Market News
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High visibility in the heart of Africa
Posted on :Thursday , 20th October 2016
Vice President M. Hamid Ansari’s tour of West Africa in end September, his second in five months, took him to Nigeria and Mali. His previous tour of North Africa covered Morocco and Tunisia. The latest tour may not have excited the national media, but it is imbued with significance for three reasons.
First, it marked the end of over a year – from M. . .Iconic Ford Mustang Ponies Up In Kenya�s Right-Hand-Drive Market
Posted on :Wednesday , 19th October 2016
Kenya is the second country in Africa after South Africa where Ford Mustangs will be available now that Ford has begun producing a right-hand drive version at its assembly plant in Flat Rock, Michigan, U.S.A.
Mark Kass, CEO of CMC Motors, said competition in the auto industry had become stiff and the Mustang is expected to position the dealership favorab. . .Incentives to attract investment in Kenya's automotive industry
Posted on :Monday , 3rd October 2016
Kenya's removal of excise duty on locally assembled cars will boost the industry, but the government must make power supplies cheaper and address other concerns to draw more investment, the automobile industry association chief said on Thursday.
With little growth in mature markets, automakers are looking to tap into emerging African markets, but there is plen. . .Kenya: Toyota Targets More Kenya Contracts After Signing Deal
Posted on :Monday , 3rd October 2016
Japanese conglomerate Toyota Tsusho Corporation is eyeing more big-ticket contracts in Kenya after signing a support deal with the government.
The Nagoya-based company, a unit of the Toyota Motor Corporation, says it is ready to undertake several projects in diverse sectors of the economy including mining and power generation.Th. . .Ethiopia: Ministry Says Govt Committed to Develop Automotive Industry
Posted on :Saturday , 24th September 2016
The Ministry of Industry said that though the metal and engineering industry is at infant stage, it is playing crucial role in building the country's economy and advancing the technological capability of the nation.
Speaking at the signing of automotive assembly partnership agreement between the local Belay Ab Motors Plc. and the Korean Car Manufacturing Compa. . .Please Select an Option
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