Headlines
- Autoexpo Kenya showcasing automotive equipment from around the world
- Hyundai dealer to assemble cars in Kenya
- Kenya Govt plans to exempt locally assembled cars from VAT and excise taxes
- Kenya will stop the importation of used passenger mini-buses and large buses from July 1, the Kenya Bureau of Standards (KEBS)
- Kenyan electric vehicle start-up BasiGo raises Sh488m for local assembly
- China truck manufacturer Sinotruk Eyes Assembly Plant in Tanzania
- Rwanda is turning to electric motorcycles to reduce pollutants
- Green Tech Ethiopia enters the Ethiopian electric vehicle market
- Kenya Govt Starts Mass Buying of Electric Buses for BRT Project
- Chinese firm sets up an electric vehicle assembly plant in Rwanda
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 : 23 May,2022 | News Source : www,atmrabnz.com
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
- 23rd Autoexpo Tanzania 2022
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania - 04th Autoexpo Ethiopia 2022
Millennium Hall, Addis Ababa, Ethiopia
Advertisements
