Market News

 Ford Motor Co. said it plans to assemble its Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East.   The Nigerian assembly plant, in partnership with Ford dealer Coscharis Motors Ltd., is the first outside South Africa, where Ford produc . . .

 Plans are underway for  the construction of a mega International airport in Ethiopia, the Ethiopian Airports Enterprise has announced.   The Ethiopian Minister of Transport, Workneh Gebeyehu confirmed the reports and said that Ethiopia is to break the ground for a new mega hub airp . . .

 Tenders for consultancy services and engineering designs for the development of several ports in Tanzania have been advertised by the Tanzania Ports Authority (TPA).   The tender entails a request for interest in consultancy services for feasibility studies and preliminary engineering d . . .

 As Ford's only manufacturing operation in the Middle East and Africa‚ Ford Southern Africa is in pole position to benefit from the group's decision to intensify marketing and production in sub-Saharan Africa‚ says Stephen Odell‚ president of Ford's European‚ Middle East . . .

 Sub-Saharan Africa’s first light rail system or metro was inaugurated in Addis Ababa last weekend, said the head of the Ethiopian Railways Corporation Getachew Betru metro HernnPiera flickrThe Addis Metro will comprise two lines – one from east to west and the other from south to . . .