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 deal was a purchase or a leasing plan.   It was also not.... Read more »

Posted on : Monday , 9th September 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 and processing driving data. The device collects and transmits.... Read more »

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 transportation of goods and people. Nahashon Kiarie is a motorbike taxi.... Read more »

Posted on : Wednesday , 7th August 2019

The 22nd Autoexpo Africa is being held in Kenya at the KICC Nairobi, from the 18th to the 20th of July 2019. East Africa’s premier Automotive Spareparts Accessories and Equipment fair features exhibitors from over 30 countries who are the leaders in the automotive industry will be showcasing their products, services and equipment. Celebrating its 22nd anniversary, the leading trade exhibition for automobile, truck and bus parts,.... Read more »

Posted on : Wednesday , 17th July 2019

 Robert Bosch East Africa Ltd to participate as a prime exhibitor at one of the biggest exhibitions held in Africa. It’s been 21 years, AUTOEXPO Africa has been chosen by global manufacturers and exporters as the precise platform to enter the market of the millennium Africa.    Robert Bosch is repute in the automotive industry. The company has everything one car needs: high- quality spare parts and components for almost.... Read more »

Posted on : Friday , 21st June 2019

Mobikey Truck And Bus Ltd has signed up as gold sponsors at the most awaited event in Kenya “22nd AUTOEXPO”, in order to explore and expand its magnificent foot holes in Africa market.   By choosing Mobikey Kenya as business partner, you’re switching it up a gear in terms of transport capacity and putting the break on the costs. Mobikey deliver the strongest solution.   An enterprise of JAP Group, with more than.... Read more »

Posted on : Wednesday , 19th June 2019

It was a comfort for importers of second hand vehicles after the government discontinued plans to cap the age limit for imported second-hand cars at 5 years from the present 8.   While showing up before the Trade and Industries board of the National Assembly, Trade CS Peter Munya the cap was a proposition. “It is still in its draft structure and yet to undergo public participation,” said CS Munya. This was after the.... Read more »

Posted on : Friday , 14th June 2019

Equity Bank and Toyota Kenya Limited clients would now be able to access up to 95% financing payable within 60 months on the single cab Hilux pickups. This follows a partnership agreement signed between Equity Bank and Toyota Kenya that will see the two organizations capitalize businesses and people keen to grow but are frequently because of absence of enough capital.   Talking at the launch function, Equity Bank Kenya Managing Director,.... Read more »

Posted on : Wednesday , 12th June 2019

German car maker, Volkswagen (VW), taking a bet on the upward trajectory of car ownership, last year launched a US$20 million car assembly plant in Kigali, the capital of Rwanda in an expansion drive across Africa.  Quickly after, VW also launched its robust mobility service, Move, with a new business model that has it controlling the entire value chain from providing its own cars to its own drivers. With its ride sharing and ride hailing.... Read more »

Posted on : Wednesday , 29th May 2019

A struggling economy, political uncertainty, fragile consumer confidence, mounting pressure on disposable income, and diminished purchasing power as a result of higher interest rates and fuel price hikes, have all taken their toll on domestic new vehicle sales in South Africa. However, it’s not all doom and gloom for the automotive sector. According to the latest new vehicle sales statistics released by the National Association of.... Read more »

Posted on : Wednesday , 29th May 2019

Reginald Mengi an industrialist based in Dar-es-Salaam signed a deal with a South Korean firm to set up a vehicle assembly plant in the country. The $10 million deal between Youngsan Glonet Corporation and Mengi’s IPP Automobile Company Ltd will make it the second  vehicle assembly plant in Tanzania. The other one is a Polish tractor assembly plant at Kibaha called Ursus. Mr. Mengi, the IPP group executive chairman, also shows immense.... Read more »

Posted on : Tuesday , 30th April 2019

The competition for affordable and decent modes of transport continues as the digital startup Voltic Africa plans to introduce a booking App that allows commuters book bus tickets to and from the Nairobi Central Business District in the next 18 months. The announcement comes a month after the organization launched a bus booking App I-abiri where travellers can book up to 10,000 bus routes across East Africa. Chief Executive Officer Voltic.... Read more »

Posted on : Wednesday , 24th April 2019