The East African Community (EAC) common external tariff (EAC CET) upper band rate, harmonisation of domestic taxes, harmonisation of product standards, review of the EAC Rules of Origin, and activation of the dispute settlement mechanism, according to the Kenya Association of Manufacturers (KAM) and the Confederation of Tanzania Industries (CTI).Mucai Kunyiha, KAM chairman, stated that addressing relevant concerns between Kenya and Tanzania will.... Read more »

Posted on : Friday , 16th July 2021

Hyundai Motor Company has announced the opening of its newest Hyundai Dream Center in Kenya, which is an automotive training and instructional institution. The new Dream Center is Hyundai Motor's sixth global institute, following Dream Centers in Ghana, Indonesia, Cambodia, Vietnam, the Philippines, and Peru.The Dream Center, which is located in the National Industrial Training Authority's (NITA) Athi River Campus in Nairobi, was inaugurated by.... Read more »

Posted on : Wednesday , 14th July 2021

PROTON Holdings Bhd hit a 98-month high in export sales in May 2021, selling 669 units.Steven Xu, Proton's worldwide sales director, stated at the start of the year that the company's objective for 2021 was to rapidly increase Proton's export sales volume. â€œDespite international restrictions and the rising cost of shipping caused by the coronavirus, we were confident of being able to meet our goals due to the sales plans of our importers.... Read more »

Posted on : Friday , 25th June 2021

Kenya and India have committed to collaborate in the fight against Covid -19, with a focus on promoting fair and affordable vaccine availability and treatment for all.CS for Foreign Affairs Amb Raychelle Omamo said they have noted the mutual desire to expand bilateral cooperation under the Kenya-India Joint Commission Framework during a joint wrap-up press briefing following a three-day visit to Kenya by India's External Affairs Minister, Dr.... Read more »

Posted on : Friday , 25th June 2021

The automotive-qualified InnoSwitchTM3-AQ flyback switcher from Power Integrations, the pioneer in high-voltage integrated circuits for energy-efficient power conversion, was launched. The IC family now includes a member rated at 900 V, allowing for more headroom in inverter, battery management, and climate control applications for 400 and 800 V electric vehicles.The InnoSwitch3-AQ family is a single IC that integrates primary and secondary.... Read more »

Posted on : Friday , 4th June 2021

The arrival of Inchcape into the motorcycle sector is expected to assist Kenya's automotive industry.Inchcape is an automotive distributor, retailer, and services firm established in the United Kingdom. Kenya (Inchcape Kenya) and Ethiopia (MOENCO) are the company's African dealerships, with Kenya serving as a centre for seven other African countries. Inchcape started as a Jaguar Land Rover dealer in Kenya in 2018 and later acquired the BMW.... Read more »

Posted on : Friday , 4th June 2021

Another epic leapfrog occurrence may be on the horizon for Africa. We've seen it before in sectors like telecommunications and fintech. After being exposed to the world of cell phones and, later, mobile money, the underserved and unbanked population jumped right in. They actually bypassed the fixed-line era and brick-and-mortar banking when better technologies and facilities became available, long before conventional telecoms and banking.... Read more »

Posted on : Wednesday , 5th May 2021

Gulf African Bank (GAB) has partnered with Toyota Kenya to provide financing to customers purchasing Hino trucks, buses, and Hilux pickup trucks.Customers will have access to up to 90% financing in the payment system, which will enable buyers to repay the loan in six years, according to GAB Managing Director Abdalla Abdulkhalik. â€œThe financing is open to everybody. Motor vehicles being purchased should not be older than seven years from.... Read more »

Posted on : Wednesday , 28th April 2021

A Memorandum of Understanding (MoU) was signed by the African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) for the financing and promotion of Africa's automotive industry.In early February, Afreximbank President Benedict Oramah and AAAM President Mike Whitfield signed a Memorandum of Understanding, paving the groundwork for a collaboration. Its aim is to improve regional automotive supply chains.... Read more »

Posted on : Tuesday , 6th April 2021

Volkswagen Mobility Solutions Rwanda unveiled a new charging station on Tuesday, March 30, thanks to a collaboration between the firm, Siemens, and Radisson Blue Hotel.The new facility, located at the Kigali Convention Centre, is the second of its kind, following the one built in the Kigali Special Economic Zone.The new station, according to Serge Kamuhinda, CEO of Volkswagen Mobility Solutions Rwanda, is a move toward more environmentally.... Read more »

Posted on : Wednesday , 31st March 2021

The CEO of the company, Dinesh Kotecha, said, "We are looking forward to the Proton Saga and indeed the Proton brand storming the Kenyan market because we believe that this is a solution that our customers have been waiting for and finally delivered."The Proton Saga is manufactured locally at the Associated Vehicle Assemblers plant in Mombasa and comes with a 5 year warranty of 150,000KM.Kotecha said the firm had signed a number of banks to make.... Read more »

Posted on : Thursday , 11th March 2021

The Government of Kenya has extended the time limit for imports of used cars from two years to five years as it is geared towards the promotion of locally assembled vehicles. Treasury CS Ukur Yatani, on Monday, January 25, said the government would phase out second-hand cars by 2026. Car dealers had until 2023 to import second-hand vehicles under an earlier plan unveiled in 2019.The new proposal will offer them the right to be out of business.... Read more »

Posted on : Monday , 1st March 2021