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US Pledges Funds To Power Africa

The announcement of a new initiative by US President Barack Obama to improve electricity infrastructure in Africa through a number of US funding vehicles indicates a shift in strategy toward the...

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Foton Bets Further On EAC Truck Demand

Chinese commercial vehicle manufacturer Foton is looking to increase its production presence in the East Africa region with plans to build a plant in Uganda. As the company already has an assembly...

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CMC H113 Profits Fall On Low Demand

Kenya-based CMC Holdings, the exclusive distributor of Ford Motor in the country, registered a 59% year-on-year decline in pre-tax profit during H1FY13, owing to low demand before the presidential...

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