Market News

ZIMBABWEAN coach assembler AVM Africa says it will venture into assembling and manufacturing tractors in 2016 starting with 400 units. CEO Musanhi said this followed a partnership with a local company owned by the Zimbabwe National Liberation War Veterans' Association (ZNLWVA), which is set to sign . . .

Lagos — Tricycle manufacturing company, Bajaj Auto Ltd and its partner, DAG Motorcycles has launched a new model to be known as Bajaj RE 'Keke,' which will deliver superior performance to customers.   "The new Bajaj RE is a model that is extensively tested and engineered to deliver supe . . .

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 . . .