A Kenyan firm, Aquilastar Corporate Investment, backed by a United Arab Emirates (UAE) investor, has broken ground on a Sh19.37 billion ($150 million) electric vehicle (EV) assembly and accessories plant at KenGen’s industrial park in Olkaria, Naivasha.
Aquilastar aims to produce 50,000 EV units annually and create 13,000 direct and indirect jobs with financial backing from the UAE-based Alsayegh Group, a conglomerate with interests in technology, financial services, education, automotive, and oil and gas.
