Uber Sees Opportunity for Minibus Service in Nairobi
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- Category: Automotive
- Published on Thursday, 15 November 2018 11:34
- Written by Super User
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Uber Technologies may roll out a new service in Kenya to help user’s book seats on minibuses that ply the streets of the congested capital, if tests on the product in Egypt and Mexico prove successful, a company executive said on Wednesday.
Uber estimates that more than a third of Kenyans in Nairobi use the often crowded minibuses, known as matatus, as their main form of transport around the city, Uber’s East Africa General Manager Loic Amado told Reuters.
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Volkswagen in view of entering Ethiopia
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- Category: Automotive
- Published on Friday, 12 October 2018 06:53
- Written by Super User
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Volkswagen is considering a component assembly plant in Ethiopia, in addition to the two recently announced assembly plants in Ghana and Nigeria.
The foray into Africa represents a growth opportunity for the car maker in light of the expected recovery of the continent’s economies recently hit by the downturn in commodities. According to the Export-Import Bank’s Africa Trade Report 2018, African economies will grow by
East Africa 's Low cost car assembly and manufacturing plants head up for success
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- Category: Automotive
- Published on Friday, 28 September 2018 11:20
- Written by Super User
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The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region.
This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summit.
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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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