Government Welcomes More Local Vehicle Assemblers to Boost Economy

In an effort to promote local vehicle production, Kenya is committed to hosting more automotive players.

According to President William Ruto, Kenya now enjoys a favorable business environment because of the National Automotive Policy.

He pointed out that the approach has reduced sector instability, particularly in relation to tax rules.

“Our plan is for more assemblers to set up and operate at full capacity so that we can supply Africa with competitive units,” he noted.

The Head of State spoke on Wednesday when he launched the first-ever electro-deposition paint plant at the Isuzu East Africa

It is expected that the KSh500 Million will deepen the firm’s manufacturing, improve local production and make it globally competitive.

Present were Isuzu East Africa Managing Director Rita Kavashe, Trade Principal Secretary Alfred K’Ombudo, Isuzu East Africa Chairman Hiroshi Hisatomi, Deputy Chief of Mission Counsellor in the Embassy of Japan Kitagawa Yasuhisha, among others.

“With investments like Isuzu’s, we can propel Kenya back to its original vision of leading Africa’s automotive competitiveness.”

The President urged foreign investors to increase their investments in Kenya by concentrating on Tier One manufacturing components.

The enormous opportunity afforded by the automobile industry’s latent potential, he stated, will be completely exploited by Kenya.

Mr. Yasuhisha noted that Isuzu’s investment will stimulate the transfer of technology, knowledge, and expertise.

“It also furthers eco-friendly manufacturing at a time when the world is confronting climate change.”

For the last four years, Isuzu East Africa has invested Ksh 1.3 billion in the expansion and upgrade, sending a clear signal of its confidence in Kenya as an investment destination