President William Ruto has announced plans by the Iranian government to set up a motor vehicle industry in Mombasa to produce indigenous Iranian motor vehicles.
Speaking after talks with his visiting Iran counterpart Sayyid Ebrahim Raisi, President Ruto expressed optimism about the project, terming it as ‘good news’ for stakeholders in Kenya’s mechanical and automotive sectors.
He said the project has already been given a Swahili name, kifaru (rhino).
“I am confident that the project will be unstoppable as the name suggests,” Ruto said.
“I have also informed President Raisi that we have eliminated taxes on the manufacture of medical equipment and pharmaceutical products…Iran to take advantage of the opportunity and set up medical facilities in Kenya.”
President Ebrahim Raisi, arrived in Kenya for his scheduled state visit early Wednesday, July 12 morning.
He was received by the Cabinet Secretary for Foreign and Diaspora Affairs, Alfred Mutua, at the Jomo Kenyatta International Airport (JKIA).
He proceeded to State House in Nairobi where he was received by President Ruto.
The two Heads of State held a bilateral meeting before holding a joint press conference at 9 am.
Kenya and Iran delegates signed five MoUs on agriculture, ICT, education, tourism and mining.
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