Written by Bernard Momanyi | From Capital FM

Toyota Tsusho has announced plans to expand its vehicle assembling plant in Kenya. Toyota Tsusho CEO Jun Karube said a company team will look into the prospects of the multi-million shilling investment billed to significantly transform Kenya’s motor vehicle industry at a meeting in Kenya in April.

“We are keen to build on our investment portfolio in Kenya because of the country’s strategic position as a gateway to the East and Central African regions,” Karube said.

Karube spoke on Monday during a Kenya-Japan business forum in Tokyo that was opened by President Uhuru Kenyatta.

In 2013, Toyota Kenya opened a bus assembly plant in Changamwe – a Ksh 500 million investment that is expected to produce 40 units a month initially, rising to 200. This was the first plant of its kind opened by the Toyota subsidiary in Africa.

Speaking at the forum, Japan’s Economy, Trade and Industry Vice-Minister Shigeki Iwai lauded the robust economic partnership between Kenya and Japan.

Read more at Capital FM