Whrn somebody said the SGR is going to double Kenya's GDP i couldn't believe it but now the product has changed my perception completely...... I can't wait for the LAPSSET too to unfold..... Maaan!! !
The SGR has improved investor confidence that Kenya can walk its talk in supporting investors, and LAPSSET is following hot on heels, that is why LAPSSET has received multiple funding and is likely to take the same speed
AT THIS RATE WE MIGHT HAVE A VERY WELL ESTABLISHED AND VIBRANT AUTOMOBILE INDUSTRY Iveco set to construct a US$ 22m assembly plant in Kenya
Mar 23, 2017
Industrial Vehicles Corporation (Iveco) which is an Italian industrial vehicle manufacturing company based in Turin, Italy, and entirely controlled by CNH Industrial Group is targeting to construct a US$ 22m assembly plant in Kenya in the Coastal city of Mombasa
The Chief Executive of Global Motors, Mr. Hussein Abadi confirmed the reports and said that they are the new local distributor of Iveco.
“We are the exclusive franchise holder for Iveco in Kenya and we are about to complete an assembly plant in Mombasa at a cost of US$ 22m.
Global Motors is expected to deal in a wide range of Iveco brands, including pick-ups, vans, buses, trucks and prime movers.
According to data from Kenya Motor Industry Association (KMI); Pick-ups, vans, buses and trucks accounted for more than 75 per cent of total annual new vehicle sales.
The return of Iveco reveals that there is an increased competition among formal dealers who are more and more focusing on the commercial vehicles segment that has emerged as the fastest-selling and most lucrative in the region.
The construction of the new assembly plant will lead to the creation of close to 500 jobs especially for the locals.
The plant will be commissioned in June this year.
Local assemblers benefit from the 25 per cent import duty waiver on imports of completely knocked down (CKD) parts, giving them a price advantage over imports of fully-built vehicles.
Static tests of the passenger locomotives underway at Nairobi South locomotive depot. The DF11 locomotive will operate at an average speed of 120Kph carrying over a thousand passengers. [HASHTAG]#SGRisreal[/HASHTAG]
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Who are these 1000 people, at kama haitasonga, why wans't I informed when they were looking for volunteers... Argh, now I have to wait till Junelike everyone else! ntse!!!
Hope I will get wind of it when they are doing the test on the rail to Mombasa with 1000 passengers
Static tests of the passenger locomotives underway at Nairobi South locomotive depot. The DF11 locomotive will operate at an average speed of 120Kph carrying over a thousand passengers. [HASHTAG]#SGRisreal[/HASHTAG]
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Who are these 1000 people, at kama haitasonga, why wans't I informed when they were looking for volunteers... Argh, now I have to wait till Junelike everyone else! ntse!!!
Hope I will get wind of it when they are doing the test on the rail to Mombasa with 1000 passengers
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