Car maker Mobius opens new US$3m factory in Nairobi

KENYA – Carmaker Mobius Motors has opened a new US$ million manufacturing plant in Nairobi with the firm’s Chief Operating Officer Nicolas Guibert saying during the factory’s launch that at least eight units will be produced from the Mombasa Road plant daily.

He said the company will double its workforce once the factory is fully operational.

“I would like to thank Treasury and the Ministry of Industrialization for the support they have given us as we built the design of the new car, Mobius II, and worked hard to establish this factory,” said Mr. Guibert.  

Kenya’s Industrialization Cabinet Secretary Betty Maina said that the country’s dream of a locally made car has now been realized and the Mobius factory brings to life the hope for a robust domestic vehicle manufacturing industry.

“We have a post-Brexit trade agreement with the UK, we are also negotiating one with the US. That is on top of other significant pacts such as the African Continental Free Trade Area and the East African Community agreements”

Betty Maina- Cabinet Secretary, Industrialization

The minister said that US45.5 million has been set aside to purchase locally assembled or manufactured vehicles as part of the government’s Covid-19 economic stimulus plan. 

“I believe this will inject some impetus in this important industry,” Ms Maina added.

The Cabinet Secretary added that local firms need to market their products to the international market adding that Kenya is on the verge of ratifying important bilateral and multilateral trade agreements that will open up foreign markets for the country’s goods.

“We have a post-Brexit trade agreement with the UK, we are also negotiating one with the US. That is on top of other significant pacts such as the African Continental Free Trade Area and the East African Community agreements,” she said.

Kenya Association of Manufacturers Chairman Mucai Kunyiha said an industry that creates jobs across an entire supply chain needs full government support.

He called for a stable policy environment to support the manufacturing sector in its target of contributing at least 15 per cent to the country’s gross domestic product.

Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals and insights from Africa’s business, economy and more. SUBSCRIBE

Other Recent Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.