Japanese Cars to Be Sold in Naivasha at Friendly Prices in KSh, not USD, Says Ruto

 

President William Ruto has announced that Kenyans will be buying second-hand cars cheaply in Naivasha starting in April 2024. President William Ruto said Japanese cars will be auctioned in KSh. William Ruto: How Kenyans will own cheap cars Speaking on Saturday, January 13, the president said Kenyans will buy popular Japanese auction cars directly from Naivasha.  According to the president, the government has engaged a Japanese company that will set up an auction centre 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 on Saturday at Maai Mahiu, Nakuru County, where he commissioned the KSh 700 million, 90 MVA Naivasha Special Economic Zone Sub-Station. 

by  Amos Khaemba