South African-based electric car manufacturer, has opened a branch in Nairobi as it aims to grow into the East African market. Mandla Lamba, the business's Chief Executive Officer, stated that the company intends to spend Sh111.2 million in its Nairobi-based subsidiary, Agilitee East Africa. "We will formally begin operations in Kenya in early December of this year. We are already selling our goods, and the reaction.... Read more »

Posted on : Friday , 26th November 2021

Franck Riester, France's Minister of Foreign Trade and Economic Attractiveness, formally presented the ecologically friendly electric automobiles developed by E-Motion Africa. E-Motion Africa was founded in 2019 with the goal of delivering an unique and easy solution to Tanzania's decarbonization dilemma by converting the diesel engine of safari vehicles into an electric motor driven by solar energy. "There is no gas emitted. It is.... Read more »

Posted on : Wednesday , 24th November 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 purchase automobiles from local assemblers as part of an.... Read more »

Posted on : Friday , 29th October 2021