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Vehicle assembling industry players bet on State incentives to shore up growth

Former President Uhuru Kenyatta during a tour of the Associated Vehicle Assemblers in Miritini, Mombasa County on December 15, 2020. [File, Standard]

The local automotive assembly sector is headed for a boom following continued government incentives, a thriving construction sector and a raft of other favourable factors.

Industry players say that the 10 per cent Central Bank of Kenya (CBK) lending rates, a strong shilling, growing agribusiness, and inter-Africa trade could aid the sector’s growth.

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