Market News| Africa Business News

High visibility in the heart of Africa

Vice President M. Hamid Ansari’s tour of West Africa in end September, his second in five months, took him to Nigeria and Mali. His previous tour of North Africa covered Morocco and Tunisia. The latest tour may not have excited the national media, but it is imbued with significance for three reasons. First, it marked the end of over a year – from March 2015 to September 2016 – that saw unprecedented political.... Read more »

Posted on : Thursday , 20th October 2016

Iconic Ford Mustang Ponies Up In Kenya�s Right-Hand-Drive Market

Kenya is the second country in Africa after South Africa where Ford Mustangs will be available now that Ford has begun producing a right-hand drive version at its assembly plant in Flat Rock, Michigan, U.S.A. Mark Kass, CEO of CMC Motors, said competition in the auto industry had become stiff and the Mustang is expected to position the dealership favorably in the luxury car market, The Citizen reported. The luxury.... Read more »

Posted on : Wednesday , 19th October 2016

PSA Makes Europe Player in Ethiopian Auto Industry

French automaker PSA Group turns to Ethiopia to launch assembly of Peugeot 2008, 301 and 208 models. PSA opened the new $1.2 million assembly plant in partnership with Mesfin Industrial Engineering, a local business that built the factory in Tigray in the northern region of the East African country. It is expected initially to assemble 1,200 vehicles yearly for sale to Ethiopia’s growing car market and to neighboring.... Read more »

Posted on : Wednesday , 12th October 2016

Tata strikes deal with South African car hire company

Automobile manufacturer Tata has struck a deal with a major South African car hire company to supply Tata Bolt 1.2 Turbo hatchbacks for its national rental fleet. Tata declined to disclose the exact number of vehicles, except to say that it was "a substantial number." The Bolt, which was recently introduced in South Africa, will be offered at a competitive hire charge which will be one of the.... Read more »

Posted on : Tuesday , 11th October 2016

Mercedes-Benz SA launches South Africa's first automotive Facebook Messenger Chatbot

Lauded as one of the most scalable communication touchpoints this year, Facebook captured headlines with the launch of Facebook Messenger Chatbots in April 2016. Digital performance agency iProspect SA recognised, that this technological development provided an unprecedented opportunity for Mercedes-Benz South Africa (MBSA) to leverage its fan base of over 1 million users to meet their client's business goals and engage their target.... Read more »

Posted on : Friday , 7th October 2016

New report examines the Bearing Market dynamics, forecast and supply demand 2015-2020

Bearing is an essential part of machinery which helps to reduce the friction of motion and increases the smoothness of machine. Bearings are widely use in automotive industry which helps to increase the speed of vehicle. Bearing reduces the friction between fixed and moving machine parts. However, it requires consistent maintenance to prevent early failure. The desperate need for energy-efficient vehicles and the expanding demand for.... Read more »

Posted on : Thursday , 6th October 2016

Tanzania: Our Own Motorcycle Engine Is Here

Hussein Rashid, 38 is the first Tanzanian creator of motorcycle engine. He has always loved mechanics since he was five years old. His father inspired him into fixing and creating toy cars. "When I was younger my friend's parents used to buy toys for them but for me my father would always encourage me to create mine and that is how I developed the passion in mechanics" he says. Talking about when he started.... Read more »

Posted on : Wednesday , 5th October 2016

Hero MotoCorp develops three Dawn motorcycles for Africa market

Hero MotoCorp Ltd has developed three motorcycles for Africa as it seeks to establish itself in overseas markets, six years after the company ended a partnership with Honda Motor Co. that restricted exports. Powered by 100cc, 125cc and 150cc engines, the Dawn brand of motorcycles will go on sale in some African markets by March, with a large focus on Nigeria, the region’s largest two-wheeler market, according to Hero.... Read more »

Posted on : Tuesday , 4th October 2016

Incentives to attract investment in Kenya's automotive industry

Kenya's removal of excise duty on locally assembled cars will boost the industry, but the government must make power supplies cheaper and address other concerns to draw more investment, the automobile industry association chief said on Thursday. With little growth in mature markets, automakers are looking to tap into emerging African markets, but there is plenty of competition on the continent for where they might.... Read more »

Posted on : Monday , 3rd October 2016

Kenya: Toyota Targets More Kenya Contracts After Signing Deal

Japanese conglomerate Toyota Tsusho Corporation is eyeing more big-ticket contracts in Kenya after signing a support deal with the government. The Nagoya-based company, a unit of the Toyota Motor Corporation, says it is ready to undertake several projects in diverse sectors of the economy including mining and power generation. This will significantly expand its business in Kenya from the mainstay motor dealership which it.... Read more »

Posted on : Monday , 3rd October 2016

Maruti Suzuki India clocks 15 lakh vehicle exports

Passenger vehicles market leader Maruti Suzuki India has clocked cumulative exports of 15 lakh (1.5 million) vehicles. These vehicles have been exported to over 100 countries including Europe, Latin America and Africa, the company said in a statement. Early this year, the company's premium hatchback Baleno, manufactured exclusively in India, became the first car to be exported from India to Japan. The company started exports to.... Read more »

Posted on : Saturday , 1st October 2016

Davies urges Tesla to invest in South Africa

Trade and Industry Minister Dr Rob Davies, who is attending Monday’s Africa Growth and Opportunity Act (Agoa) forum in Washington DC, made the most of an opportunity at a business breakfast on Sunday to encourage an investment by South African-born entrepreneur Elon Musk in the country of his birth. The DTI said Davies, who was meeting with investors at the breakfast, had urged Musk’s company, Tesla, to work with his.... Read more »

Posted on : Thursday , 29th September 2016