Market News

Truck bodybuilders in the UAE are keen on stepping up their presence in African markets as they look to venture outside the GCC.    Dubai-based Gorica Industries, one of the biggest names in the segment, is already active in Africa, says managing director Ivan Fornazaric.    . . .

A Local car manufacturer, Kiira Motors Corporation (KMC), is in talks with at least four automotive original equipment manufacturers (OEMs) about establishing a vehicle manufacturing industry in Uganda, a government minister has said.   Prof Sandy Stevens Tickodri-Togboa, the minister of stat . . .

Arusha — Foreign-manufactured motor vehicles, mostly used in Tanzania and East Africa, may be compelled to set up assembling plants in the region as leaders mull reducing importation of cars from overseas.   The new strategy mulled by the EAC Heads of State might lead to automobile manu . . .

Chinese Vice Foreign Minister Zhang Ming said Tuesday China is keen to strengthen cooperation with Ethiopia in the infrastructure development and transportation sector. Zhang made the remarks after he visited the Addis Ababa Light Rail Transit constructed by the China Railway Group in the capital of . . .

Africa's automobile sector may contribute at least 4.5 per cent of 2016 global automobile sales as a result of the country's increased investment in the automobile sector in 2015, which encouraged local production.   This was contained in the review report of the trends in the automobile sect . . .