Kenya Secures Financing and Agreements with Japan and Germany to Boost Local Vehicle Assembly - August 2025

Kenya has entered into agreements to support its domestic automotive sector. Japan has pledged up to Sh22 billion (25 billion yen) in Samurai Financing to boost the local vehicle assembly and parts manufacturing industry. Similarly, Kenya and Germany have renewed a cooperation agreement aimed at increasing local vehicle production and affordability. This focus on local industrialization was echoed by President William Ruto at the TICAD conference in Japan, where he urged Africa to add value to its products to foster local wealth and correct global trade imbalances.

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President Ruto calls on Africa to reform and revitalise agriculture

During the 9th Tokyo International Conference on African Development (TICAD) in Yokohama, Japan, President William Ruto urged Africa to reform and revitalize its agricultural sector to cease exporting raw materials. He emphasized the need for Africa to add value to its products, fostering industrialization and creating local wealth to correct global trade imbalances.