(NAIROBI, KENYA) – Kenya’s new motor vehicle sales fell sharply in July, extending a slowdown despite lower interest rates and a stable exchange rate that have eased asset financing for buyers. Dealers sold 1,677 vehicles during the month, 235 fewer than the 1,912 units sold in June, representing a 12.3%Continue Reading
(NAIROBI, KENYA) – Ride hailing company Bolt has invested more than KES 19 billion in Kenya over the past decade, a period that has seen the platform serve over eight million riders and create income opportunities for more than 170,000 drivers and couriers. The investment amounts to approximately $147 millionContinue Reading
(NAIROBI, KENYA) – At least 10 electric vehicle manufacturers, mostly from India and China, are preparing to enter Kenya after a shared battery swap provider launched its network in the country. The move is expected to increase competition in the growing electric mobility market. The firms include China’s Afrina Neopower,Continue Reading
(NAIROBI, KENYA) – Isuzu East Africa booked revenues of KES1.49 billion ($9.6 million / £7.6 million) from the sale of 159 units of the Kipchoge Limited Edition D-Max pick-up. Production of the special model has ended after 40 months. It marks the most successful and quantifiable product marketing built onContinue Reading
(Nairobi, Kenya) – TVS Motor Company has entered the African electric mobility market with the launch of its premium electric scooter, the TVS iQube, in Nairobi. The entry into Kenya marks a significant milestone in the company’s international expansion strategy as urban commuters increasingly seek affordable, environmentally friendly transport solutionsContinue Reading
(NAIROBI, KENYA) – Car and General shares rallied by 31.3 percent during trading on the Nairobi Securities Exchange on Thursday. The diversified dealer more than tripled its interim dividend payout. The firm’s shares touched a high of KES 285 each during the day before closing at KES 242.25 per share.Continue Reading
(LONDON, UK) – Jaguar Land Rover has reported a sharp drop in sales after a fire at a parts supplier and disruption linked to the conflict in the Middle East hit the supply of new vehicles. The company is the largest car manufacturer in Britain and is owned by India’sContinue Reading
( KYIV, Ukraine ) – Retail fuel prices in Ukraine edged lower on Tuesday, 11 August, with the average cost of both petrol and diesel falling, according to data from the minfin.com.ua monitoring portal. The average price of A-95 petrol decreased by 6 kopiyok to UAH 80.99 per litre. DieselContinue Reading
(KYIV, UKRAINE) – Retail fuel prices in Ukraine continued to drift downwards at the start of the trading week, with the average cost of A-95 petrol falling by 2 kopiyok to 81.05 Ukrainian hryvnia per litre and diesel dropping by 6 kopiyok to 92.64 hryvnia per litre on 10 August.Continue Reading
(OTTAWA) – Canada has imposed sanctions on defence manufacturer Streit Group for supplying armoured vehicles and military equipment to Russia’s National Guard (Rosgvardia), the Canadian government announced on 10 August. The sanctions were enacted under Canada’s Special Economic Measures Regulations, Foreign Affairs Minister Anita Anand confirmed. The Canadian government statedContinue Reading
