Headlines
- 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
- Pakistani carmaker MCML has begun exporting SUVs to Africa
- Uber launches an electric bike fleet in Kenya, a first in Africa
- USA & Kenya Govt Signs Ksh.8.7 billion deal to power electric buses
- Iran strengthens Uganda-Kenya collaboration in the automotive industry
Kenya Boosts The Automotive Sector By Increasing Vehicle Exports
According to an official, Kenya plans to enhance motor vehicle exports to the East African Community (EAC) bloc in order to bolster the automotive sector.
Due to limited domestic demand for new automobiles, George Makateto, an official with the Ministry of Industry, Trade and Enterprise Development, told journalists in Nairobi that Kenya's automotive industry had a lot of unused capacity.
Kenya, Uganda, Tanzania, Rwanda, Burundi, and South Sudan are all members of the EAC. According to government data, Kenya's domestic assembly plants are currently manufacturing around 10,000 units per year, while having a capacity of 34,000.
The EAC trade bloc, according to Makateto, is a perfect market because Kenyan commodities are not subject to import taxes when they are exported within the area.
The Kenyan official disclosed that the country's automotive policy is nearing completion, and that if adopted, it will help to boost the country's auto industry.
He claims that the automobile policy promotes the industry by preventing second-hand car imports into the country.
Posted on : 19 Mar,2024 | News Source : ABNews
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
- TIRES & RUBBER 2024
Expocentr' Krasnaya Presnya Fairgrounds, Moscow, Russia - 25th Autoexpo Kenya 2024
KICC, Nairobi, Kenya - WBE - WORLD BATTERY INDUSTRY EXPO 2024
China Import and Export Fair Pazhou Complex, Guangzhou, China - IAA TRANSPORTATION 2024
Deutsche Messe Hannover, Hannover, Germany