Kenya is all set to become a topmost vehicle manufacturing giant, if the high potential undertaken by President Uhuru Kenyatta’s administration to energies the automotive industry results into action. Global car maker Nissan has announced investment plans of Sh2 billion in a local assembly line, a move that will make Kenya only the 21st country where the company manufactures its vehicles.   Along with global vehicle makers who have.... Read more »

Posted on : Friday , 22nd March 2019

The FDI promotion and Technology Transfer Affairs Directorate General of the MoFA took part in the U.S.-Africa Trade and Investment Forum organised by the Corporate Council on Africa (CCA) and the U.S. Mission to the African Union in Addis Ababa On February 12, 2019.   In order to examine ways to advance private sector-led economic growth in Africa, the event brought together the African and U.S. private sector, African heads of state,.... Read more »

Posted on : Friday , 22nd March 2019

The expected rapid transit train service between Nairobi CBD and the Jomo Kenyatta International Airport is among projects proposed to feature conspicuously when President Kenyatta hosts French President Emmanuel Macron in Nairobi mid next month.   French Ambassador Aline Kuster- Manager confirmed that the French President will visit the country when she paid a courtesy call on President Uhuru Kenyatta at State House,.... Read more »

Posted on : Wednesday , 20th February 2019

Mombasa government brings out a major milestone as the county launches electronic vehicle parking (e-parking) to raise revenue collection. This is the commencement of a journey that will watch the Governor Hassan Joho-led administration digitise services in all its 10 departments.The automation of parking fees collection will promote efficiency and stanch revenue leaks, said Finance executive Mariam Mbaruk.  Adding on to it she said,.... Read more »

Posted on : Tuesday , 19th February 2019

Report from Rand Merchant Bank (RMB) has forecasted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019.  East Africa being a performing region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI).   Justifying to the report, Ethiopia being Africa’s fastest-growing economy, has successfully emerged to.... Read more »

Posted on : Friday , 8th February 2019

Establishment of the Regional Automotive Industry Platform of East Africa has enhanced East African states to move towards integrated automotive market. They instinct it will be productive for global automotive manufacturers to invest in the region in both assembly and component manufacture.The new platform (Raipea) aims to help the region save more than $2 billion in car import costs annually. At their 19th Ordinary Meeting held in Kampala.... Read more »

Posted on : Friday , 4th January 2019

Scania East Africa has launched its new truck generation becoming the second market in Africa to roll out the new truck range.  The new models have been launched in phases across the globe since August 2016 revealing results of ten years of development work, billions of dollars of investments and more than 10 million kilometres of test driving. Scania is extending its offering by customising trucks for each type of customer in the highly.... Read more »

Posted on : Thursday , 15th November 2018

Uber Technologies may roll out a new service in Kenya to help user’s book seats on minibuses that ply the streets of the congested capital, if tests on the product in Egypt and Mexico prove successful, a company executive said on Wednesday. Uber estimates that more than a third of Kenyans in Nairobi use the often crowded minibuses, known as matatus, as their main form of transport around the city, Uber’s East Africa General Manager.... Read more »

Posted on : Thursday , 15th November 2018

Volkswagen is considering a component assembly plant in Ethiopia, in addition to the two recently announced assembly plants in Ghana and Nigeria. The foray into Africa represents a growth opportunity for the car maker in light of the expected recovery of the continent’s economies recently hit by the downturn in commodities. According to the Export-Import Bank’s Africa Trade Report 2018, African economies will grow by 4.1 per cent.... Read more »

Posted on : Wednesday , 10th October 2018

The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region. This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summit. Among the items on the agenda were the consideration of the:.... Read more »

Posted on : Friday , 28th September 2018

Tanzania offers many opportunities and the 21st Autoexpo Africa scheduled for November 2018 in Dar es Salaam is one of the mainstream avenues for marketing a global brand like Hyundai to the East African region. The company is preparing to introduce new products and is working on expanding its portfolio of vehicles to cater to the next generation car owner. Hyundai believes that people’s expectation toward individual mobility requires more.... Read more »

Posted on : Saturday , 22nd September 2018

Qatar Airlines will launch direct flights to Mombasa, Kenya’s second biggest city. Expected to happen in December, the move will increase the competition for local carriers.   After Nairobi, this is the second destination in Kenya to receive the service. The airlines will undertake a four times weekly flight from Doha to Mombasa. Airbus A320 will be used for this operation, with 12 business class seats and 120 economy class seats..... Read more »

Posted on : Wednesday , 12th September 2018