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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 
Kenya new auto sales to grow by 10 pct in 2018

NAIROBI (Xinhua) -- Kenya’s new automobile sales are projected to grow by 10 percent in 2018 compared to 2017, when the figures hit 10,722, the industry lobby said on Monday.

Rita Kavashe, Kenya Vehicle Manufacturers Association (KVMA) Chairperson, told Xinhua in Nairobi that the sales will be driven by strong economic growth that is expected this year.

“We are on course to achieve at least ten percent growth in 2018 in sales of new cars over last year,” Kavashe made the remarks during the launch of the first locally assembled vehicle to be used for Kenya’s Bus Rapid Transport System.

Kavashe said that last year, the industry was affected by political uncertainty brought about by two presidential elections in one year.

Kavashe said that about 50 percent of new car sales are locally manufactured while the rest is imported.

She added that 95 percent of cars assembled locally are commercial vehicles while the majority of new imports are personal cars.

In 2015, the industry achieved its best performance  in history, posting sales of some 15,000 units.

Kavashe said that the industry hoped to benefit from President Uhuru Kenyatta’s big four agenda that has prioritized the manufacturing sector as a key economic pillar.

According to KVMA, Kenya is currently developing an automotive policy that aims to lure more motor vehicle firms to set up in Kenya.

Kavashe noted that the East African nation had already zero rated imports on Completely Knocked Down units (CKD) in order to spur growth of the local auto industry.

She said that the automotive sector planned to take advantage of Kenya’s membership of the East African community to expand sales in the region.

She revealed that the automotive industry was also seeking additional incentives in order to make the sector globally competitive.

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EARLIER REPORT:

Kenya endorses creation of forum on regional roads management

NAIROBI (Xinhua) -- Kenya’s Cabinet on Thursday approved the establishment of a regional roads authorities forum as part of efforts to harmonize road infrastructure in the East Africa region.

The cabinet, which was chaired by President Uhuru Kenyatta, said the establishment of the Eastern Africa Regional Roads Authorities Forum (EARRAF) will provide a platform for the harmonization of road infrastructure in East Africa, especially transnational roads in terms of design, standards and costing.

“EARRAF will bring together agencies responsible for the implementation and management of road infrastructure in the region,” Kenyatta’s office said in a statement issued after the cabinet meeting in Nairobi.

It said road management bodies of countries including Kenya, Uganda and Tanzania will be brought together.

           

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