Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Volkswagen sees boost in Kenya car sales from cost of loans cap
The logo of car maker Volkswagen at the entrance to a branch in Germany. Kenya's first fully-assembled Vivo is expected to roll out of the Thika plant by December this year. PHOTO | AFP
German automaker Volkswagen says the recent regulatory cap on cost of loans could boost sales of its locally assembled cars.
The Wolfsburg-based carmaker — which plans to start local assembly of its Polo Vivo units in Kenya by the end of this year — reckons that the interest rates regulation is likely to make its cars more affordable than it would have been when the rates were free floating.
