N e w s

Nairobi signs US$75 million transport deal with Chinese auto manufacturer

 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 management systems, the government officials said. The deal was signed by Evans Kidero, governor of Nairobi, and Foton Motor officials. According to.... Read more »

Posted on : Friday , 14th November 2014

Honda Motor : Unveils New Models in Kenya

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 middle class. The new Accord's distinctiveness is in its look as it is longer and wider and more spacious than its predecessor. "Despite the.... Read more »

Posted on : Friday , 14th November 2014

Vehicle assemblers hit record in August

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 new motor vehicle dealers. Industry players say demand is mainly being driven by counties buying fleets, school buses and focus on high capacity.... Read more »

Posted on : Friday , 31st October 2014

Sumitomo to invest in South Africa tire operations

DURBAN, South Africa—Sumitomo Rubber South Africa (Pty) Ltd. has launched about a $101 million investment plan, mainly to bolster its original equipment tire supply capabilities in the region.   Focused on the company’s South Africa manufacturing plant in Ladysmith, the plan includes initiating local production of the Sumitomo Tires' brand, range extensions and quality enhancements to the Dunlop brand.   The investment.... Read more »

Posted on : Saturday , 25th October 2014

Mobius Motors to Introduce Rugged Vehicle in Kenya

Mobius Motors is preparing to launch its first production vehicle in Kenya known as the Mobius II, a vehicle designed for the rugged roads of Africa. The automaker is funding the initiative after raising financing from Richard Parsons and Ronald Lauder's Pan-African Investment Company (PIC). The investment will help Mobius complete its first production run of 50 Mobius II vehicles, and has scheduled production of the Mobius III for.... Read more »

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