The economy grew by % in the year 2024 and is projected to reach 10% growth by 2024 as the government takes steps to enhance Kenya s economic competitiveness The Automotive industry in Kenya is primarily involved in the retail and distribution of motor vehicles
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Get PriceThe assembly of motor vehicles in Kenya grew by almost 32% from 2024 to 2024 High growth of % % and % was registered in the production of pick ups trucks and buses respectively Kenya s vehicle assembly figures are forecasted to almost double between 2024 and 2024 Policy Environment
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Get PriceAddressing a ceremony held by Mitsubishi on Tuesday Kenyan President Uhuru Kenyatta said his government will promote the development of an auto industry and nurture parts suppliers African countries are trying to develop an auto industry against the background of the African Continental Free Trade Area agreement put into force in 2024
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Get PriceAmid strong demand for automotive vehicles several domestic and foreign OEM manufacturers are planning to expand their production bases in Kenya The government of Kenya also prioritizes the automotive segment as a key revenue generator and is encouraging the flow of FDIs in the automotive industry
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Get PriceHonda Motors Co Ltd established the 2nd largest motorcycle plant in Africa in Kenya The Honda Motors Co Ltd established a new motorcycle production plant worth Kes 450 million US$ million The plant s operations began in 12 Nov 2024 with an initial capacity of 25 000 units per year
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Get PriceFollowing the already strong first half the Kenyan automotive industry in the 2024 flied over the previous record scoring one of the best year on year performance in Africa According to data released by the KMI the Kenya Motor Industry Association the total new vehicles sold in Kenya in the year had been up % from the the
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