Market News

Ford\'s sub-Saharan drive may benefit African plants
Ford\'s sub-Saharan drive may benefit African plants
2 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 . . .

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Sub-Saharan Africa�s first metro is functional
Sub-Saharan Africa�s first metro is functional
25 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 . . .

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Newly constructed light rail system in East Africa starts operation
Newly constructed light rail system in East Africa starts operation
25 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 . . .

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Auto assembling plant in Kenya in the making
Auto assembling plant in Kenya in the making
22 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 i . . .

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Toyota\'s drive to expand in Africa
Toyota\'s drive to expand in Africa
14 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 n . . .

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