Car Importers Association of Kenya chairman Peter Otieno says the prices of secondhand vehicle spare parts are unlikely to drop in the coming months so long as the shilling will continue to lose value against the dollar. “Since second-hand vehicle parts also are imported in dollars, whe...
“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 Sept...
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“At present, it is extremely difficult to secure space for vessels; one of the main reasons is the resumption of the economy due to the coronavirus,” Japanese biggest vehicle importer to Kenya SBT Company Limited said. The scarcity of vessels could cause the prices of vehicles as well ...
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 United Kingdom has made an official complaint over the higher import duty Kenya charged on some of its products, a senior government official has revealed.In line with the East Africa Community (EAC) Customs Union, Kenya applied a tariff of 35 percent on imported whiskies from the UK...
In contrast, a McKinsey and Company report on electric transport transition in sub-Saharan Africa reveals that the number of vehicles in the six countries (South Africa, Kenya, Rwanda, Uganda, Ethiopia, and Nigeria) that commands 70 percent of the region’s annual vehicle sales is on the ...
Used car prices in Kenya have jumped by an average 37 percent over the past six months as demand outstrips supply globally on production cuts.