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Traxtion Group CEO welcomes investment in Africa, outlines market strategy

Traxtion Group CEO James Holley welcomes "significant" railway investment and deregulation in the African market, stating: "it is encouraging to see these investments happening in many parts of Africa with Government and DFI support" (railwaysafrica.com, 24-Jul-2020). Mr Holley noted: "Whilst there are many opportunities in Africa for track investment, few of them are commercially feasible on a stand-alone basis... The deregulation of rail systems in the region is and will continue to create a strong demand for the injection of reliable rail freight solutions". The company plans to invest in new locomotives to support the growing rail freight market in the region, as well as, refurbish and upgrade its existing rolling stock.

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