Market News

 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 . . .

 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 . . .

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 . . .

 Leading automobile brand Kia Motors Nigeria has unveiled a new assembly plant in Lagos, which is expected to produce 25,000 vehicles every year   The plant named United Vehicle Assembly Limited (UVAL) will be part of Nigeria's robust automotive policy of making the nation a leading manu . . .

 The construction of a new mega modern engine factory in Ethiopia has commenced. The Ethiopian government is constructing a new engine factory that can manufacture different types of engines.   The industrial unit is set to manufacture about twenty to thirty thousand different types of e . . .