Market News

Construction of phase II of Mombasa port terminal in Kenya to begin
Construction of phase II of Mombasa port terminal in Kenya to begin
11 November 2015

 The construction of phase II of Mombasa port terminal in Kenya will start early  2017, Kenya Ports Authority managing director Gichiri Ndua has said. When complete, the second container terminal  will provide and additional capacity of 470,000 and 550,000 TEUs.   Mr Ndua added . . .

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Completion of light rail construction project in Africa set for 2016
Completion of light rail construction project in Africa set for 2016
9 November 2015

 The completion of a light rail construction project in Nigeria has been set for December 2016, Lagos State Governor Akinwunmi Ambode has announced. The governor said that once complete the light rail construction project in Nigeria  will start operation immediately.   The aim of th . . .

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Automobile Companies paving way to big business in East Africa
Automobile Companies paving way to big business in East Africa
7 November 2015

 Muscling its way into the market is China’s Beiqi Foton Motor, which last year delivered over 10,000 vehicles to Africa and in March established a sales division in Kenya. It is busy finishing construction of a US$50-million assembly plant in Nairobi that it claims will have capacity for . . .

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Hyundai set to return to East Africa
Hyundai set to return to East Africa
6 November 2015

 Hyundai Motors abandoned the EA market a decade ago, but is now looking to return. The company’s Regional Marketing Director Sam Lee says that while “Hyundai has been absent from East African roads for over a decade”, they now “consider the region as a significant marke . . .

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Mobius Motors to deliver Africa�s cheapest car
Mobius Motors to deliver Africa�s cheapest car
6 November 2015

 Nairobi-based Mobius Motors recently announced and started pre-selling its Mobius II model, which will offer drivers a highly robust vehicle capable of tackling Africa’s rough rural terrain and will, importantly, be the most affordable SUV on the market, selling for around US$11,000 (oth . . .

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