Market News
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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.. . .Mega International airport to be constructed in East Africa
Posted on :Monday , 5th October 2015
Plans are underway for the construction of a mega International airport in Ethiopia, the Ethiopian Airports Enterprise has announced.
The Ethiopian Minister of Transport, Workneh Gebeyehu confirmed the reports and said that Ethiopia is to break the ground for a new mega hub airport in the vicinity of Addis Ababa.“The. . .Please Select an Option
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