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Market News

  • Newly constructed light rail system in East Africa starts operation

    Posted on :Friday , 25th September 2015

     The mega electrified light rail system in Ethiopia which cost US$ 475m during construction has finally commenced operation, head of Ethiopia Railways Corporation Getachew Betru has confirmed.
    The rail construction project was largely supported by China’s Export-Import Bank.
     
    The 32km light rail system in Ethiopia which is Africa’s fi. . .

  • Toyota\'s drive to expand in Africa

    Posted on :Monday , 14th September 2015

    Car manufacturer Toyota is well known, but Toyota Tshusho less so. We spoke to the trading subsidiary to find out more about its African operations.

     
    Toyota Tsusho, established in 1948, is the sole general trading company within the Toyota Group. It has some 53,000 employees and its global network encompasses Japan, approximately 90 other countries and over 950 conso. . .

  • Kia Motors\' new assembly plant in Africa to make 25,000 vehicles annually

    Posted on :Wednesday , 9th September 2015

     Leading automobile brand Kia Motors Nigeria has unveiled a new assembly plant in Lagos, which is expected to produce 25,000 vehicles every year

     
    The plant named United Vehicle Assembly Limited (UVAL) will be part of Nigeria's robust automotive policy of making the nation a leading manufacturing hub, said officials from UVAL.
    Nigerian minister for in. . .

  • A Modern Engine Factory in East Africa to be constructed

    Posted on :Friday , 4th September 2015

     The construction of a new mega modern engine factory in Ethiopia has commenced. The Ethiopian government is constructing a new engine factory that can manufacture different types of engines.

     
    The industrial unit is set to manufacture about twenty to thirty thousand different types of engines for tractors, cars, trucks, building industry machines and other small. . .

  • Uber and Kia combine for driver deals in Lagos

    Posted on :Thursday , 3rd September 2015

    E-hailing taxi company Uber is reportedly negotiating cheaper deals for new vehicles with Kia to boost its number of drivers fivefold in the Nigerian city of Lagos.

     
    Bloomberg reported that Uber is hoping the low-cost deals will help boost its driver tally in Lagos – Africa's most populous city – to 3,000 by the end of next year.
     
    . . .

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