Market News

Ethiopia\'s First Trams Unveiled in China
Ethiopia\'s First Trams Unveiled in China
1 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. The trams were ordered in March 2014 and are scheduled to be delivered by January, being shipped via Tianjin and Djibouti with a journey ti . . .

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Angolan Airlines Partners Lufthansa To Boost Country-to-country Flights
Angolan Airlines Partners Lufthansa To Boost Country-to-country Flights
1 October 2014

State owned TAAG Angola Airlines has partnered Lufthansa in a bid to increase flights between Germany’s Frankfurt and Angola’s Luanda. “Lufthansa would add one more flight a week with an Airbus A340-300, which represents a 50 percent increase in capacity on flights between the two . . .

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Over 20 Automakers To Set Up Local Assembly Plants In Nigeria
Over 20 Automakers To Set Up Local Assembly Plants In Nigeria
8 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.   . . .

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Hyundai Targets Greater South African Market Share With New Plant
Hyundai Targets Greater South African Market Share With New Plant
8 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 . . .

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German automotive firm eyes East Africa market
German automotive firm eyes East Africa market
6 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 . . .

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