Market News
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Hyundai Unveils $5m Assembly Plant In Mozambique
Posted on :Monday , 24th November 2014
Hyundai, a South Korean automotive manufacturer, has unveiled a $5.45 million Hyundai car assembly plant in Mozambique’s capital city, Maputo.
Low cost Kenya-made car goes on sale at Sh950,000
Posted on :Saturday , 15th November 2014
A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago.
Matchedje Motor, Mozambique to expand local vehicle manufacturing factory
Posted on :Saturday , 15th November 2014
Matchedje Motor, a sole national automotive company that on Thursday last week launched campaign to sell its first 100 all-terrain vehicles priced at US$19,600, is planning a second-phase expansion of its vehicle manufacturing factory to produce 100,000 vehicles annually.
Nairobi signs US$75 million transport deal with Chinese auto manufacturer
Posted on :Friday , 14th November 2014
The Nairobi county has signed a US$75mn deal with Chinese auto manufacturer Foton Motor to buy 266 buses for the city’s metro transport system.
Honda Motor : Unveils New Models in Kenya
Posted on :Friday , 14th November 2014
Japanese car maker
Honda Motors has unveiled new-generation high-end vehicles in the country in a bid to tap into the increasingly expanding new motor vehicle market.
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