Market News | Autoexpo Tanzania 2019

Market News

  • JOINT EAST AFRICAN CAMPAIGN FOR VEHICLE ASSEMBLY MOVES INTO TOP GEAR

    Posted on :Tuesday , 30th April 2019

    Reginald Mengi an industrialist based in Dar-es-Salaam signed a deal with a South Korean firm to set up a vehicle assembly plant in the country. The $10 million deal between Youngsan Glonet Corporation and Mengi’s IPP Automobile Company Ltd will make it the second  vehicle assembly plant in Tanzania. The other one is a Polish tractor assembly plant at Kibaha called Ursus. Mr. Mengi, . . .

  • EMERGING DYNAMICS AND FUTURE OF TANZANIANS AUTOMOTIVE INDUSTRY

    Posted on :Wednesday , 10th April 2019

    Foton Motor Company a Chinese automobile maker is establishing a truck assembling plant in Tanzania in order to extend its foray in the East African region.The firm’s strategy to set up the facility is in line with the country’s fifth phase of the governments target’s on industrialization. The President John Magufuli has pushed the dream in the country as he looks to make a si. . .

  • Tshwane, capital of South Africa is all set to become a leading automotive investment destination in Africa

    Posted on :Friday , 5th April 2019

    The Automotive Industry Development Centre (AIDC) has begin the first step of a R50 billion mega-development which will see Rosslyn, north east of Pretoria, become the new automotive manufacturing capital of South Africa, and a leading automotive investment destination in Africa.


    South Africa’s capital, City of Tshwane, is set to become the automotive capital of Africa wit. . .

  • U.S AMBITIOUS TO STRENGTHEN THE FOOTHOLD FOR TRADE AND INVESTMENT IN AFRICA

    Posted on :Friday , 22nd March 2019

    The FDI promotion and Technology Transfer Affairs Directorate General of the MoFA took part in the U.S.-Africa Trade and Investment Forum organised by the Corporate Council on Africa (CCA) and the U.S. Mission to the African Union in Addis Ababa On February 12, 2019.

     
    In order to examine ways to advance private sector-led economic growth in Africa, the event brought . . .

  • EAST AFRICA: BEST INVESTMENT DESTINATION IN 2019

    Posted on :Friday , 8th February 2019

    Report from Rand Merchant Bank (RMB) has forecasted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. 

    East Africa being a performing region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI).
     
    Justifying to the report, Ethio. . .

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