Market News
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Peugeot car manufacturing plant in Africa nears completion
Posted on :Friday , 30th October 2015
The construction of Peugeot car manufacturing plant in Algeria is almost complete and is set to be commissioned, minister for Industry and Mines Abdessalem Bouchouareb has announced.
Speaking in French capital Paris, Abdessalem said that once completed the shareholders pact will be signed.“It is nearly finalized as t. . .Plans to boost Transport infrastructure in Africa in top gear
Posted on :Tuesday , 27th October 2015
Plans for the construction of infrastructure in Egypt is in top gear after the Transport Minister Saad el Gioushi and head of the Arab Organization for Industrialization (AOI) Abdel Aziz Seif met with the president over the weekend to discuss the same.
According to the Presidential spokesman Alaa Youssef the minister for transport during the meeting reviewed v. . .Industry Trend Analysis - East Africa\'s Automotive Investment
Posted on :Monday , 26th October 2015
Having unveiled its newly developed hybrid electric sedan, the Kiira EV SMACK, Kiira Motors Corporation (KMC) is currently seeking to raise USD350mn worth of investment to establish a new vehicle assembly plant in Jinja Industrial and Business Park in Uganda. If the necessary investment funds can be secured, the automaker has stated that production will begin in mid-2018 with a planned ca. . .
JKT, Polish firm to build tractor assembly plant in Tanzania
Posted on :Monday , 26th October 2015
The signing held at National Service (JKT) Headquarters was witnessed by Prime Minister Mizengo Pinda and former Polish president Lech Walesa, who is also a Nobel Laureate.
Premier Pinda said the deal was the outcome of his last year's visit to Poland where the east Europen country committed to provide 110 million US dollars for supply of tractors and cereal s. . .Tanzania begins the construction of largest port in East Africa
Posted on :Monday , 19th October 2015
Tanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize.
Officials in Tanzania believe that the construction of lar. . .Please Select an Option
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