ARGAN bought Renault’s largest spare car parts warehouses in a sale & lease-back deal

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Press releaseWednesday 02 November 2022 17h45

ARGAN bought Renault’s largest spare car parts warehouses in a sale & lease-back deal

A new milestone in ARGAN’s development has been reached in the Sens region with the acquisition of a 153,200 sq.m real estate complex dedicated to spare car parts for the Renault Group, which will now be leased for a period of 12 years as part of a sale and leaseback transaction.

The site of Villeroy inaugurated in Autumn 2006, is one of the three centers of the Parts and Accessories Logistics Department

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Motorcycles Are A Big Deal In Kenya, & Fika’s Plan To Electrify Them Is Progressing Well

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Motorcycles are a big deal in Kenya. 210,103 motorcycles were registered in 2019, bringing the total number of registered motorcycles since 1968 to over 1.6 million. Motorcycles are mainly used as public transport vehicles. These motorcycle taxis are popularly known as boda bodas. The motorcycle taxi industry is a vital segment of Kenya’s economy. These motorcycle taxi riders enable 22 million rides per day. Average daily earnings for the riders are close to 700 shillings ($6.60). Boda boda operators collect Sh980 million daily ($9.2 million) and the sector’s annual earnings are estimated at 357 billion shillings ($3.3 billion).

Despite playing

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