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
Nigerian vice president Namadi Sambo. (Image source: GovernmentZA/Flickr)
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
Nestlés southern African infant nutrition business spreads over South Africa, Botswana, Namibia, Lesotho, Swaziland and Zambia. (Image source: bunmun/Flickr)
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
The Chinese trade mission has expressed an intention of investing in agriculture and pharmaceutical sectors apart from building a truck manufacturing unit. (Image source: four4dots/Flickr)
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
African businessman, investor and economist Tony Elumelu. (Image source: Tony Elumelu Foundation)
Heirs Holdings, which is owned by African businessman Tony Elumelu, has committed US$2.5bn for improving the African power sector
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André Bode, managing director of OTRACO. (Image source: Bridgestone South Africa)
The collaboration agreement could provide vital support for ports and maritime facilities. (Image source: Adobe Stock)
The new extra-heavy rigid trucks can be designed to carry electric superstructures for a wide range of specialised transport assignments. (Image source: Volvo Trucks)
Ricardo Canovi, country leader for South Africa, and George Gergiou, COO, Kocho. (Image source: Kocho)
The MoU was signed to support railway corridor and network development, as well as operations. (Image source: Adobe Stock)
The signing took place at Metito’s offices in Dubai. (Image source: Metito)
According to Gbadegesin, voluntary carbon markets are certainly posed for potentially significant growth. (Image source: Adobe Stock)
Africa has witnessed progress in expanding electricity access but a substantial portion of the rural population still lacks reliable access. (Image source: Synergy Consulting)
100 electric buses will be delivered in the country through the funding. (Image source: BasiGo)
The Bobcat range for logistics and material handling now consists of various product lines. (Image source: Bobcat)
