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Peugeot makes comeback into Kenyan market with Sh1.2b deal

PSA Group Executive Vice-President, Africa-Middle East Jean-Christophe Quémard (sitting left) and Urysia Ltd Jean Claude Muenda sign an agreement during announcement of Industrilization Agenda at State House, Nairobi. (Photo: Boniface Okendo/Standard)

Peugeot signed a Sh1.2billion deal with the Government in a deal that will see the French automaker make a return to Kenya.

The move comes barely a month after President Uhuru Kenyatta inaugurated an assembly facility in Thika for Volkswagen. The German car maker assembled 25 vehicles in its first week of operation.

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