Market News
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East Africa: Newly constructed port terminal to start operation in mid 2016
Posted on :Thursday , 15th October 2015
Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be operational in June, 2016.
Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year.Tanzania: Mahindra to Open Tractor Factory in Zanzibar
Posted on :Tuesday , 13th October 2015
Zanzibar — Mahindra company from India is planning to open a tractor assembling plant here, Zanzibar President, Dr Ali Mohamed Shein, revealed here yesterday. Dr Shein said negotiations with the Indian company were currently going on. He also disclosed that his government would also purchase 100 tractors from the company to improve agriculture in the Isles.
&q. . .East Africa: Assembled Motor Vehicles Now Welcome in Dar, Tax Free
Posted on :Monday , 12th October 2015
Regional auto assembly plants can now fully enter the Tanzanian market after the lapse of an East African Community October deadline for Dar to lift a 30 per cent excise duty on locally assembled vehicles.
Previously, Tanzania had complained of some partner states breaching the rules of origin by allowing vehicle assembly firms to resell imports without any signific. . .Rail mass transit project in Africa on track
Posted on :Monday , 12th October 2015
The construction of the Lagos Rail Mass Transit construction Project in Nigeria is in good progress. Also known as Blue Line project, the project is expected to ease transport need of the fast growing population in Lagos.The project construction is being supported by the government of the United Kingdom.
London mayor Alderman Alan Yarrow led a team of London b. . .Mass Rapid Transit System in Kenya gets green light
Posted on :Monday , 12th October 2015
Construction of the Mass Rapid Transit System in Kenya which will cost US$ 4m is set to be launched in the capital Nairobi and will be fully funded by the National Treasury.
The acting Director-general of public debt management at the Treasury, Jackson Kinyanjui confirmed the reports and said that the Ministry of Transport and Infrastructure accepted the. . .Please Select an Option
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