× Digital News Videos Health & Science Opinion Education Columnists Cartoons Lifestyle Moi Cabinets Arts & Culture Ramadhan Special Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Mobius opens Sh330m factory

BUSINESS
By Lee Mwiti Mukunga | January 23rd 2021

Local carmaker Mobius Motors has opened a new Sh330 million manufacturing plant in Nairobi.

Mobius Chief Operating Officer Nicolas Guibert said on Wednesday during the factory’s launch that at least eight units will be produced from the Mombasa Road plant daily.

He said the company will double its workforce once the factory is fully operational. “I would like to thank Treasury and the Ministry of Industrialisation for the support they have given us as we built the design of the new car, Mobius II, and worked hard to establish this factory,” said Mr Guibert.  

Industrialisation Cabinet Secretary Betty Maina said Kenya’s dream of a locally made car has now been realised and the Mobius factory brings to life the hope for a robust domestic vehicle manufacturing industry.

Stimulus plan

She said Sh600 million has been set aside to purchase locally assembled or manufactured vehicles as part of the government’s Covid-19 economic stimulus plan. 

“I believe this will inject some impetus in this important industry,” Ms Maina said.

Take a quick survey and help us improve our website!

Take a survey

The CS added that local firms need to market their products to the international market. 

She said Kenya is on the verge of ratifying important bilateral and multilateral trade agreements that will open up foreign markets for the country’s goods.

“We have a post-Brexit trade agreement with the UK, we are also negotiating one with the US. That is on top of other significant pacts such as the African Continental Free Trade Area and the East African Community agreements,” she said.

Kenya Association of Manufacturers Chairman Mucai Kunyiha said an industry that creates jobs across an entire supply chain needs full government support.

He called for a stable policy environment to support the manufacturing sector in its target of contributing at least 15 per cent to the country’s gross domestic product.

Share this story
Minority group endorses BBI report
The leaders urged the public to read the document for themselves and refrain from listening to critics of the report.
Gideon crowned Kalenjin elder
Baringo senator said he is a servant of the people who has been tasked and trusted with duty to lead society.
.
RECOMMENDED NEWS

Feedback