Market News

Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructu . . .

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has record . . .

 Following a visit to Nigeria to advocate for a robust automotive sector, the African Association of Automotive Manufacturers, that includes Ford Motor Co., Nissan Motor Co., Toyota Motor Corp., General Motors, BMW AG and Volkswagen AG, the carmakers led other executives to Kenya to rise an aut . . .

Ashok Leyland, an Indian based company has won an order valued 170m/US dollars from the government of Tanzania for purchase of Leyland's vehicles.   According to the statement released by Ashok Leyland's Head of Marketing and Corporate Communication, Mr Rajesh Mani the company will also suppl . . .

 Dodoma — The government has appointed a team of consultants to study and propose approaches for establishment of a tyre manufacturing plant in the country.   The Permanent Secretary in the Ministry of Industry, Trade and Marketing, Dr Adelhem Meru, revealed this yesterday before t . . .