Japanese automaker Toyota has launched a US$4.9mn truck and bus assembly plant and showroom in Kenya in an attempt to improve its market share in the East African country
Business
Nigeria to strengthen trade ties with Canada
Nigeria has revealed plans to improve its economic relations with Canada in the areas of power generation, petrol chemicals, mining, aviation, agriculture, health, education and film production
Aspen to acquire Nestlé’s infant nutrition businesses in Africa and Australia
South Africas Aspen Pharmacare has entered into an agreement with Nestlé to acquire its infant nutrition businesses in Africa and Australia for US$215mn
Nigeria may soon draw Chinese investments
A Chinese trade delegation has expressed intent to establish a truck manufacturing plant in Nigerias Calabar Free Trade Zone (CFTZ)
Heirs Holdings commits funds for African power sector
Heirs Holdings, which is owned by African businessman Tony Elumelu, has committed US$2.5bn for improving the African power sector