Market News | AUTOEXPO Ethiopia 2018

Market News

  • CHINA’S KEEN INTEREST IN THE AFRICAN AUTOMOTIVE MARKET

    Posted on :Monday , 28th November 2016

      The global automotive business is in its most disruptive era since the advent of the industry over a century ago, creating an abundance of opportunities for new and established companies in the global automotive market. Analysts anticipate the market to grow by 2%, reaching 91 million new units sold in 2016.

    The African economy has seen steady growth for the past decade and eve. . .

  • AFRICA - THE NEXT GROWTH MARKET

    Posted on :Thursday , 24th November 2016

    Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substanti. . .

  • Turkish Exporters Target Africa

    Posted on :Wednesday , 23rd November 2016

     At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries.

    Africa has recorded an annual growth rate of 5 percent over the last d. . .

  • PSA Makes Europe Player in Ethiopian Auto Industry

    Posted on :Wednesday , 12th October 2016

     French automaker PSA Group turns to Ethiopia to launch assembly of Peugeot 2008, 301 and 208 models.

     
    PSA opened the new $1.2 million assembly plant in partnership with Mesfin Industrial Engineering, a local business that built the factory in Tigray in the northern region of the East African country. It is expected initially to assemble 1,200 vehicles yearly fo. . .

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