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Market News

  • Standard Gauge Railway construction project in Kenya to be extended

    Posted on :Tuesday , 8th December 2015

     China has pledged to boost the extension of the Standard Gauge Railway construction project in Kenya from the capital Nairobi to the Rift Valley. Kenya will receive a $1.5 billion loan from China

     
    Statehouse Spokesman Manoah Esipisu confirmed the news and said that Kenya will finance 15% towards the project while the rest will be from China Eximbank.
  • AVM Africa to Assemble and Manufacture Tractors in 2016

    Posted on :Friday , 4th December 2015

    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 a billion-dollar agreement with a Chinese firm to set up a plant in Zimbabwe. Musanh. . .

  • Nigeria: Bajaj Introduces New Tricycle Into Market

    Posted on :Tuesday , 1st December 2015

    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 superior performance and durability. It has an engine which is optimised to . . .

  • Kia Rio Wins Nigeria\'s Car of the Year Award

    Posted on :Tuesday , 1st December 2015

    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 nominated vehicles at the annual Nigerian Automobile Journalists Association (NAJA. . .

  • East African Ports taken into consideration to increase Imports & Exports

    Posted on :Tuesday , 24th November 2015

     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 Programme (UNDP), Ethiopia will begin using Mombasa Port in Kenya, Berbera Port in Somaliland, and P. . .

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