Market News

Reginald Mengi an industrialist based in Dar-es-Salaam signed a deal with a South Korean firm to set up a vehicle assembly plant in the country. The $10 million deal between Youngsan Glonet Corporation and Mengi’s IPP Automobile Company Ltd will make it the second  vehicle assembly plant . . .

Foton Motor Company a Chinese automobile maker is establishing a truck assembling plant in Tanzania in order to extend its foray in the East African region.The firm’s strategy to set up the facility is in line with the country’s fifth phase of the governments target’s on industrial . . .

The Automotive Industry Development Centre (AIDC) has begin the first step of a R50 billion mega-development which will see Rosslyn, north east of Pretoria, become the new automotive manufacturing capital of South Africa, and a leading automotive investment destination in Africa. South Africa&rsq . . .

The FDI promotion and Technology Transfer Affairs Directorate General of the MoFA took part in the U.S.-Africa Trade and Investment Forum organised by the Corporate Council on Africa (CCA) and the U.S. Mission to the African Union in Addis Ababa On February 12, 2019.   In order to examine way . . .

Report from Rand Merchant Bank (RMB) has forecasted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019.  East Africa being a performing region in last few years has recorded more than an average growth in the number of Foreign . . .