Kenya gets favourable ranking on economic competitiveness
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- Category: Automotive
- Published on Tuesday, 09 September 2014 05:14
- Written by Super User
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Kenya has been ranked among the top 100 most competitive nations in the world. The Global Competitiveness Index (GCI) report 2014/15 released by World Economic Forum saw Kenya rise to 90th from its 96th ranking last year. Vision 2030 Delivery Board attributes the growth to institutional and policy reforms. Speaking in Nairobi, Vision 2030 Delivery Board Chairman James Mwangi, said the rise is a positive verification of private and public sector efforts to transform the country.
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Tata Motors to set up hub-and-spoke model abroad
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- Category: Automotive
- Published on Tuesday, 09 September 2014 05:10
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Tata Motors, country's largest automobile manufacturer by revenues, will be using the 'hub-andspoke' model in which India will be the key manufacturing base while it will have mini-hubs in overseas markets. ET has learnt that the company is adopting the hub-and-spoke manufacturing model where the company plans to set up mini-hubs in potential markets like Africa (South Africa, East Africa and North Africa), the Middle East and South East Asia.
Kenya launches new vehicle repairs code
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- Category: Automotive
- Published on Monday, 08 September 2014 12:08
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Kenya Bureau of Standard Managing Director, Charles Ongwae said last week, this is one way of helping to cut down on accidents caused by faulty repairs.
“There are many benefits in formalising the repair industry. Motorists will get value for their money and enjoy greater safety and garages will grow and employ more people which means more taxes will be raised,” he said.
Bernard Ngore, the Chair of the Kenya Motorist Repair Association (Kemra) blamed the situation on, “unethical, amateurish and negligent motor vehicle repair.”
GM Sales Gather Speed in Africa
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- Category: Automotive
- Published on Tuesday, 09 September 2014 05:02
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General Motors South Africa (GMSA) confirmed that the new Opel Adam hatchback and Mokka SUV will arrive locally in 2015. The new models form part of Opel's global product offensive which will see 27 new vehicles and 17 engines launched by 2018, and reaching a growing African market.
Mario Spangenberg, president of GM Africa, reports that the company has invested over R1.7-billion in its Africa operations in the past few years.
Porsche returns to Kenya due to expanding economy
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- Category: Automotive
- Published on Monday, 08 September 2014 12:02
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The luxury auto brand is returning to the market after seven years of absence, according to Steffen Fleck, network development director for Porsche Middle East and Africa.
Fleck said the carmaker did an “analysis and, based on Kenya’s strong micro-finance indices, which indicate the economy will register a 5 percent annual growth this year, we decided to set up a base here.”
The African Development Bank predicts an economic growth of 6% in Kenya this year, adding to the expansion that has been rolling for the past two decades, which has helped increase wealth in East Africa’s largest economy. Porsche will sell its vehicle in the region with a local partner called Multiple Group, a Kenyan transport company.
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