Market News
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EAST AFRICA: BEST INVESTMENT DESTINATION IN 2019
Posted on :Friday , 8th February 2019
Report from Rand Merchant Bank (RMB) has forecasted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019.
East Africa being a performing region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI).Justifying to the report, Ethio. . .East Africa Vehicle Assembly Planning To Boost Automotive Industry
Posted on :Friday , 4th January 2019
Establishment of the Regional Automotive Industry Platform of East Africa has enhanced East African states to move towards integrated automotive market.
They instinct it will be productive for global automotive manufacturers to invest in the region in both assembly and component manufacture.The new platform (Raipea) aims to help the region save more than $2 billion in car import costs an. . .Scania East Africa Launches New Truck Range
Posted on :Thursday , 15th November 2018
Scania East Africa has launched its new truck generation becoming the second market in Africa to roll out the new truck range.The new models have been launched in phases across the globe since August 2016 revealing results of ten years of development work, billions of dollars of investments and more than 10 million kilometres of test driving.Scania is extending. . .Uber Sees Opportunity for Minibus Service in Nairobi
Posted on :Thursday , 15th November 2018
Uber Technologies may roll out a new service in Kenya to help user’s book seats on minibuses that ply the streets of the congested capital, if tests on the product in Egypt and Mexico prove successful, a company executive said on Wednesday.
Uber estimates that more than a third of Kenyans in Nairobi use the often crowded minibuses, known as matatus, as their main form of transport. . .
EAC works to Excel in Low Cost Car Assembly & manufacturing Plants in East Africa
Posted on :Friday , 28th September 2018
The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region.
This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summ. . .Please Select an Option
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