Kenya, the economic, commercial, and logistical hub of the entire East African region and the most developed economy in Eastern Africa, is growing rapidly. The economy grew by 5.3% in the year 2012 and is projected to reach 10% growth by 2017 as the government takes steps to enhance Kenya’s economic competitiveness. The Automotive industry in Kenya is primarily involved in the retail and distribution of motor vehicles.   There.... Read more »

Posted on : Saturday , 24th October 2015

 Tanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize.   Officials in Tanzania believe that the construction of largest port in East Africa will not only boost the economy of the tourist.... Read more »

Posted on : Monday , 19th October 2015

 Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be  operational in June, 2016.   Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year.   The terminal which has a capability of increasing container space by 450,000.... Read more »

Posted on : Thursday , 15th October 2015

Zanzibar — Mahindra company from India is planning to open a tractor assembling plant here, Zanzibar President, Dr Ali Mohamed Shein, revealed here yesterday. Dr Shein said negotiations with the Indian company were currently going on. He also disclosed that his government would also purchase 100 tractors from the company to improve agriculture in the Isles.   "Mahindra is one of the biggest companies globally and its expected.... Read more »

Posted on : Tuesday , 13th October 2015

Regional auto assembly plants can now fully enter the Tanzanian market after the lapse of an East African Community October deadline for Dar to lift a 30 per cent excise duty on locally assembled vehicles.   Previously, Tanzania had complained of some partner states breaching the rules of origin by allowing vehicle assembly firms to resell imports without any significant value addition. This led to the standoff that saw Dar tax these.... Read more »

Posted on : Monday , 12th October 2015

 The construction of the Lagos Rail Mass Transit construction Project in Nigeria is in good progress. Also known as Blue Line project, the project is expected to ease transport need of the fast growing population in Lagos.The project construction is being supported by the government of the United Kingdom.   London mayor Alderman Alan Yarrow led a team of London business delegation on a round-table meeting to discuss the progress of.... Read more »

Posted on : Monday , 12th October 2015

 Construction of the Mass Rapid Transit System in Kenya  which will cost US$ 4m is set to be launched in the capital Nairobi and will be fully funded by the National Treasury.   The acting Director-general of public debt management at the Treasury, Jackson Kinyanjui confirmed the reports and said that the Ministry of Transport and Infrastructure accepted the proposal for the allocation of US$4m for the construction of the Mass.... Read more »

Posted on : Monday , 12th October 2015

 Mahindra company from India is planning to open a tractor assembling plant here, Zanzibar President, Dr Ali Mohamed Shein, revealed here yesterday. Dr Shein said negotiations with the Indian company were currently going on. He also disclosed that his government would also purchase 100 tractors from the company to improve agriculture in the Isles.   "Mahindra is one of the biggest companies globally and its expected branch in.... Read more »

Posted on : Thursday , 8th October 2015

 The  construction of a multi-million dollar new Airport in Nigeria is set to kick off at Ekiti State after a spate of delay. The airport project will be executed on 4000 hectares of land.   The construction project was initially approved in 2009 during the administration of the late Umaru Musa Yar’Adua, since then the project has experience neglect due to lack of political will for its implementation by the previous.... Read more »

Posted on : Thursday , 8th October 2015

 German carmaker Volkswagen plans to spend 4.5 billion rand ($343 million) to upgrade its factory in South Africa and improve its supplier base, it said on Thursday. Most of the money would be used to revamp its factory in Uitenhage in Eastern Cape province to produce new models, Thomas Schaefer, head of Volkswagen's South African unit, said. VW has been pushing for greater scale under Chief Executive Martin Winterkorn's eight-year reign,.... Read more »

Posted on : Tuesday , 6th October 2015

 Rising demand for commercial vehicles and luxury cars pushed new and used motor-vehicle registrations in Kenya to nearly 100,000 units last year, according to the Kenya National Bureau of Statistics.   Reporting in the agency’s 2015 economic survey, director general Zachary Mwangi notes the 102,606 newly registered motor vehicles in the country in 2014 was up about 9.0% from 94,017 units in 2013. Both totals include.... Read more »

Posted on : Tuesday , 6th October 2015

 Ford Motor Co. said it plans to assemble its Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East.   The Nigerian assembly plant, in partnership with Ford dealer Coscharis Motors Ltd., is the first outside South Africa, where Ford produces the Ranger for 148 markets, the automaker said in a statement today.   "Nigeria is a priority market for us in sub-Saharan.... Read more »

Posted on : Tuesday , 6th October 2015