Ford announces $1 billion investment to expand production in South Africa
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Ford announces $1 billion investment to expand production in South Africa

American automaker Ford Motor will invest $1.05 billion in its South African manufacturing operations, the firm announced on Tuesday, and expand production of its signature brand, the Ranger pickup truck. The investment aim to increase Ford’s installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallar, operations director of Ford’s International Market…

Ethiopia launches construction of new railway line to Djibouti’s port
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Ethiopia launches construction of new railway line to Djibouti’s port

Ethiopia has launched the construction of a new railway line that will link its market town of Awash with Djibouti’s port. The project is contracted by China Civil Engineering Construction Cooperation (CCECC), further extending Chinese dominance in Ethiopia’s developing economy. The landlocked country currently has two rail lines that connect the interior with Port Djibouti,…