September 20, 2018


OLX Group invests ZAR 1.4 billion in South Africa’s Webuycars

Naspers’ Classifieds business, OLX Group, has announced an investment of ZAR 1.4 billion in South Africa’s specialised car buying service, Webuycars.

Webuycars operates a used car marketplace in South Africa offering a specialised car buying service to sellers and was founded 17 years ago by Faan and Dirk van der Walt. The hands-on entrepreneurs have built the business into a large and successful player in the used car buying space,"...

Continue Reading >

September 8, 2018


Rockwell Automation Board of Directors Approves $1 Billion for Common Stock Repurchase

The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK) today authorized the company to expend up to an additional $1 billion to repurchase shares of Rockwell Automation common stock. This is in addition to the authorization on January 15, 2018, to repurchase $1 billion worth of common stock, of which approximately $245 million was remaining as of September 5, 2018.

“Our Connected Enterprise strategy generates strong, sustainable cash"...

Continue Reading >

September 6, 2018


Luxembourg car exports: Algeria, UAE top markets

In 2017, the main non-European Union (EU) countries Luxembourg imported cars from were Japan, at 70%, and Switzerland and Serbia, both at 15%, according to a study by Eurostat.

On exports, Luxembourg's top non-EU partners were Algeria (42%), the United Arab Emirates (40%) and Hong Kong (18%).

Over 2017, the Grand Duchy's car exports to countries outside the EU"...

Continue Reading >

September 5, 2018


Ghana: Work on VW Automobile Plant to Start Before Year End

German car manufacturer Volkswagen’s (VW) vehicle assembly plant would be set up in Ghana by the last quarter of 2018, a government official has said.

“We have just signed an MoU; it has to be properly implemented. Ghana doesn’t have to go to Germany, we have signed an MOU with Volkswagen South Africa. We have the framework already. Hopefully, by the last quarter of this year, they should start setting up the plant,” said"...

Continue Reading >

September 5, 2018


Angola signs $170 million contract for supply of ten locomotives

Angolan Railways, the consortium of Andrade Gutierrez and Zagope Angola have signed a contract valued at $169.3 million for the supply of 10 diesel locomotives with a capacity to carry seven thousand passengers.

The contract was signed by the deputy director general of the National Railways Institute of Angola (INCFA), Aimé Tombuele, and the director of Andrade Gutierrez, Júlio Oliveira, witnessed by the Minister of Transport, Ricardo"...

Continue Reading >

September 1, 2018


Maxion Wheels to Showcase Innovation Truck Wheel Portfolio during IAA Commercial Vehicles 2018

Maxion Wheels, the world’s largest manufacturer of wheels, announced today its participation in the 67th IAA Commercial Vehicles exhibition in Hanover, Germany. From Sept. 20 – 27, 2018, Maxion Wheels will display both its application-diverse truck wheel product portfolio, as well as present several of its latest innovation wheels designed to tackle the industry’s challenges of fuel efficiency, connectivity and new mobility in Hall 26 / Stand A42.


Continue Reading >

August 29, 2018


Angola, Germany sign transport agreement

Angola and Germany have signed an agreement of intent providing for cooperation in the fields transports, as part of the president João Lourenço's visit to the European country, announced the Transport minister, Viegas de Abreu.

Viegas de Abreu said that the agreement opens up the possibility for signing specific cooperation protocols in different sectors of transport, particularly in the field of mobility.


Continue Reading >

August 29, 2018


Algeria’s improving road safety

Algeria is seeing a major improvement in road safety due to a combination of better driver education and tougher enforcement actions. Official figures show a 59% drop in road crashes in the last three years. In the period from 1st January to 17th August 2014 there were 24,388 recorded road crashes compared with 20,631 for the same period in 2015, 14,452 in 2016, 10,505 in 2017 and 6,928 in 2018.

During the first seven months of 2018 there were 5,076"...

Continue Reading >

Forex News Headline

Forex Market Video