August 3, 2020 -- InvestorsHub NewsWire -- via Seeking Alpha -- 
Aug. 3, 2020 - About: Alternet Systems, Inc. (ALYI)  By: Khyathi Dalal, SA News Editor 


 
With Alternet Systems (OTCPK:ALYI -12.1%) planning to commence manufacturing its Revolt Electric Motorcycle in Kenya in later 2020, it believes that the new manufacturing legislation will provide the company an advantage over competitors.

The new legislation will give advantage to local motorcycle manufacturing initiatives thereby making import competition more difficult in the last week.

Annual demand for motorcycles in Kenya is ~180K while in East Africa it is 680K.

Previously: Alternet Systems +10% on confirmation to enter African EV market (July 27)

 
 
SOURCE: Seeking Alpha 
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