Chinese auto maker Foton opens a $50 million assembly plant in Nairobi as it seeks to expand into Kenya and East Africa. Kenyan Prime Minister Raila Odinga launched the facility at a ceremony attended by a Chinese delegation led by Liu Qi, a member of the Political Bureau of the Communist Party of China Central Committee. Odinga urged auto makers to produce low-cost cars to allow more Kenyans to afford new vehicles. Prohibitive prices are responsible for consumers preferring ...
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