Market News
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East Africa Reviews Big Car Plant
Posted on :Friday , 4th March 2016
Arusha — Foreign-manufactured motor vehicles, mostly used in Tanzania and East Africa, may be compelled to set up assembling plants in the region as leaders mull reducing importation of cars from overseas.
The new strategy mulled by the EAC Heads of State might lead to automobile manufacturers specialising in such popular and fast selling brands as Toyota, Nis. . .Multi-million assembly plant to be constructed in Kenya by Ashok Leyland
Posted on :Thursday , 18th February 2016
Ashok Leyland which is the second largest commercial vehicle manufacturer in India and fourth largest manufacturer of buses in the world is planning to construct a US$ 5m assembly plant in Kenya that will help in the expansion of the commercial vehicle market.
The company’s Chief Financial Officer, Mr. Gopal Mahadevan confirmed the reports and said that they a. . .Africa's first solar powered bus unveiled at Uganda
Posted on :Thursday , 18th February 2016
As a child, Ugandan Paul Isaac Musasizi always had busy hands. He regularly pulled apart the family television, and used motors from old cassette players to make toy cars.
Now, in his mid-thirties, he's the CEO of technology company Kiira Motors Corporation and the brains behind Africa's first solar-powered electric bus which makes its debut on February 16.<. . .Upcoming High-Speed Rail Will Be an Economic Boost to Kenya
Posted on :Wednesday , 6th January 2016
With the laying of rail tracks set to be complete by December, the completion of the Standard Gauge Railway is going to be one of the big stories this year. The modern railway is expected to open to first commercial traffic in June 2017.
Transport CS James Macharia is already sounding optimistic, lauding the progress made so far and noting that big impact on the eco. . .China Keen to Boost Cooperation With East Africa in Infrastructure
Posted on :Wednesday , 6th January 2016
Chinese Vice Foreign Minister Zhang Ming said Tuesday China is keen to strengthen cooperation with Ethiopia in the infrastructure development and transportation sector. Zhang made the remarks after he visited the Addis Ababa Light Rail Transit constructed by the China Railway Group in the capital of the East African country. Zhang said infrastructure development and transportation sector are am. . .
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