Kenya Vehicle Manufacturers announces resumption of Volkswagen cars assembly in Thika
The Kenya and Germany partnership renewal is expected to attract more investment and encourage other manufacturers to start local assembly in alignment with the government’s goal of developing the automotive sector under its industrialisation agenda.
Japan’s Samurai loans Kenya’s $169 million to boost vehicle assembly industries, energy production
Speaking on the sidelines at TICAD on Thursday, Raphael Otieno, Kenya’s director-general of debt management in the ministry of finance, said Nairobi’s debt strategy is shifting focus from short-term refinancing risks to addressing high borrowing costs.
