African Business News

Toyota Launches $4.9m Assembly Plant In Kenya

Japan’s largest automaker Toyota, Tuesday launched a Sh500 million ($4.9 million) truck and bus assembly plant and showroom in Kenya in a move to steal market dominance from competitor, Ford.

Kazuhiko Wanabe, GM Hino Motors – the of the subsidiary under which Toyota is producing the vehicles, disclosed

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Wesbank South Africa Car of the Year 2013 - 3D Car Shows

Sandton Convention Centre, Johannesburg. The Porsche Boxster entered the record books in South Africa today by becoming the first Porsche model in the history of the competition to win the prestigious WesBank / SAGMJ Car of the Year competition. The 2013 iteration of the competition was also the first year in which a Porsche was

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Luxury car travel comes of age in Kenya and sets the stage for big business

In 2008, two brothers, Ash Sadique and Wayne Fernandes, invested Sh4.5 million in an eight-metre Isuzu Trooper which could comfortably accommodate 15 people for a classy ride.

Mr Fernandes said their business was so successful that an additional limousine was inevitable, eventually giving rise

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South Sudan Oil Exports Expected To Reach Global Markets In May

South Sudan’s crude-oil exports are expected to reach the international market by May, Wall Street Journal (WSJ) reported on Wednesday, citing a top official at the national oil company.

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