Market News
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Industry Trend Analysis - East Africa\'s Automotive Investment
Posted on :Monday , 26th October 2015
Having unveiled its newly developed hybrid electric sedan, the Kiira EV SMACK, Kiira Motors Corporation (KMC) is currently seeking to raise USD350mn worth of investment to establish a new vehicle assembly plant in Jinja Industrial and Business Park in Uganda. If the necessary investment funds can be secured, the automaker has stated that production will begin in mid-2018 with a planned ca. . .
JKT, Polish firm to build tractor assembly plant in Tanzania
Posted on :Monday , 26th October 2015
The signing held at National Service (JKT) Headquarters was witnessed by Prime Minister Mizengo Pinda and former Polish president Lech Walesa, who is also a Nobel Laureate.
Premier Pinda said the deal was the outcome of his last year's visit to Poland where the east Europen country committed to provide 110 million US dollars for supply of tractors and cereal s. . .Tanzania begins the construction of largest port in East Africa
Posted on :Monday , 19th October 2015
Tanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize.
Officials in Tanzania believe that the construction of lar. . .East Africa: Newly constructed port terminal to start operation in mid 2016
Posted on :Thursday , 15th October 2015
Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be operational in June, 2016.
Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year.Tanzania: Mahindra to Open Tractor Factory in Zanzibar
Posted on :Tuesday , 13th October 2015
Zanzibar — Mahindra company from India is planning to open a tractor assembling plant here, Zanzibar President, Dr Ali Mohamed Shein, revealed here yesterday. Dr Shein said negotiations with the Indian company were currently going on. He also disclosed that his government would also purchase 100 tractors from the company to improve agriculture in the Isles.
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