Sunday, January 14, 2024 - President William Ruto has announced that from April this year, Kenyans will be buying second-hand cars in Naivasha at a cheaper price than in Japan.
Speaking
on Saturday, Ruto said Kenyans will be buying their popular cars in Naivasha in Kenyan Shillings instead of the dollar.
According to the
president, the government has engaged a Japanese company that will set up an
auction center for second-hand cars at the Naivasha Special Economic Zone.
"The car auction that people used to go to in Japan will be happening here in Naivasha. We have agreed with that company that, starting in April of this year, you will get a whole bunch of cars.
"And instead of buying those other cars, you're asked
for dollars; now the cars will be sold here in KSh. Get prepared; you can sell
cows and goats to buy cars. And the market will not only be for Kenya; it will
also be for East Africa," Ruto said.
The head of state said
his Kenya Kwanza administration will equip the Special Economic Zones with the
necessary facilities to attract investors.
Ruto made the
remarks at Maai Mahiu, Nakuru County, where he commissioned the Sh 700 million,
90 MVA Naivasha Special Economic Zone Sub-Station.
The Kenyan DAILY POST
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