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New commercial vehicle assembly plant in South Africa

Through its new commercial vehicle assembly plant, in Benoni, east of Johannesburg, automotive company Hyundai Automotive South Africa (HASA) was increasing its contribution to the local economy, CEO Alan Ross said on Thursday at the plant’s official opening.

The 32 000 m2 semi-knocked-down (SKD) assembly plant, which had been established through a R110-million capital investment from HASA parent company Associated Motor Holdings, started producing its first trucks i.... Read more »

Posted on : Saturday , 6th September 2014

VW launches new Polo Vivo

 Four years after the introduction of the locally built Volkswagen Polo Vivo to the market in 2010, Volkswagen South Africa (VWSA) on Friday launched a new-look Polo Vivo. 

Distribution of the new Polo Vivos to the various VW dealerships around the country had already started, with an intensive marketing campaign to start on Sunday.
Speaking at the Johannesburg media launch of the new Vivo, VWSA communications GM Matt Gennrich noted that all the chang.... Read more »

Posted on : Saturday , 6th September 2014

Namibia: GM Sales Gather Speed in Africa

General Motors South Africa (GMSA) confirmed that the new Opel Adam hatchback and Mokka SUV will arrive locally in 2015. The new models form part of Opel's global product offensive which will see 27 new vehicles and 17 engines launched by 2018, and reaching a growing African market.

 
Mario Spangenberg, president of GM Africa, reports that the company has invested over R1.7-billion in its Africa operations in the past few years. He said the investment was .... Read more »

Posted on : Saturday , 6th September 2014

Acorn Group Kenya injects US$455m into a Real Estate project

Acorn Group Africa, a real estate firm in Kenya is going to inject US$455m into a real estate project that will see the firm construct shopping malls, commercial offices, residential properties and commercial hotels in Nairobi, Lukenya and Kitengela.

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Posted on : Saturday , 6th September 2014

Hyatt Regency Arusha, Tanzania to be constructed at US$60m

Hyatt Hotels Corporation has entered into a partnership with ASB (Tanzania) Limited that will see the later construct a new 300-room five star hotel. The new hotel will be called Hyatt Regency Hote.... Read more »

Posted on : Saturday , 6th September 2014

Tetra Tech signs US$25m contract for Phase 1 of Konza City

Tetra Tech Inc will oversee development of phase 1 of Konza city following the signing of a contract between them and Konza Technopolis Development Authority (KoTDA).

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Posted on : Saturday , 6th September 2014

Merali to construct US$23m office block in Nairobi, Kenya

Businessman Naushad Merali has made plans to construct a US$23m office block in Westlands, Nairobi.

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Posted on : Saturday , 6th September 2014

Tanzania to construct 50, 000 houses in a US$ 48 m real estate project

A total of USD 48.24 will be used in the first phase construction of houses in Tanzania to provide shelter for public servants. The real estate project will be funded by the government of Tanzania.

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Posted on : Saturday , 6th September 2014

Coca-Cola to `give back` 18.5b litres of water

Beverages maker Coca-Cola has announced an ambitious plan to ‘give back’ an equivalent of 18.5 billion litres of water it uses globally every year in its products and production process by 2020. The firm said the plan is to replenish water used in its products and to support healthy ecosystems and watersheds in local communities in which it operates. By 2020, Coca-Cola plans to have improved water efficiency by 25 per cent as well as treating all waste water from its man.... Read more »

Posted on : Saturday , 6th September 2014

Qatar investors to enter Kenya real estate market

Qatar is seeking to enter into the Kenya real estate market. A delegation of Qatari Businessmen Association (QBA) has already visited the Kenya’s Minister of Foreign Affairs and International Trade, Amina Mohamed in a bid to improve ties between the two countries.

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Posted on : Saturday , 6th September 2014

Construction of the Juba-Bor Road in Sudan begins

Construction of the Juba-Bor road has started after the signing of an agreement between the Jonglei state government and UNMISS. UNMISS is a Korean contingent of engineers who work for United Nations’ peacekeeping mission in the country.

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Posted on : Saturday , 6th September 2014

Five new hotels to be constructed in Nairobi, Kenya at US$79m

The hotel industry in Kenya is set to receive a boost following the setting up of five medium-sized new hotels in the country.

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Posted on : Saturday , 6th September 2014



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