Market News

Nairobi signs US$75 million transport deal with Chinese auto manufacturer

Posted on :Friday , 14th November 2014

The Nairobi county has signed a US$75mn deal with Chinese auto manufacturer Foton Motor to buy 266 buses for the city’s metro transport system.

Honda Motor : Unveils New Models in Kenya

Posted on :Friday , 14th November 2014

Japanese car maker Honda Motors has unveiled new-generation high-end vehicles in the country in a bid to tap into the increasingly expanding new motor vehicle market.

Vehicle assemblers hit record in August

Posted on :Friday , 31st October 2014

August recorded the highest number of vehicles assembled locally in a single month for over more than five and a half years, signalling a growing appetite for new vehicles.

Sumitomo to invest in South Africa tire operations

Posted on :Saturday , 25th October 2014

DURBAN, South Africa—Sumitomo Rubber South Africa (Pty) Ltd. has launched about a $101 million investment plan, mainly to bolster its original equipment tire supply capabilities in the region.

Focused on the company’s South Africa manufacturing plant in Ladysmith, the plan includes initiating local production of the Sumitomo Tires' brand, range extension. . .
Imperial sets its sights on African cars

Posted on :Friday , 17th October 2014

Imperial Holdings is expanding its motor vehicle business into Africa as part of a strategy to reduce the. . .

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