Market News
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EAST AFRICA: BEST INVESTMENT DESTINATION IN 2019
Posted on :Friday , 8th February 2019
Report from Rand Merchant Bank (RMB) has forecasted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019.
East Africa being a performing region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI).Justifying to the report, Ethio. . .East Africa Vehicle Assembly Planning To Boost Automotive Industry
Posted on :Friday , 4th January 2019
Establishment of the Regional Automotive Industry Platform of East Africa has enhanced East African states to move towards integrated automotive market.
They instinct it will be productive for global automotive manufacturers to invest in the region in both assembly and component manufacture.The new platform (Raipea) aims to help the region save more than $2 billion in car import costs an. . .EAC works to Excel in Low Cost Car Assembly & manufacturing Plants in East Africa
Posted on :Friday , 28th September 2018
The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region.
This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summ. . .Hyundai introducing a new line up at Autoexpo Africa for Tanzania
Posted on :Saturday , 22nd September 2018
Tanzania offers many opportunities and the 21st Autoexpo Africa scheduled for November 2018 in Dar es Salaam is one of the mainstream avenues for marketing a global brand like Hyundai to the East African region. The company is preparing to introduce new products and is working on expanding its portfolio of vehicles to cater to the next generation car owner. Hyundai believes that people’s . . .
4 More Car Manufacturers Target East Africa for Local Auto Assembly
Posted on :Tuesday , 17th July 2018
Car Manufacturers are targeting East Africa to setup assembly line within the region of the continent.Simba Corp, a Kenyan company is in discussion with 4 automakers for setting up their assembly units in the country. While Chief Executive Officer of Simba Corp Adil Popat confirmed discussion with Renault of France about their assembling unit, the other car manufacturer showing interested is Ma. . .
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