Market News | AUTOEXPO Ethiopia 2019

Market News

  • Volkswagen Contemplating Entering Ethiopia

    Posted on :Wednesday , 10th October 2018

    Volkswagen is considering a component assembly plant in Ethiopia, in addition to the two recently announced assembly plants in Ghana and Nigeria.


    The foray into Africa represents a growth opportunity for the car maker in light of the expected recovery of the continent’s economies recently hit by the downturn in commodities. According to the Export-Import Bank’s Afr. . .

  • EAC works to Excel in Low Cost Car Assembly & manufacturing Plants in East Africa

    Posted on :Friday , 28th September 2018

    The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region.


    This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summ. . .

  • 4 More Car Manufacturers Target East Africa for Local Auto Assembly

    Posted on :Tuesday , 17th July 2018

    Car Manufacturers are targeting East Africa to setup assembly line within the region of the continent.Simba Corp, a Kenyan company is in discussion with 4 automakers for setting up their assembly units in the country. While Chief Executive Officer of Simba Corp Adil Popat confirmed discussion with Renault of France about their assembling unit, the other car manufacturer showing interested is Ma. . .

  • Creating a Pan-African Auto Industry

    Posted on :Thursday , 21st June 2018

    The chairman and managing director of Volkswagen Group South Africa (VWSA) , Thomas Schaefer says "I’m trying to create something pan-African". Having assembly started operations in Kenya in 2016 and now 2018  in Rwanda. It’s not just the engine, VWSA also produces the flourshing compact car, the Volkswagen Polo. The organization has recently invested $20m in Rwanda r. . .

  • Flying taxis coming soon to Nairobi.

    Posted on :Friday , 9th March 2018

    The McFly.aero blockchain project is starting the set up of transportation for air taxis service in 23 cities in 13 countries. Nairobi has been recognized as one of the launch cities for this ambitious flying cars project.

     This is going to be a 2 part business project, the first part being a technological consortium of 12 companies that are currently developing the fundamentals . . .

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