Market News
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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. . .A new airport in Africa set to be constructed
Posted on :Thursday , 8th October 2015
The construction of a multi-million dollar new Airport in Nigeria is set to kick off at Ekiti State after a spate of delay. The airport project will be executed on 4000 hectares of land.
The construction project was initially approved in 2009 during the administration of the late Umaru Musa Yar’Adua, since then the project has experience neglect du. . .VW Investing $343 Million in African Plant
Posted on :Tuesday , 6th October 2015
German carmaker Volkswagen plans to spend 4.5 billion rand ($343 million) to upgrade its factory in South Africa and improve its supplier base, it said on Thursday. Most of the money would be used to revamp its factory in Uitenhage in Eastern Cape province to produce new models, Thomas Schaefer, head of Volkswagen's South African unit, said. VW has been pushing for greater scale under Chi. . .
Kenya Sets Pace As East Africa Vehicle Market Grows
Posted on :Tuesday , 6th October 2015
Rising demand for commercial vehicles and luxury cars pushed new and used motor-vehicle registrations in Kenya to nearly 100,000 units last year, according to the Kenya National Bureau of Statistics.
Reporting in the agency’s 2015 economic survey, director general Zachary Mwangi notes the 102,606 newly registered motor vehicles in the country in 2014 was. . .Ford to build Rangers for the African Market
Posted on :Tuesday , 6th October 2015
Ford Motor Co. said it plans to assemble its Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East.
The Nigerian assembly plant, in partnership with Ford dealer Coscharis Motors Ltd., is the first outside South Africa, where Ford produces the Ranger for 148 markets, the automaker said in a statement today.. . .Please Select an Option
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