Daimler's South African Mercedes-Benz plant in East London, Eastern Cape province, has built its one millionth passenger car - a white, right hand drive, C-Class sedan.
The latest generation has been produced since May 2014 in East London - one of four factories world wide making the model line - and this is the fourth generation to be built in South Africa. Bremen, Germany, is the lead plant and the others are Tuscaloosa, Alabama and Beijing Benz.
M-B .... Read more »
Posted on : Tuesday , 2nd June 2015
Ethiopian Airlines’ drive to become a global carrier is to be supported by the construction of a world-class cargo terminal at Addis Ababa Bole International Airport.
The $98m terminal, which will be the size of five football grounds, is to be designed by German engineer Unitechnik Group.
According to Unitechnik, the new terminal will be able to handle 600,000 tonnes of freight a year: more than four times the capacity of the existing facility, wh.... Read more »
Posted on : Tuesday , 2nd June 2015
NAIROBI - The World Bank's private sector arm, the International Finance Corporation (IFC), on Friday inked a new partnership with Chinese construction and engineering company to develop low-cost houses in three African countries.
IFC and CITIC Construction Co., Ltd will set up a joint venture and inject 300 million U.S. dollars to develop 30,000 homes in Kenya, Rwanda and Nigeria in the next five years.
"As Sub-Saharan Africa becomes more urbanize.... Read more »
Posted on : Tuesday , 2nd June 2015
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, Nigeria and Kenya. The new additions will work with local companies and employees.
Playing the role of internal distributor for the carmaker, the unit will.... Read more »
Posted on : Tuesday , 2nd June 2015
Senet Holding, a Hong Kong-based Investment Company is seeking new markets and partners in Uganda in areas where substantial development exists from oil and gas to minerals and consumer goods.
Posted on : Monday , 1st June 2015
Brookside Dairy Limited has taken over operations of leading Uganda dairy operator Sameer Agriculture and Livestock Limited (SALL), making it the first major acquisition by the Ruiru-based processor outside Kenya’s borders.
Posted on : Monday , 1st June 2015
Cement production in Kenya is soon to see a new entrant. A new cement grinding plant is set to be constructed in Western Kenya on a 50 acre piece of land. It is projected to produce 730,000 tonnes of cement every year and hence enhance the competition in the industry.
Posted on : Monday , 1st June 2015
The construction of a super highway linking Liberia and Côte d’Ivoire is set to kick off and the project will be funded by the African Development Bank (AfDB).
Posted on : Monday , 1st June 2015
Local Mining firms are concerned with what they term as rapid-fire methods of Mining Cabinet Secretary Najib Balala, to the point that some are threatening to quit the country.
Posted on : Monday , 1st June 2015
THE Minister for Trade and Industry, Dr Abdallah Kigoda, on Tuesday unveiled a catalogue of industrial projects, including a 5trn/- Mchuchuma coal and Liganga iron ore projects set to kick off this year.
Posted on : Thursday , 28th May 2015
Tanganyika South Block operator Beach Energy has announced that Joint Venture partner Woodside Energy has decided not to enter into the next period of the exploration program relating to the Lake Tanganyika South Production Sharing Agreement in Tanzania.
Posted on : Thursday , 28th May 2015
Australian company exploring the East African Rift System in Kenya, Tanzania and Zambia has said it is awaiting the receipt of signed farm-out documents having finalized the final steps in the agreement.
Posted on : Thursday , 28th May 2015
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