Market News

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 . . .

 As part of a new national strategy, Ethiopia will begin using ports in Kenya, Somaliland and Sudan in order to increase trade volume. This strategy will decrease Ethiopia’s current policy of relying solely on the Port of Djibouti. In a move supported by the United Nations Development Pro . . .

 A US$100.51m cargo airport in Nigeria will be constructed in Nasarawa State,  governor Tanko Al-makura, has said. The governor was speaking during the signing of the financial contract agreement between the state government and Tongyi Group Engineering, a Chinese firm tasked with the cons . . .

 French transport solutions provider Alstom has signed two contracts with Egypt's National Authority for Tunnels (NAT) to supply signalling and telecommunications systems and develop infrastructure for the third phase of Cairo Metro Line 3 alstom egypt cairometroOfficials from NAT and Alstom s . . .

 Ford Motor Company is planning to introduce 30 new vehicles in the Middle East and Africa by 2020 as part of its regional expansion strategy CBYCarImagesThe Middle East and Africa is a diverse region for Ford vehicles.  The company revealed that eight vehicles will first be released, al . . .