African Business News

Zimbabwe: Govt Splurges U.S.$50 Million On Military Vehicles

The cash-strapped Zimbabwe government has splurged about US$50 million on 633 vehicles which include all-terrain troop-carrying trucks, water cannons, buses and equipment, mostly used by military and police, as it secretly bolsters its instruments of repression to combat any possible Arab spring-style uprising due to the explosive socio-economic situation in the country, it has emerged.

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Nigeria: Volkswagen Emerges World's Biggest Automaker Ahead of Toyota

Barely one month after Volkswagen restarted production at the Nigerian plant to increase global market and sales potential, the auto company on Wednesday emerged world's largest carmaker by sales in the first half year, achieving its long-held ambition three years ahead of target.

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South Africa: Anticipated Fuel Price Drop Could Be Short-Lived

Although an anticipated fuel and diesel price decrease will greatly help deeply indebted consumers, the relief might be only temporary, cautioned Debt Rescue CEO Neil Roets on Friday.

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Kenya: GM, Auto Express Sign Deal for After Sales Service

Nairobi — General Motors East Africa (GMEA) Limited has signed a partnership with Auto Xpress that will see the company expand its after sales service network.

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