Ruto Signs Deal for KSh388 Billion Electric Vehicle Manufacturing Project
Source: Nairobi Wire
Summary
President William Ruto has announced a proposed $3 billion (Ksh388.2 billion) investment to establish a nationwide electric vehicle manufacturing and green mobility ecosystem in Kenya. Speaking on Tuesday, October 6, during the signing of a Memorandum of Understanding (MoU) between the Government of Kenya and Endelevu Enterprise Corporation, President Ruto stated that the partnership will reduce the country’s reliance on imported vehicles and fuel while boosting local employment. “For decades, Kenya has imported the fuel that runs our vehicles and the vehicles that burn that fuel. We have paid for both in hard currency. And with every shipment, we have The post Ruto Signs Deal for KSh388 Billion Electric Vehicle Manufacturing Project appeared first on Nairobi Wire.