EAST AFRICA - Hyundai Construction Equipment (HCE), an affiliate of the Hyundai Heavy Industries Group, has signed a distributorship agreement with construction equipment dealer NEFC,…
SOUTH AFRICA - IA BELL, the family-owned company that holds 38.7 percent of Bell Equipment, is paying US$0.68 a share for an additional 31.7 percent…
UGANDA - Uganda’s automotive company Kiira Motors has expanded its of offerings to the market as it stirs up domestic motor vehicle manufacture and assembly. …
KENYA - Cigarette manufacturer BAT Kenya has posted a 42% jump in net profit for the year ended December 30, 2020. The company’s net profit…
EGYPT - IFC, a member of the World Bank Group, has announced a financing package worth US$30 million for leading glassware manufacturer Pasabahce Egypt for…
SOUTH AFRICA - MERCEDES-Benz South Africa’s (MBSA’s) has spined-off Daimler Trucks and Buses Southern Africa (DTBSA) to Daimler Truck AG, a subsidiary of Daimler AG,…
SOUTH AFRICA – Johannesburg Stock Exchange (JSE) listed Ellies Electronics has applied to the high court in South Africa for the liquidation of its manufacturing subsidiary,…
KENYA – Automotive and engineering products dealer Car &General (C&G) has invested an additional US$353,736 in microlender Watu Credit Limited, raising its stake in the company…
KENYA - The board of directors of Sameer Africa Plc has announced it's decsion to return to the tyre businesses after one year break, the…
NIGERIA - bCODE, a multi-brand retailer for wellness fashion and lifestyle, has announced the opening of their Adidas store in Nigeria (Lagos and Abuja). The…