Money Markets
Toyota assembly heralds shake-up in market
Toyota East Africa show room in Nairobi: The automaker is planning an assembly plant in Nairobi, a move that is expected to shake up the industry in the region. Photo/FREDRICK ONYANGO
By WANGUI MAINA
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Posted Tuesday, March 16 2010 at 00:00
Posted Tuesday, March 16 2010 at 00:00
The increased demand for larger buses in the public service has seen increased business for these companies over the years.
General Motors East Africa has attributed its growth in market share last year to the demand in PSVs and believes this will continue to be the driving factor this year.
In a bid to tap into this market, CMC plans to invest in its own assembly plant in Changamwe, Mombasa.
The announcement was made early last year.
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