Market News
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East Africa: Isuzu Buys 57.7 Percent Stake in General Motors East Africa
Posted on :Friday , 3rd March 2017
Japanese automaker Isuzu Motors Limited has bought out General Motors’ 57.7 per cent stake in General Motors East Africa (GMEA) for an undisclosed sum.
The transaction will see the motor dealer change its name to Isuzu East Africa in April to reflect the change of control.Most of the dealer’s sales are bus, pick-ups and tr. . .East Africa: EAC Looking to Assemble Vehicles Locally, Imports to be Hit Hard
Posted on :Friday , 17th February 2017
A strategy to promote local assembling of vehicles in East African countries may see Uganda lose heavily in customs duties collected daily.
According to Uganda Revenue Authority (URA) statistics every day Uganda imports about 100 vehicles from countries such as Japan, Germany, UK and United Arab Emirates.The records mean every month U. . .Kenya: Jaguar Sees Higher Demand Despite Drop in New Luxury Car Sales
Posted on :Friday , 10th February 2017
New luxury car sales dropped 30.3 per cent last year, with Jaguar being the only model to register higher demand among Kenyan dealers.
Luxury car traders sold 285 units of the high-end vehicles in the year, down from a peak of 409 units recorded in 2015, according to data from the Kenya Motor Industry Association (KMI).Orders for Jaguars, sold by RMA Kenya, d. . .Kenya: France Overtakes Japan to Become Kenya's Second-Largest Bilateral Creditor
Posted on :Wednesday , 8th February 2017
Nairobi — France has overtaken Japan as Kenya's second-largest bilateral creditor accounting for 2 percent of external debt.
France has extended credit in the form of concessional Treasury loans and credit-export guarantee to a tune of Sh78 billion.French Minister for the Economy and Finance Michael Sapin said France will contin. . .Expogroup Wins Big at the Tanzania Leadership Awards 2016
Posted on :Friday , 3rd February 2017
On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees.
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Expogroup
Expogroup is a full service exhibition organiser with over 29 years experience in International trade exhibitions. Our current portfolio includes 28 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.
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