After the Ever Given container vessel ran aground amid high winds and a standstorm in the Suez Canal last on Tuesday 23 March, effectively shutting off the important maritime route, international trade has been severely impacted but now service has resumed as the vessel has finally been pulled free
Logistics
SBI Motor Japan opens office in Dar es Salaam, Tanzania
SBI Motor Japan has officially established its first office in Dar es Salaam, Tanzania and started taking applications for new partnerships in the East African region
Autonomous vehicle to be a US$50bn opportunity by 2040, says Lux Research
Autonomous vehicle market is expected to be a US$50bn opportunity by 2040, and all vehicles will have Level 2 autonomy by 2039, according to Lux Research’s report: Autonomous Vehicle Market Forecast: Demystifying the $50 Billion Opportunity
NCBA Bank Kenya funds Tata vehicles throughout Kenya
NCBA Bank Kenya PLC has signed a partnership deal with Tata Africa Holdings to allow customers to acquire a range of commercial Tata vehicles with up to 95% financing for up to 60 months
JCB appoints new dealer in South African market
JCB has appointed Bell Equipment Sales South Africa (BESSA) to be its distributor in the key South African market for the full range of JCB construction equipment from 1 May 2021