New Car Sales Plunged 20 Percent In Kenya

New vehicle sales in Kenya dropped 20.78% in 2017, hit by a sluggish economy, a prolonged presidential election and an interest rate cap, the umbrella body for the industry said on Wednesday. Global car-makers such as Volkswagen have been investing in vehicle assembly in the East African nation in recent years, attracted by its long ...
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Volkswagen To Launch Rwanda Car Assembly In May

Germany’s Volkswagen AG said on Thursday it would start assembling three vehicle models at a new plant in Rwanda in May for local sale and use in its own new ride-sharing service. The company said it planned to spend $20 million to start developing the assembly plant and ride-hailing service – part of a push ...
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Volkswagen To Build Car Assembly Plant In Rwanda

The New Times Automobile manufacturer Volkswagen (VW) and the Government of Rwanda are set to sign an agreement today that will see the former set up an assembly plant in Rwanda to start making environment-friendly cars. Information from the Rwanda Development Board (RDB) indicates that the board’s Chief Executive Officer, Francis Gatare, and the Chief ...
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Kenya’s Mobius Motors To Boost Production With New Model

Kenya’s Mobius Motors, which pioneered production of a stripped down car model for African roads, the Mobius, plans to boost production next year with its new Mobius II, it said on Tuesday. Automakers such as Volkswagen AG are looking to tap into emerging African markets. The German carmaker said in September it would resume production ...
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