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AFRICA - THE NEXT GROWTH MARKET

Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities in the region. Over the past decade, Africa’s real.... Read more »

Posted on : Thursday , 24th November 2016

Turkish Exporters Target Africa

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has recorded an annual growth rate of 5 percent over the last decade and is expected to continue this trend in the coming years. Six out of ten fastest growing.... Read more »

Posted on : Wednesday , 23rd November 2016

Kenya Vehicle Manufacturers steps up assembly of Hyundai light trucks

 NAIROBI, KENYA: Kenya Vehicle Manufacturers (KVM) has stepped up the assembly of Hyundai light trucks for CICA Motors, the distributor for Kenya. To meet the demand for three and five tonne trucks.   The assembly of Hyundai light trucks by KVM commenced early in 2012 after an intensive training programme, followed by checks and tests by KVM quality controllers and trainers from Korea. Technical audit teams from Hyundai Motor Company.... Read more »

Posted on : Wednesday , 23rd November 2016

Dubai-based auto group opens regional customer experience academy

 The opening of the first Al-Futtaim Automotive Academy in Sub Sahara Africa, is part of the Dubai based automotive firm’s strategic effort to boost its customer experience and after sales capacity in East Africa.   Speaking when he officiated at the opening of the new purpose equipped training facility, the visiting Al-Futtaim Automotive Group President, Len Hunt said the investment in a state of the art technical training.... Read more »

Posted on : Tuesday , 22nd November 2016

Nissan Altima to be introduced

 The new Nissan Altima enters the local market fresh from its global redesign, which includes a new and dramatic exterior design, more and improved luxury features and a significant mechanical upgrade of the steering and suspension system. The new Nissan Altima features boomerang-shaped headlights, new front and rear bumpers and sculpted fenders. It is fitted with 17” alloy wheels, which perfectly complement the model’s dynamic.... Read more »

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