German automotive firm Bosch on Thursday announced it has entered the East African market.
The firm's MD of Southern Africa Steffen Hoffman told journalists in Nairobi that it will invest over 250,000 Euros in their business venture in Kenya.
"We want to tap into the motor industry that has been growing rapidly in the past decade as a result of the growing middle class, " Hoffman said during the launch.
&.... Read more »
Posted on : Saturday , 6th September 2014
SOUTH Korean car manufacturer Hyundai is preparing to build vehicles in South Africa.
Posted on : Saturday , 6th September 2014
Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
Posted on : Saturday , 6th September 2014
Petroleum products refining company Engen announced in July that it had launched its Gengear XEP-series indus- trial gearbox oils for high performance under pressure applications onto the local market.
Posted on : Saturday , 6th September 2014
Increasing local demand for diesel vehicles is pushing development of diesel fuels to become more environment friendly while increasing engine power, reports petroleum industry company BP.
Posted on : Saturday , 6th September 2014
Posted on : Saturday , 6th September 2014
Industrial products importer JSE-listed Hudaco has inked a deal to acquire automotive components distributor Partquip for R550-million, complementing the group’s existing automotive after-market businesses, which distribute clutches, seals and automotive bearings.
Posted on : Saturday , 6th September 2014
Through its new commercial vehicle assembly plant, in Benoni, east of Johannesburg, automotive company Hyundai Automotive South Africa (HASA) was increasing its contribution to the local economy, CEO Alan Ross said on Thursday at the plant’s official opening.
Posted on : Saturday , 6th September 2014
Four years after the introduction of the locally built Volkswagen Polo Vivo to the market in 2010, Volkswagen South Africa (VWSA) on Friday launched a new-look Polo Vivo.
Posted on : Saturday , 6th September 2014
General Motors South Africa (GMSA) confirmed that the new Opel Adam hatchback and Mokka SUV will arrive locally in 2015. The new models form part of Opel's global product offensive which will see 27 new vehicles and 17 engines launched by 2018, and reaching a growing African market.
Posted on : Saturday , 6th September 2014
Acorn Group Africa, a real estate firm in Kenya is going to inject US$455m into a real estate project that will see the firm construct shopping malls, commercial offices, residential properties and commercial hotels in Nairobi, Lukenya and Kitengela.
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Posted on : Saturday , 6th September 2014
Hyatt Hotels Corporation has entered into a partnership with ASB (Tanzania) Limited that will see the later construct a new 300-room five star hotel. The new hotel will be called Hyatt Regency Hote.... Read more » Posted on : Saturday , 6th September 2014
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