Market News | AUTOEXPO Ethiopia 2021

Market News

  • AAAM & Afreximbank have signed An Agreement to Increase Automotive Investment in Africa

    Posted on :Tuesday , 6th April 2021

    A Memorandum of Understanding (MoU) was signed by the African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) for the financing and promotion of Africa's automotive industry.

    In early February, Afreximbank President Benedict Oramah and AAAM President Mike Whitfield signed a Memorandum of Understanding, paving the groundwork for a collaborat. . .

  • The German Auto Industry Doubles Down On Africa

    Posted on :Monday , 8th February 2021

    In August last year, just as the global auto industry began to spot green recovery after the worst coronavirus carnage, German carmaker Volkswagen unveiled its first vehicle assembled in Ghana, the Tiguan SUV, in the existence of Ghanaian President Nana Addo Dankwa Akufo-Addo.

    The event marked the official opening of the VW's first vehicle assembly plant in the West African country and t. . .

  • Future Boost for Domestic Automobile Assemblers in Ethiopia

    Posted on :Wednesday , 7th October 2020

    Prime Minister Abiy Ahmed's leadership said to take unprecedented measures in formulating conducive business climate for automotive industry thereby enhancing the capacity of domestic car assembling firms and putting the import substitution strategy in a good shape.

    Speaking to The Ethiopian Herald, Founding CEO and Managing-Director of a local automotive firm, Marathon Motor Engineering. . .

  • Marathon Motors launches three new locally assembled Hyundai models

    Posted on :Friday , 31st January 2020

    Established just about a decade ago, as importers and distributors of Hyundai passenger and commercial vehicles and parts in Ethiopia, Marathon imports around 500 to 600 cars each year and presently has the capacity to assemble 10,000 cars annually and introduce 12 new models.

    Marathon Motors is not the only single assembler of South Korean made vehicles in Ethiopia. There are overall 19. . .

  • A-MAP Launches Promotional Campaign In Ethiopia To Promote ASIMCO Auto Parts

    Posted on :Monday , 4th November 2019

    A-MAP has promoted an extensive advertising and marketing campaign to promote ASIMCO automotive spare parts in the Ethiopian market. with the aim to further boost the reputation and scope of ASIMCO auto parts in Ethiopia, Al Muqarram Auto Parts (A-MAP) has launched advancing promotional campaign in Ethiopia. 

    Ethiopia is one of Africa's fastest growing economies and has the continen. . .

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