Ford Motor Company (F.N) will start assembling its best-selling Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East, the U.S. automaker said on Tuesday.
The Nigerian assembly plant, in partnership with Ford dealer Coscharis Motors Limited, is the first outside South Africa, where Ford produces the Ranger for 148 markets.
Liberty Holdings plans to invest up to $80 million on two deals in Nigeria by year-end, as part of a five-year strategy by South Africa’s No.4 insurer to expand further into sub-Saharan Africa, its chief financial officer said.
Like rivals, Liberty is expanding elsewhere in Africa as growth prospects attract the attention of corporate executives and promise to increase the number of people who can invest in insurance to protect their wealth.
Investigators in Toulouse, France, will start examining a piece of plane debris found on Reunion Island to determine whether the numbers found on the object correspond with the Malaysian Airlines jet that mysteriously vanished in March 2014.
The two-meter-long fragment, a wing component called a flaperon, was found Wednesday on a beach on Reunion Island, which is east of Madagascar and more than 3,500 kilometers from where the Boeing 777 was last tracked.