Market News
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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. . .Ford\'s sub-Saharan drive may benefit African plants
Posted on :Friday , 2nd October 2015
As Ford's only manufacturing operation in the Middle East and Africa‚ Ford Southern Africa is in pole position to benefit from the group's decision to intensify marketing and production in sub-Saharan Africa‚ says Stephen Odell‚ president of Ford's European‚ Middle East and African operations. Ford has the capacity to increase it production in South Africa, particu. . .
Sub-Saharan Africa�s first metro is functional
Posted on :Friday , 25th September 2015
Sub-Saharan Africa’s first light rail system or metro was inaugurated in Addis Ababa last weekend, said the head of the Ethiopian Railways Corporation Getachew Betru
metro HernnPiera flickrThe Addis Metro will comprise two lines – one from east to west and the other from south to centre.The Addis Metro runs 17 km from industrial areas south of Addi. . .Newly constructed light rail system in East Africa starts operation
Posted on :Friday , 25th September 2015
The mega electrified light rail system in Ethiopia which cost US$ 475m during construction has finally commenced operation, head of Ethiopia Railways Corporation Getachew Betru has confirmed.The rail construction project was largely supported by China’s Export-Import Bank.The 32km light rail system in Ethiopia which is Africa’s fi. . .Auto assembling plant in Kenya in the making
Posted on :Tuesday , 22nd September 2015
Kenyan firm Bico has partnered with Liebherr which is a German heavy machinery maker to construct an assembling plant in Kenya in the capital Nairobi.
The assembling plant in Kenya which is estimated to cost US$ 218m will see the assembly of road construction and agricultural equipment done in Kenya.The registered Kenyan company, Bico intends to produce at least 30 . . .Please Select an Option
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