IN SUMMARY Due to the high costs, the countries currently import second hand machines from Germany, the United States, Japan, France among other countries, some of over eight years of use, making them not only prone to accidents but also have short life span. The East African countries have been asked to speed up the study that will enable the bloc develop its own automotive industry in order tolower importation of used cars. The bloc’s deputy secretary general Christophe Bazivamo said setting up competitive automotive sector was crucial to providing the population and the business community with affordable means of transport. Due to the high costs, the countries currently import second hand machines from Germany, the United States, Japan, France among other countries, some of over eight years of use, making them not only prone to accidents but also have short life span. The 16th summit of heads of States on February 20, 2015 had directed the EAC Council of Ministers to conduct a study on the modality for the promotion of motor vehicle assembly in the region to stop importation of used vehicles. With the study receiving technical and financial support from Japanese government, the team is supposed to present the report to the 17th Summit in February. “This exercise and the overall study is therefore crucial as it is intended to inform the EAC and potential private sector investors on policy options and modality that should be adopted to drive automotive industry to the next level,” said Mr...
EAC chief asks countries to speed up plans for regional vehicle industry
Posted on: December 7, 2016
Posted on: December 7, 2016