Market News

Japanese automaker Isuzu Motors Limited has bought out General Motors’ 57.7 per cent stake in General Motors East Africa (GMEA) for an undisclosed sum.   The transaction will see the motor dealer change its name to Isuzu East Africa in April to reflect the change of control.   Mo . . .

A strategy to promote local assembling of vehicles in East African countries may see Uganda lose heavily in customs duties collected daily.   According to Uganda Revenue Authority (URA) statistics every day Uganda imports about 100 vehicles from countries such as Japan, Germany, UK and United . . .

 On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomera . . .

Chinese vehicle manufacturer King Long has formally started importation of its buses in the Tanzanian market through an agent Pwani Motors Limited.   Speaking during the launch of the sales at the weekend which was attended by bus operators in Tanzania, the company's marketing manager for the . . .

 The completion of the Addis Ababa-Djibouti Railway, a new 752km track linking Ethiopia's capital with the Port of Djibouti, was officially marked today at a ceremony at Nagad Railway Station in Djibouti. In the presence of Djibouti's President, His Excellency Ismail Omar Guelleh, and Ethiopia . . .