Market News | AUTOEXPO Ethiopia 2018

Market News

  • Flying taxis coming soon to Nairobi.

    Posted on :Friday , 9th March 2018

    The McFly.aero blockchain project is starting the set up of transportation for air taxis service in 23 cities in 13 countries. Nairobi has been recognized as one of the launch cities for this ambitious flying cars project.

     This is going to be a 2 part business project, the first part being a technological consortium of 12 companies that are currently developing the fundamentals . . .

  • Kenya is capable of driving the Safari Rally back onto the WRC, Todt

    Posted on :Thursday , 1st March 2018

    Todt was received by Kenya Motorsports Federation (KMSF) President Phineas Kimathi upon his arrival on Monday for the 2 days visit.

    Kenya is competent of driving the Safari Rally back onto the World Rally Championship, says I. . .

  • Double Decker Buses Come to Ethiopia

    Posted on :Monday , 4th December 2017

     Ethiopia will have Double-Decker buses to be used for public transport for the first time. The 50 buses which were ordered by the Addis Ababa City Administration will have 80 seated passengers and up to 60 standing. They are assembled in Bishoftu by the Metals and Engineering Corporation (MeTEC). The buses are three meters high and eight meters long.

     
    The desig. . .

  • East Africa: Isuzu Buys 57.7 Percent Stake in General Motors East Africa

    Posted on :Friday , 3rd March 2017

    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.
     
    Most of the dealer’s sales are bus, pick-ups and tr. . .

  • East Africa: EAC Looking to Assemble Vehicles Locally, Imports to be Hit Hard

    Posted on :Friday , 17th February 2017

    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 Arab Emirates.
     
    The records mean every month U. . .

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