Browsing: Toyota Tsusho Corporation

• Electric bus company, BasiGo has secured $3 million (Sh396 million) worth of equity funding from CFAO Group to scale up electric bus production in East Africa.
• The investment, split between CFAO Kenya and Mobility54, will help accelerate the scale-up of BasiGo’s manufacturing and delivery of electric buses in Kenya and Rwanda.
• CFAO Group is building e-mobility ecosystem in East Africa by investing in green mobility startups through Mobility54.

Electric bus company, BasiGo has secured $3 million (Sh396 million) worth of equity funding from CFAO Group to scale up electric bus production in East Africa. The investment, split between CFAO Kenya and Mobility54, the …

• Japan’s Toyota Tsusho Corporation will invest $5 million (KES800 million) in the Kenya Thika Vehicle Manufacturing initiative.
• A total of $93.7 million (KES 15 billion) will go towards the Meru Wind Farm Energy project, while $49.9 million (KES8 billion) will be invested in the Isiolo Solar Energy initiative.
• Japan is also readying $468.5 million (KES75 billion) for Kenya’s Menengai Geothermal Plant, as the Asian country promotes clean energy solutions.

In a move poised to reshape Kenya’s industrial landscape, Kenya and Japan have jointly announced plans to invest an estimated $617.2 million in East Africa’s largest economy, with a focus on bolstering key sectors of vehicle manufacturing and renewable energy.

This investment initiative marks a pivotal moment in the bilateral relations between Kenya and Japan, promising to unlock new opportunities for economic growth, employment for the youth, and sustainable development.

The cornerstone of this investment endeavor was laid this week with …