Toyota to set up Sh1.28bn logistics centre in Nairobi.

Auto maker Toyota is setting up a Sh1.28 billion logistics hub in Nairobi that will be used by 13 countries in sub-Saharan Africa to source vehicles directly from Japan.

Through its trading and investment arm Toyota Tsusho Corporation, the firm on Wednesday signed a memorandum of understanding with the Vision 2030 delivery board that will facilitate the establishment of the centre and support collaborations with the Kenyan government in the automobile, power and energy, petroleum and mineral resource, environmental infrastructure, agricultural industrialisation fields. Read more: www.nation.co.ke/business