China continues to flex infrastructure muscle in Africa
China Railway Construction Corporation Ltd (CRCC) has signed two construction deals in Africa worth a total of $5.5 billion. These projects will help promote expansion of the country’s presence across the continent while making its firms more competitive globally, and more critically tighten China’s grip on Africa’s infrastructure economy.
PSA/Peugeot-Citroen plans to build a car factory in Morocco as part of an effort to increase its sales in Africa
PSA/Peugeot-Citroen plans to build a car factory in Morocco as part of an effort to increase its sales in Africa, following in the footsteps of French rival Renault, two people familiar with the matter said.
Leading Korean car maker, Kia Motors Nigeria, has unveiled a new assembly plant in Nigeria
Leading Korean car maker, Kia Motors Nigeria, has unveiled a new assembly plant in Lagos, Nigeria’s commercial capital, in a bid to strengthen its presence in the local automobile industry. The United Vehicle Assembly Limited (UVAL) plant will produce 25,000 vehicles every year.
BMW, Nissan SA join forces to roll out electric vehicle infrastructure
BMW Group South Africa (BMW SA) and Nissan South Africa (NSA) on Monday signed a memorandum of agreement that would see the two vehicle manufacturers jointly plan and build a national grid of electric vehicle (EV) and plug-in hybrid vehicle (PHEV) vehicle charging stations for use by both Nissan and BMW vehicles.
