Market News

Indian automobile manufacturer Mahindra & Mahindra (M&M) has opened a business unit in Africa with a view to capitalizing on the emerging market opportunities in the continent. The company, which has opened its local office in South Africa, will come up with three more similar units in Egypt, Nig . . .

Chinese car maker, Foton, is setting up a car show room and after-sales service centre worth $10m (about sh30b) at Namanve Industrial Park, in Mukono district. This was revealed last week by Chinese ambassador to Uganda, Zhao Yali, while handing over a donation of an executive van and partition scr . . .

Arusha — TANZANIA has started manufacturing special cars and going to the extent of exporting them to as far as South Africa and Europe. The Arusha-based factory, Hanspaul Automechs Limited, which fabricates specially designed 'Safari' vehicles, has started exporting its products, popularly . . .

SELF driving cars which may come to Tanzania by 2027 will help reduce deaths on local roads, experts from an online car marketing portal, Carmudi Tanzania Limited said. In a statement, Carmudi said although the idea of a self driving car seems to be distant for the local market which is one of th . . .

The government has once again expressed its commitment to reviving the Arusha-based General Tyre East African Limited (GTEA) factory before the end of this year.   Janeth Mbene,  the  deputy Minister for Industry and Trade was last week here to brief on the government’s plans . . .