×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

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

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
By Brian Ngugi 43 mins ago
Financial Standard
CEOs urge State relief package as Iran war drives up firms' costs
Financial Standard
National Oil goes missing in action amid another crippling fuel crisis
By Kamau Muthoni 53 mins ago
Financial Standard
Bolt fights back against Kenya's crackdown on ride-hailing apps
Work Life
Kenyans turn to advance loans as salary delays bite