Market News
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Construction of phase II of Mombasa port terminal in Kenya to begin
Posted on :Wednesday , 11th November 2015
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 that the construction project of phase II of Mombasa port terminal in Kenya . . .Completion of light rail construction project in Africa set for 2016
Posted on :Monday , 9th November 2015
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 the project is to ease the traffic situation in Lagos state that has been a tho. . .Automobile Companies paving way to big business in East Africa
Posted on :Saturday , 7th November 2015
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 delivering 10,000 vehicles a year to the region.
Foton designs and . . .Hyundai set to return to East Africa
Posted on :Friday , 6th November 2015
Hyundai Motors abandoned the EA market a decade ago, but is now looking to return. The company’s Regional Marketing Director Sam Lee says that while “Hyundai has been absent from East African roads for over a decade”, they now “consider the region as a significant market and will be making strategic investments to make Hyundai cars the leading models in the region.. . .
Mobius Motors to deliver Africa’s cheapest car
Posted on :Friday , 6th November 2015
Nairobi-based Mobius Motors recently announced and started pre-selling its Mobius II model, which will offer drivers a highly robust vehicle capable of tackling Africa’s rough rural terrain and will, importantly, be the most affordable SUV on the market, selling for around US$11,000 (other new models usually sell for about US$23,000). It achieves this price by offering a simplified . . .
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