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Market News

  • Cargo airport in Africa to be constructed

    Posted on :Tuesday , 24th November 2015

     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 construction with their representative HYPAD .

     
    The agreement stated that. . .

  • French Transport Company Alstom signs US$204mn railway contract with Africa

    Posted on :Monday , 23rd November 2015

     French transport solutions provider Alstom has signed two contracts with Egypt's National Authority for Tunnels (NAT) to supply signalling and telecommunications systems and develop infrastructure for the third phase of Cairo Metro Line 3

    alstom egypt cairometroOfficials from NAT and Alstom sign contracts for the Cairo Metro. 
    The two contracts are valued at aro. . .

  • Ford to introduce 30 new vehicles for the Africa markets

    Posted on :Monday , 23rd November 2015

     Ford Motor Company is planning to introduce 30 new vehicles in the Middle East and Africa by 2020 as part of its regional expansion strategy

    CBYCarImagesThe Middle East and Africa is a diverse region for Ford vehicles. 
    The company revealed that eight vehicles will first be released, all of which will be showcased at the Dubai International Motor Show. The model. . .

  • Isuzu to roll out light trucks in Africa by Q2 2016

    Posted on :Saturday , 21st November 2015

     Isuzu’s Nigerian dealer Koncept Autocentre Limited has stated that it will commence the assembly of Isuzu vehicles from Q2 2016

    Isuzu has finalised the vehicles that will be produced at the Nigeria plant. 
    Koncept Autocentre director Victor Eborajolo said that the new assembly plant, which is located at the firm’s premises in Lagos, is undergoing rap. . .

  • East Africa to Open 27 Automotive Industrial Zones

    Posted on :Saturday , 21st November 2015

     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 to open 27 automotive engineering zones that will be assembling and manu. . .

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