Market News
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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 . . .Toyota\'s drive to expand in Africa
Posted on :Monday , 14th September 2015
Car manufacturer Toyota is well known, but Toyota Tshusho less so. We spoke to the trading subsidiary to find out more about its African operations.
Toyota Tsusho, established in 1948, is the sole general trading company within the Toyota Group. It has some 53,000 employees and its global network encompasses Japan, approximately 90 other countries and over 950 conso. . .
Kia Motors\' new assembly plant in Africa to make 25,000 vehicles annually
Posted on :Wednesday , 9th September 2015
Leading automobile brand Kia Motors Nigeria has unveiled a new assembly plant in Lagos, which is expected to produce 25,000 vehicles every year
The plant named United Vehicle Assembly Limited (UVAL) will be part of Nigeria's robust automotive policy of making the nation a leading manufacturing hub, said officials from UVAL.Nigerian minister for in. . .
A Modern Engine Factory in East Africa to be constructed
Posted on :Friday , 4th September 2015
The construction of a new mega modern engine factory in Ethiopia has commenced. The Ethiopian government is constructing a new engine factory that can manufacture different types of engines.
The industrial unit is set to manufacture about twenty to thirty thousand different types of engines for tractors, cars, trucks, building industry machines and other small. . .Please Select an Option
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