Headlines
- The Japanese automaker Kobe Motor Company is keen to continue investing in Tanzania
- In Tanzania, TVS Motor Unveils TVS HLX 125 with 5-Gears
- Bolt and M-KOPA Collaborate To Introduce An Electric Motorcycle Fleet in Kenya
- Tanzanian auto enthusiasts are enticed by Mercedes-Benz
- Toyota plans to set up a vehicle manufacturing plant in Kenya
- Bolt plans to launch the Bajaj Qute car to the Kenyan market
- How Africa is set to blow past the rest of the world on electric motorcycles
- Inchcape Launches Changan Auto In Kenya
- Autoexpo Kenya to be held in Nairobi in 2024
- Russian Lada cars will be manufactured in Ethiopia for the African market
Kenya Aims to Host More Automakers
Kenya is dedicated to hosting additional automotive businesses in order to promote local car production.
President William Ruto stated that the National Automotive Policy has provided a favourable atmosphere for businesses to establish themselves in Kenya. He stated that the approach has reduced sector volatility, particularly with relation to tax legislation.
"Our goal is for more assemblers to establish and run at full capacity so that we can supply Africa with competitive units," he said.
According to the President, this will result in more employment, improved skill development, and consistent mobility. He insisted that Kenya's due place among Africa's major automotive makers has arrived.
The Head of State discussed the occasion when he opened Isuzu East Africa's first-ever electro-deposition paint facility.
The KSh500 million is anticipated to expand the firm's manufacturing, boost local output, and make it more globally competitive.
Isuzu East Africa Managing Director Rita Kavashe, Trade Principal Secretary Alfred K'Ombudo, Isuzu East Africa Chairman Hiroshi Hisatomi, Deputy Chief of Mission Counsellor at the Embassy of Japan Kitagawa Yasuhisha, and others were present.
"With investments like Isuzu's, we can help Kenya return to its original vision of being the most competitive automotive nation in Africa."
The President asked investors to increase their investment in Kenya by expanding into Tier One manufacturing components. He stated that Kenya plans to fully capitalise on the huge prospects given by the automobile industry's untapped potential.
Mr Yasuhisha stated that Isuzu's investment will promote technology, knowledge, and expertise transfer. "It also promotes environmentally friendly manufacturing at a time when the world is dealing with climate change."
Isuzu East Africa has invested Ksh 1.3 billion in development and renovation over the previous four years, demonstrating its trust in Kenya as an investment destination.
Posted on : 09 Nov,2024 | News Source : adqz.co
Automart is Africa's leading directory and market news website for the automotive spare parts, automobiles and auto accessories industry | Kenya | Tanzania | Ethiopia
Exhibitions In Africa
- AUTOMECHANIKA JOHANNESBURG 2024
Johannesburg Expo Centre, South Africa - AUTOMECHANIKA DUBAI 2024
Dubai World Trade Centre, UAE