{"id":94563,"date":"2023-06-07T17:37:40","date_gmt":"2023-06-07T17:37:40","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-keen-on-hosting-more-automotive-players-ruto"},"modified":"2023-06-07T17:46:14","modified_gmt":"2023-06-07T17:46:14","slug":"kenya-keen-on-hosting-more-automotive-players-ruto","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenya-keen-on-hosting-more-automotive-players-ruto","title":{"rendered":"Kenya keen on hosting more automotive players \u2013 Ruto"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Kenya. <\/strong><\/span>Kenya is committed to hosting more automotive players to increase the local production of vehicles. President William Ruto said the National Automotive Policy has created a conducive environment for firms to set up in Kenya.<\/p>\n<p>He noted that the policy has tamed instability in the sector, especially regarding tax laws. \u201cOur plan is for more assemblers to set up and operate at full capacity so that we can supply Africa with competitive units,\u201d he noted.<\/p>\n<p>The Head of State spoke on Wednesday when he launched the first-ever electro-deposition paint plant at the Isuzu East Africa The President said this will create more jobs, enhance skills development, and reliable mobility.<\/p>\n<p>He maintained that it was time for Kenya to claim its rightful place among Africa\u2019s leading vehicle manufacturers. It is expected that the Sh500 Million will deepen the firm\u2019s manufacturing, improve local production and make it globally competitive.<\/p>\n<p>Present were Isuzu East Africa Managing Director Rita Kavashe, Trade Principal Secretary Alfred K\u2019Ombudo, Isuzu East Africa Chairman Hiroshi Hisatomi, Deputy Chief of Mission Counsellor in the Embassy of Japan Kitagawa Yasuhisha, among others.<\/p>\n<p>\u201cWith investments like Isuzu\u2019s, we can propel Kenya back to its original vision of leading Africa\u2019s automotive competitiveness,\u201d he said.<\/p>\n<p>The President urged investors to advance their investment in Kenya by moving into the Tier One component of manufacturing. He said Kenya intends to fully exploit the immense opportunities presented in the automotive industry\u2019s untapped potential.<\/p>\n<p>Yasuhisha noted that Isuzu\u2019s investment will stimulate the transfer of technology, knowledge, and expertise. \u201cIt also furthers eco-friendly manufacturing at a time when the world is confronting climate change.\u201d<\/p>\n<p>For the last four years, Isuzu East Africa has invested Sh1.3 billion in the expansion and upgrade, sending a clear signal of its confidence in Kenya as an investment destination.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/kenya\">Kenya<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Kenya. Kenya is committed to hosting more automotive players to increase the local production of vehicles. President William Ruto said the National Automotive Policy has created a conducive environment for firms to set up in Kenya. He noted that the policy has tamed instability in the sector, especially regarding tax laws. \u201cOur plan [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":94562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[6857,7003,544],"class_list":["post-94563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kenya keen on hosting more automotive players \u2013 Ruto - kenya<\/title>\n<meta name=\"description\" content=\"Kenya is committed to hosting more automotive players to increase the local production of vehicles. 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