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Former President Uhuru Kenyatta during a tour of the Associated VehicleAssemblers 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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