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Kenya's car market evolves despite high import taxes

CGTN English
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Kenya's car market evolves despite high import taxes
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For decades, owning a car in Kenya often meant saving for months or even years to afford a second-hand imported vehicle, mainly from Japan.That trend is rapidly changing as fintech innovations and new financing models make vehicle ownership more accessible.Digital microloans and flexible asset financing are replacing years of saving, allowing more Kenyans to purchase cars through credit and installment plans.Sales Executive at Crater Motors, Hosea Macharia, says partnerships between car dealers

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