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.

February 07, 2024
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