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1 similar Motorcycle Sale Agreement contracts
Motorcycle sale agreement pdf kenyaMotorcycle Sale Agreement • July 9th, 2023
Compare private, commercial and PSV BodaBoda insurance covers and providers. BUY Online insurance in Kenya The motorcycle market in Kenya has grown exponentially in the last 5 years owing to the increasing traffic nightmare in urban centres and the low cost for the rural areas. While a second hand vehicle goes for average KSh 500,000, a new motor bike starts from as low as KSh 90,000. All the big global motor cycle brands like Honda, TVS, Hero and Bajaj have positioned themselves to take a share of the Kenyan market. From the Kenyan Traffic Act Cap 405 motor cycles just like cars require a minimum of third party insurance to operate on Kenyan road. This is mandatory and any motorcycle found without this insurance risks court fines and jail time. This is one of the areas the now famous ‘Matiangi Rules’ was tasked to reform, the issuance of motorcycle licences and the affordability of comprehensive motorcycle insurance and NHIF medical insurance. It is estimated that there are over 700,0
