“In compliance with this [Ruto’s] directive, Kenya Customs will apply the depreciation schedule…that was adopted by the East African Community Council of Ministers,” she wrote in a memo to staff on August 29. “All staff are required to adhere to this valuation with effect from Septem...
Kenya Auto Bazaar Association and Car Imports Association of Kenya argue that suspension of payment of import taxes, including value-added tax and excise duty, will free up cash and enable dealers to order used motor vehicles in larger volumes. The large volumes of imports have the poten...
The major assembly plants are Nairobi’s Isuzu, Mombasa’s Associated Vehicle Assemblers (owned by Simba Corp), Thika’s Kenya Vehicle Manufacturers (owned by the government, DT Dobie and CMC Holdings). Sales for locally assembled vehicles rose to a record 70.6 percent of the total sales in...
Compounding the problem of used car parts shortages is the weakening of the Kenya shilling and bottlenecks in global supply chains that have in turn inflated container and shipping costs. The shilling closed trading at Sh118.70 units against the dollar on Wednesday compared to Sh113.58 in Fe...