UK firm to acquire Kenyan logistics and oil firm Comarco for US$30m

UK firm to acquire Kenyan logistics and oil firm Comarco for US$30m

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KENYA – Anglo African Agriculture (AAA), a London Stock Exchange-listed company has announced plans to acquire the Kenyan-based privately-owned port and marine logistics group, Comarco Group (“Comarco”) in a deal valued at US$30 million (Ksh3.6 billion). The transaction will give AAA shareholders…

ECOWAS to implement automotive industry policy to reduce vehicle import

ECOWAS to implement automotive industry policy to reduce vehicle import

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GHANA – Economic Community of West Africa States (ECOWAS) is considering implementation of automotive industry policy to reduce importation of vehicles into the region. According to GNA report, the validation of ECOWAS Automotive Industry Policy Framework would enable member states countries to…

Kenya in talks with South Africa’s Transnet to operate seaport

Kenya in talks with South Africa’s Transnet to operate seaport

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KENYA – Kenya is in talks with Transnet, a South Africa based rail, port and pipeline company to operate a seaport currently being developed which it plans to partly use for planned oil exports. According to Bloomberg, Transnet is leading a group…

Suzuki, Toyota Tsusho, CFAO in joint venture to set up production plant in Ghana

Suzuki, Toyota Tsusho, CFAO in joint venture to set up production plant in Ghana

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GHANA -The Japanese multinational automobile manufacturing company, Suzuki Motor Corporation with Compagnie Française de l’Afrique Occidentale (CFAO) and Toyota Tsusho Corporation, have announced a joint plan to set up a production facility in Ghana. According to Mr Koichi Suzuki, Suzuki’s General Manager…