Market News

It may be a bit of a long shot, but African countries like Nigeria could be the final frontier for any automakers looking to cash in on the benefits of globalization and the financial fortitude of emerging markets. Long considered a lost cause due to prolific amounts of poverty, Africans in certain . . .

 South Africa's automotive sector has received a major boost with the launch of the combi metre production facility by Hesto Harnesses in KwaZulu-Natal.   Hesto Harnesses manufactures wiring harnesses for the automotive industry from a factory situated in Stanger, 90km north of Durban. T . . .

 AVM Africa says it will venture into assembling and manufacturing tractors in 2016 starting with 400 units.   CEO Musanhi said this followed a partnership with a local company owned by the Zimbabwe National Liberation War Veterans' Association (ZNLWVA), which is set to sign a billion-do . . .

 Mercedes Benz is gearing up to begin the assembly of mini buses and ambulances in Nigeria, in an attempt to draw benefits from the country’s automotive policy mercminibus CanadianPacific flickrAccording to Uwatse, Nigeria needs mini buses and ambulances.  The company’s manag . . .

 China has pledged to boost the extension of the Standard Gauge Railway construction project in Kenya from the capital Nairobi to the Rift Valley. Kenya will receive a $1.5 billion loan from China   Statehouse Spokesman Manoah Esipisu confirmed the news and said that Kenya will finance 1 . . .