AFRICA - THE NEXT GROWTH MARKET

Posted on :Thursday , 24th November 2016

Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substanti. . .

Turkish Exporters Target Africa

Posted on :Wednesday , 23rd November 2016

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries.

Africa has recorded an annual growth rate of 5 percent over the last d. . .

Kenya Vehicle Manufacturers steps up assembly of Hyundai light trucks

Posted on :Wednesday , 23rd November 2016

 NAIROBI, KENYA: Kenya Vehicle Manufacturers (KVM) has stepped up the assembly of Hyundai light trucks for CICA Motors, the distributor for Kenya. To meet the demand for three and five tonne trucks.

Dubai-based auto group opens regional customer experience academy

Posted on :Tuesday , 22nd November 2016

 The opening of the first Al-Futtaim Automotive Academy in Sub Sahara Africa, is part of the Dubai based automotive firm’s strategic effort to boost its customer experience and after sales capacity in East Africa.

AAM intensifies efforts on auto sector development in Africa

Posted on :Thursday , 3rd November 2016

 Following a visit to Nigeria to advocate for a robust automotive sector, the African Association of Automotive Manufacturers, that includes Ford Motor Co., Nissan Motor Co., Toyota Motor Corp., General Motors, BMW AG and Volkswagen AG, the carmakers led other executives to Kenya to rise an auto-manufacturing attention.