Porsche returns to Kenya after seven years of absence

Article by Christian A., on September 9, 2014

After seven years of absence in Kenya, Porsche has finally made its comeback as it tries to benefit from the expanding economy in the region. To stage that return, Porsche has set up a new franchise in the country, working with local partner, Multiple Group, to sell its offerings in the region.

According to Steffen Fleck, network development director for Porsche Middle East and Africa, the sports car maker conducted an analysis and found out that Kenya's micro-finance indices indicate an economy that will surge 5 percent this year.

Fleck said that analysis prompted Porsche to set up a base in Kenya. The African Development Bank expects Kenya’s economy to gain 6 percent this year, further boosting the expansion it has made in the past two decades.

Porsche already has offices in Algeria, Angola, Ghana, Egypt, Mauritius, Morocco, Nigeria, Reunion, South Africa and Tunisia. An expansion in Kenya is part of the company’s goal to top annual global sales of 200,000 cars and SUVs by 2018. Analysts, however, expects Porsche to reach that goal as early as this year.

If you liked the article, share on:

Topics: porsche

Comments

Recommended

The Chinese market will soon be getting the exclusive China-only model, Mercedes-Benz GLC-L, for a premium of 15,000 yuan ($2,300) more than the regular model. The difference is actually quite...
by - January 20, 2018
The Bentley Bentayga is set to participate in the famous Pikes Peak International Hill Climb that is slated to take place on June 24th in Colorado. The automaker’s motorsport department...
by - January 19, 2018
Infiniti will commence sales of the new 2019 Infiniti QX50 in the spring, with a starting price of $36,550. But before the big launch, Infiniti has introduced a new reservation...
by - January 18, 2018
BMW fans may be surprised with what the car manufacturer’s boss Robert Irlinger said in a recent interview with Autocar during a recent media meeting. And this is the fact...
by - January 18, 2018
Currently, there aren’t any Lexus convertibles out in the market, but it seems like it won’t be too long until we see one again. This is because Toyota’s premium brand...
by - January 18, 2018
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries