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Market News

  • Kia Rio Wins Nigeria\'s Car of the Year Award

    Posted on :Tuesday , 1st December 2015

    Lagos — The Kia Rio beat some very steep competition to earn the prestigious 2015 Car of the Year accolade, receiving the highest number of votes from motoring journalists across the country.

     
    The Kia Rio conquered some high-performance challengers to take the victory amongst all nominated vehicles at the annual Nigerian Automobile Journalists Association (NAJA. . .

  • East African Ports taken into consideration to increase Imports & Exports

    Posted on :Tuesday , 24th November 2015

     As part of a new national strategy, Ethiopia will begin using ports in Kenya, Somaliland and Sudan in order to increase trade volume. This strategy will decrease Ethiopia’s current policy of relying solely on the Port of Djibouti. In a move supported by the United Nations Development Programme (UNDP), Ethiopia will begin using Mombasa Port in Kenya, Berbera Port in Somaliland, and P. . .

  • Cargo airport in Africa to be constructed

    Posted on :Tuesday , 24th November 2015

     A US$100.51m cargo airport in Nigeria will be constructed in Nasarawa State,  governor Tanko Al-makura, has said. The governor was speaking during the signing of the financial contract agreement between the state government and Tongyi Group Engineering, a Chinese firm tasked with the construction with their representative HYPAD .

     
    The agreement stated that. . .

  • French Transport Company Alstom signs US$204mn railway contract with Africa

    Posted on :Monday , 23rd November 2015

     French transport solutions provider Alstom has signed two contracts with Egypt's National Authority for Tunnels (NAT) to supply signalling and telecommunications systems and develop infrastructure for the third phase of Cairo Metro Line 3

    alstom egypt cairometroOfficials from NAT and Alstom sign contracts for the Cairo Metro. 
    The two contracts are valued at aro. . .

  • Ford to introduce 30 new vehicles for the Africa markets

    Posted on :Monday , 23rd November 2015

     Ford Motor Company is planning to introduce 30 new vehicles in the Middle East and Africa by 2020 as part of its regional expansion strategy

    CBYCarImagesThe Middle East and Africa is a diverse region for Ford vehicles. 
    The company revealed that eight vehicles will first be released, all of which will be showcased at the Dubai International Motor Show. The model. . .

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