Treasury's Yatani mulls incentives for car assemblers

Workers at a Volkswagen production line at the Kenya Vehicles Manufactures (KVM) in Thika, Kiambu County. PHOTO | DIANA NGILA | NMG

The Treasury plans to effect an incentive policy that could see a reduction in costs of locally assembled vehicles targeting passenger cars.

Treasury Cabinet Secretary Ukur Yatani said the government is working on a framework to cut the cost of assembling personal cars in a bid to discourage imports.

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