Market News

 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 . . .

ZIMBABWEAN coach assembler 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 . . .

Lagos — Tricycle manufacturing company, Bajaj Auto Ltd and its partner, DAG Motorcycles has launched a new model to be known as Bajaj RE 'Keke,' which will deliver superior performance to customers.   "The new Bajaj RE is a model that is extensively tested and engineered to deliver supe . . .

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 nomin . . .