Market News

Dar es Salaam — The Tanzania-Zambia Railway Authority (TAZARA) has received four new diesel-electric mainline locomotives and 18 passenger coaches valued at $22.4 million.   "We remain eternally grateful to the government and the people of China for their constant and positive associati . . .

The Bishoftu Automotive Industry announced that it is planning to build new 27 automotive engineering zones throughout the country in the coming years.   Bishoftu Automotive Industry General Manager Gebremedhin Zeselassie said that apart from its ongoing activities, the industry is planning t . . .

 The construction of phase II of Mombasa port terminal in Kenya will start early  2017, Kenya Ports Authority managing director Gichiri Ndua has said. When complete, the second container terminal  will provide and additional capacity of 470,000 and 550,000 TEUs.   Mr Ndua added . . .

 The completion of a light rail construction project in Nigeria has been set for December 2016, Lagos State Governor Akinwunmi Ambode has announced. The governor said that once complete the light rail construction project in Nigeria  will start operation immediately.   The aim of th . . .

 Muscling its way into the market is China’s Beiqi Foton Motor, which last year delivered over 10,000 vehicles to Africa and in March established a sales division in Kenya. It is busy finishing construction of a US$50-million assembly plant in Nairobi that it claims will have capacity for . . .