Market News
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Nairobi: Chandaria Industries buys stake in low-cost car firm
Posted on :Friday , 5th December 2014
Billionaire businessman Mahesh Chandaria’s family has acquired an undisclosed stake in Mobius Motors, the start-up auto firm that is building Africa’s cheapest car.
Chandaria Industries, makers of hygiene products that are the flagship of the Chandaria Group, made the investment through capital injection into Mobius in return for a stake in the early sta. . .Nissan sets aside Sh1.3bn for new showrooms in Kenya
Posted on :Thursday , 4th December 2014
Nissan is set to open four new showrooms in major towns across the country in a Sh1.3 billion expansion plan which will also include opening of new service centres.
Crown Motors, which in August replaced DT Dobie as the Kenyan franchise holder of the Japanese vehicle brand, said it would open showrooms in Mombasa, Kisumu, Eldoret and Naivasha by the end of next year. . .Africa Lubricants Market worth 4,871.0 KT by 2019
Posted on :Wednesday , 26th November 2014
The report " Africa Lubricants Market by Type (Mineral Oil, Synthetic Oil, Bio-based Oil, and Greases), by Application (Passenger Vehicles, Commercial Vehicles, Aviation and Marine and Industrial Machinery and Equipment) - Global Trends & Forecasts to 2019", defines and segments the Africa lubricants market with anal. . .
Hyundai Unveils $5m Assembly Plant In Mozambique
Posted on :Monday , 24th November 2014
Hyundai, a South Korean automotive manufacturer, has unveiled a $5.45 million Hyundai car assembly plant in Mozambique’s capital city, Maputo.
Uganda\'s Hybrid Car, Kiira EV SMACK Launched In Kenya
Posted on :Monday , 24th November 2014
The vehicle went on show at the Kenyatta International Convention Centre (KICC) in the capital Nairobi early Thursday.This is the first time the car goes on exhibition outside Uganda.
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