Chinese motor vehicle dealer Foton East Africa’s multi-million shilling Nairobi assembly plant is set to be auctioned to repay debts, signalling the end of the road for the firm that entered the Kenyan market in 2011.
A public auction notice has invited bids for Foton’s 10-acre land on Old Mombasa Road where it had built a warehouse for limited vehicle assembly ahead of plans to develop a fully-fledged 10,000 units-a-year facility.
