Nairobi — France has overtaken Japan as Kenya's second-largest bilateral creditor accounting for 2 percent of external debt.   France has extended credit in the form of concessional Treasury loans and credit-export guarantee to a tune of Sh78 billion.   French Minister for the Economy and Finance Michael Sapin said France will continue its increased focus on supporting the private sector through the financing of the banking.... Read more »

Posted on : Wednesday , 8th February 2017

 On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees.   Expogroup, a pioneer in the trade show industry.... Read more »

Posted on : Friday , 3rd February 2017

Chinese vehicle manufacturer King Long has formally started importation of its buses in the Tanzanian market through an agent Pwani Motors Limited.   Speaking during the launch of the sales at the weekend which was attended by bus operators in Tanzania, the company's marketing manager for the Southern Africa region, Mr Danny Fu, said the entry in to the Tanzanian market followed an intensive market research.   "We conducted a.... Read more »

Posted on : Tuesday , 24th January 2017

Kenya’s GDP per capita is expected to grow at a remarkable compounded annual growth rate of 7.5% between 2000 and 2020 which is expected to drive an increase in personal consumption and sale of motor vehicles. The purchase of cars, motorbikes and other commercial vehicles accounted for 1.5% of total consumer expenditure last year and is expected to steadily grow till 2025 as incomes continue to rise. Supporting and engaging the East.... Read more »

Posted on : Monday , 23rd January 2017

 Four locomotives and two Shatners (railway engines) arrived at the port of Mombasa on Monday as the Sh372 billion Standard Gauge Railway takes shape. Kenya Ports Authority managing director Catherine Mturi-Wairi received the cargo that arrived aboard MV Kota Bistari from the manufacturer, China Railway Rolling Stock. The locomotives have been brought into the country by the Chinese Engineering, Procurement and Construction Company and.... Read more »

Posted on : Thursday , 12th January 2017

 The completion of the Addis Ababa-Djibouti Railway, a new 752km track linking Ethiopia's capital with the Port of Djibouti, was officially marked today at a ceremony at Nagad Railway Station in Djibouti. In the presence of Djibouti's President, His Excellency Ismail Omar Guelleh, and Ethiopia's Prime Minister, His Excellency Hailemariam Desalegn, and senior officials from across the region, the new railway linking Djibouti to Ethiopia was.... Read more »

Posted on : Thursday , 12th January 2017

ADDIS ABABA -- Ethiopia has grand ambitions for its tiny auto industry, seeking to transform a handful of assemblers that bolt together imported kits into a network of factories that can make the country Africa's biggest car manufacturer over the next two decades.   Ethiopia produces about 8,000 commercial and other vehicles a year for the home market, about a quarter of which are cars. But executives say they have capacity to make more.... Read more »

Posted on : Thursday , 5th January 2017

 The Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicle (AV) market will reach a total global value of $35 billion in 2020, before a fourfold increase to reach $144 billion in revenues by 2025, according to a new study from Juniper research. The new research, Autonomous Vehicles & ADAS: Adoption, Regulation & Business Models 2016-2025, found that whilst ADAS still lacks significant mass market penetration, its.... Read more »

Posted on : Thursday , 5th January 2017

 The University of Ilorin has produced an automobile speed limiter that could be used by any vehicle including jeep, car, bus and truck. Prof. AbdulGaniyu Ambali, the Vice-Chancellor of the University, disclosed this on Tuesday in Ilorin, Kwara State while speaking with newsmen. Ambali noted that the feat was in response to the challenge thrown at institutions of higher learning in the country by the National Universities Commission. He.... Read more »

Posted on : Wednesday , 4th January 2017

  Details of the new fourth generation Suzuki Swift have been revealed, featuring new-look styling and a modernised interior.       The Swift is the most popular model on offer from Suzuki in South Africa and it has racked up over 5.3 million global sales since its launch way back in 2004. Suzuki is well-known for building reliable and affordable cars and the current Swift model delivers good ride and handling while.... Read more »

Posted on : Friday , 30th December 2016

 The Ford Ranger was crowned the 2016 Pick-up of the Year by the Nigeria Auto Journalists Association (NAJA), reinforcing its status as a segment-defining model in the highly competitive light commercial vehicle sector. The Ranger beat the Toyota Hilux and Mitsubishi L200 pickup for the coveted award. The award, which was accepted by the marketing team of Coscharis Motors, the sole authorised Ford dealer in Nigeria,at the prestigious NAJA.... Read more »

Posted on : Friday , 23rd December 2016

 French auto major Renault will start exporting its small car Kwid to South Africa, Bhutan and Bangladesh from India next year as it prepares to take the popular hatchback to various global markets. The company, which launched the car in India with 98 per cent localisation in 2015, has already started exporting the hatchback to Sri Lanka, Nepal and Mauritius. "We started exports of Kwid with Sri Lanka, followed by Nepal and now we are.... Read more »

Posted on : Friday , 23rd December 2016