Market News

  • Ethiopia\'s First Trams Unveiled in China

    Posted on :Wednesday , 1st October 2014

    The first of 41 trams being built for the two-line network under construction in Addis Abeba was unveiled at CNR Changchun’s plant in China on August 26.

    Angolan Airlines Partners Lufthansa To Boost Country-to-country Flights

    Posted on :Wednesday , 1st October 2014

    State owned TAAG Angola Airlines has partnered Lufthansa in a bid to increase flights between Germany’s Frankfurt and Angola’s Luanda.

    Over 20 Automakers To Set Up Local Assembly Plants In Nigeria

    Posted on :Monday , 8th September 2014

     VENTURES AFRICA – The fruits of Nigeria’s Automotive policy continues to grow as the country’s National Automotive Council (NAC) on the implementation revealed that 21 Auto companies have signed commitments with technical partners to set up local assembly operations.

     
    The report gave the product lines as; Five Cars and Sport Utility Vehicles (. . .

  • Hyundai Targets Greater South African Market Share With New Plant

    Posted on :Monday , 8th September 2014

    VENTURES AFRICA – South Korea’s Hyundai Motor Company, through its subsidiary, Hyundai Automotive South Africa has opened a new plant in Benoni, Guateng, as it looks to consolidate its position in a very competitive industry.

     
    The automobile company is competing with the likes of General Motors and Toyota for a share of the country’s automobile mark. . .

  • German automotive firm eyes East Africa market

    Posted on :Saturday , 6th September 2014

    German automotive firm Bosch on Thursday announced it has entered the East African market.

     

    The firm's MD of Southern Africa Steffen Hoffman told journalists in Nairobi that it will invest over 250,000 Euros in their business venture in Kenya.

     

    "We want to tap into the motor industry that has been growing rapidly in the past decade as a result of. . .

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