CHINA’S KEEN INTEREST IN THE AFRICAN AUTOMOTIVE MARKET
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- Category: Automotive
- Published on Monday, 28 November 2016 09:47
- Written by Super User
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The global automotive business is in its most disruptive era since the advent of the industry over a century ago, creating an abundance of opportunities for new and established companies in the global automotive market. Analysts anticipate the market to grow by 2%, reaching 91 million new units sold in 2016.
The African economy has seen steady growth for the past decade and even with sustained low oil and commodity prices, the automotive industry is expected to grow considerably in most countries. Africa is forecast to grow between 3% and 3.7% in 2016 with East Africa retaining its position as the fastest growing region on the continent.
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Turkish Exporters Target Africa
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- Category: Automotive
- Published on Wednesday, 23 November 2016 12:38
- Written by Super User
- Hits: 4474
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 economies in the world are now in Africa. Economic predictions indicate that Africa will be a $29 trillion economy in 2050, larger than the 2012 combined GDP of the US and Eurozone.
Kenyans to run standard gauge railway once complete
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- Category: Automotive
- Published on Friday, 12 August 2016 12:06
- Written by Super User
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The standard gauge railway in Kenya will be fully run by Kenyans after its construction is completed the country’s transport ministry has said. The government of Kenya sees skills transfer as a major issue in order to ensure seamless operation and management of the railway line upon its official launch.
Kenya’s Principal Secretary for Transport Irungu Nyakera says that the current jobs that are being done by the Chinese will be left to Kenyans who are currently training on Railway technology.
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AFRICA'S MOST DYNAMIC AUTOMOTIVE & SPAREPARTS EXHIBITIONS
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- Category: Automotive
- Published on Thursday, 27 October 2016 09:14
- Written by Super User
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EXPOGROUP WORLDWIDE brings to you another edition of the hugely successful AUTOEXPO AFRICA, to be held in Kenya at the Kenyatta International Conference Centre (KICC), Nairobi from 11 - 13 April, 2017; in Tanzania at the Mlimani Conference Centre, Dar es Salaam from 16 - 18 August, 2017 and in Ethiopia at the Millennium Hall, Addis Ababa from 12 - 14 May, 2017.
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Kenya’s Automobile Industry Booming, Despite Challenges
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- Category: Automotive
- Published on Wednesday, 27 April 2016 11:02
- Written by Super User
- Hits: 3317
With the recent introduction of one of the luxury car dealer Porsche on its market, the automobile industry in Kenya has been immediately ranked as one of the most dynamic sectors of the East African economy competing on pricing and brand reputation, despite the challenge related to the availability of spare parts.
Among the key auto industry looking to launch their assembly factory in Kenya in a move to avoid 25 percent currently being applied on imported vehicles, it includes India's Tata Motors which is looking to make strategic investments in East Africa through f ighting for dominance in jeeps and pickup truck market by 2017.
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