Sweden’s Volvo Group is set to invest in an assembly plant in the costal town of Mombasa in Kenya.
This is with a vision to establish in the East African regional market after building assembly plants in South Africa and Morroco in North Africa.
The firm has over 20 percent market share in Morroco and 18 percent market share in South Africa. Overall the firm has about 15 plants worldwide
The plant will be operational in the first quarter of 2018 targeting an output of 500 units per year.
This will be implemented through a partnership with NECST Motors who are already the importers of Volvo trucks in the Eastern African region.
The planned investment is expected to create approximately 300 direct jobs in addition to other indirect employment opportunities.
Volvo Trucks regional office has been opened in Nairobi which will be responsible for expanding the footprint of the brand in East Africa.