Truck and bus manufacturer Isuzu East Africa (Isuzu EA) has today began delivery of 400 Isuzu FTS Trucks, Buses and Double Cabs to the Government which have been leased by the National Treasury.
Speaking at the flag-off ceremony, Isuzu EA Managing Director Rita Kavashe said that this leasing arrangement will boost local manufacturing.
“We are delighted to see the Government taking the lead in the growth of local manufacturing. Through the acquisition of 400 locally assembled trucks and buses, the growth of the local vehicle assembly sector is inevitable,” said Rita.
Rita, however, said this expansion could be accelerated if more locally assembled vehicles were acquired so that there is less reliance on imported Fully Built Units (FBU).
“As much as we are delighted with this deal, we also urge the Government to do more in supporting local vehicle assembly. The benefits are numerous and the positive impact to the economy is unquestionable; from employment opportunities, increased local content requirements and opportunities for technology/skills transfer to building capacity of local service technicians and general growth of the manufacturing sector,” added Rita.
She noted that through favourable policies, local vehicle assemblers’ contribution to economic growth would rise considerably.
Presiding over the flag-off of the Isuzu vehicles, Assistant Secretary National Treasury, Mr. David Malonza, described the leasing process from Isuzu EA as smooth and timely. He similarly noted that the vehicle leased will aid the Police and Prisons Service in executing their roles.
The units being leased will be used by National Police Service and Kenya Prisons to meet their transport requirements. The leasing deal is supported by NIC Leasing and Rentco East Africa.
Steven Umidha is a data and financial journalist with over 15 years of work experience in journalism and communication.
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