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Kenya signs a framework agreement with Toyota Tsusho Corporation for vehicle manufacturing and renewable energy development, including a $7.7 million plant investment by Toyota.
Kenya has signed a framework agreement with Japan's Toyota Tsusho Corporation for collaboration in vehicle manufacturing and renewable energy development.
The agreement will see Toyota set up a vehicle manufacturing plant in Kenya with an initial investment of Kshs 800 million.
President William Ruto said the partnership aims to bolster Kenya's industrial sector, strengthen Kenya-Japan ties, and expand opportunities for Kenyans.
The goal is to make locally manufactured vehicles affordable and discourage the purchase of used cars.
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Kenia firma un acuerdo marco con Toyota Tsusho Corporation para la fabricación de vehículos y el desarrollo de energías renovables, incluida una inversión en planta de 7,7 millones de dólares por parte de Toyota.