Market News

A new airport in Africa set to be constructed
A new airport in Africa set to be constructed
8 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 lat . . .

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VW Investing $343 Million in African Plant
VW Investing $343 Million in African Plant
6 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 Schaefe . . .

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Kenya Sets Pace As East Africa Vehicle Market Grows
Kenya Sets Pace As East Africa Vehicle Market Grows
6 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 . . .

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Ford to build Rangers for the African Market
Ford to build Rangers for the African Market
6 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 produc . . .

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Mega International airport to be constructed in East Africa
Mega International airport to be constructed in East Africa
5 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 airp . . .

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