Rwanda Airport, Kigali

Rwanda airports open the country to international trade

As a landlocked country, Rwanda’s opportunities for expanding business are not quite as extensive as those enjoyed by other countries in the East Africa region. One way of overcoming that is air transport, but despite a robust economic growth over the past few years, Rwanda is held back by a lack of world-class aviation infrastructure. “The aviation industry is critical to Rwanda,” says Clare Akamanzi, chief operation officer of the Rwanda Development Board. “Not only does it connect Rwanda to the [...]

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Zimbabwe new currency

Zimbabwe launches new currency to boost economy

Zimbabwe has launched its own new currency for the first time since the year 2009, aiming to meet a worsening cash shortage. The Reserve Bank of Zimbabwe introduced the new currency, called bond notes. Each bond note is worth one US dollar. The newly introduced cash substitute is legal tender in Zimbabwe, but is not yet valid outside Zimbabwe. Initially, the banks would circulate an amount worth $10 million in the system in two and five dollar denominations. The notes’ [...]

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Nigerian Naira

Exports to Nigeria Slump Due to Currency Devaluation

Egypt and Nigeria have decided to do away with their dollar pegs —triggering massive devaluation. What will be the longer term implications for these economies as they charter a new path towards greater economic independence. Exports to Nigeria and Egypt have come to a virtual standstill as imports have become expensive for importers in these countries. Nigeria, the home of Africa’s largest economy, recently unpegged its currency the naira, from the US dollar. This was a result of many businesses [...]

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Ethiopia automobile industry

Ethiopia’s Booming Automobile Market

Ethiopia is among Africa’s most impressive growth performers over the past decade averaging 10.9% annual growth between 2005 and 2015. With a GDP of US$63 billion in 2015 it is the ninth largest economy in Africa and the third largest in Eastern Africa. After Nigeria, the country is also home to the continent’s second largest population of 90 million people in 2015 and a [...]

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Tanzania Tyre Market: Developing Into A Mature Market

Tanzania tyre market is evolving into an important business sector for the East African nation. Tanzania is in talks with six multinational companies over plans for a joint venture to revive General Tyre East Africa, the giant tyre manufacturing plant in Arusha. The state-run National Development Corporation (NDC) said that three Asian corporations and another three from America, Europe and Africa have approached the [...]

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Automobile Kenya

Kenya: The New Automotive Hub of East Africa

Kenya’s GDP per capita is expected to reach US$1,432 by the end of 2015 and to grow at a CAGR of 7.5% between till 2020. This is expected to result in an increase in private consumption and amongst other things, drive the sales of motor vehicles. Expenditure on the purchase of cars, motorcycles and other vehicles accounted for 1.5% of total consumer expenditure [...]

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The African Automotive Market Growing At Tremendous Pace

  The African automotive market is relatively small. In 2014, there were just over 42.5 million registered vehicles in use in Africa – a continent of approximately one billion people. As a result, the motorisation rate on the continent is only 44 vehicles per 1,000 inhabitants. This is far below the global average of 180 vehicles per 1,000 inhabitants, and lower than other developing regions [...]

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Nigeria Automotive Market

The Nigerian Tyre Market: Changing Priorities

  Globally, the leading tyre manufacturers today include Bridgestone, Michelin, Goodyear, Continental, Pirelli and Sumitomo (for Dunlop brand). World production of tyre is estimated to be 860 million units annually. Within Africa, significant tyre factories exist in Egypt, South Africa and Zimbabwe. the Nigerian tyre market is now emerging as a leading importer of tyres in West Africa. The Nigerian tyre industry took off shortly [...]

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