Volvo AB’s trucks division is seeking to boost market share in Kenya, Uganda and Tanzania to as much as 18 percent from about 2 percent, as the East African region’s economic growth outpaces the sub-Saharan Africa average. The Swedish maker of vehicles and construction equipment agreed to partner with Kenyan car dealer NECST Motors to set-up 20 new workshops across the region, a parts warehouse and an assembly line for Volvo trucks in Kenya’s port city of Mombasa, Volvo Trucks President Claes Nilsson said on Thursday. That followed Volvo’s announcement that it will start assembling cars in India later this year. “In all markets we want to be above 10 percent,” Nilsson said in an interview in ...
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