Headlines
- Government Kickstarts Sh8.1 Billion Equalisation Fund Projects across 34 Counties
- Tanzania Signs $35 Million Deal for Jangwani Bridge Project Construction
- Multi-Billion Road Project Set to Boost Thika’s Industrial and Economic Prospects
- Tanzania's New $5 Billion Administrative Capital: Magufuli City Underway
- Construction Begins on Tanzania's Multibillion 22-Storey Twin Towers in Nairobi
- 2024-25 Budget Speech Highlights the Growth and Priorities of Tanzania's Construction Sector
- More Than 19 Companies To Represent 'Saudi Made' At BUILDEXPO Africa 2024
- Record breaking figures at Kenya's biggest construction trade exhibition
- Kenya Unveils $2 Billion Plan for New Nairobi Airport Project amid Growing Pressure on JKIA
- Tanzania Gives Go-Ahead to Massive Sh80.85 Billion Mbamba Bay Port Construction Project
Lifan plans new assembly plant in Ethiopia
Lifan Industry Group Co, a Chinese automaker, plans to spend $3.5 million moving into a new vehicle-assembly plant in Ethiopia next year as it seeks to expand in Africa, General Manager Liu Jiang said.
The company’s Ethiopian unit, Yangfan Motors Plc, may begin manufacturing cars in nation and spend as much as $30 million over five years if sales continue to grow, he said in an interview in the capital, Addis Ababa. Lifan is basing its African operations in Ethiopia because of the country’s “good relations” with China, its growing economy, low crime rate and political stability, Liu said on Friday.
Source : abdas.org
Posted on : 30 Nov,-0001
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