Market News | AUTOEXPO Ethiopia 2019

Market News

  • Ethiopia Seeks China's Help to be Africa's Top Car Manufacturer

    Posted on :Thursday , 5th January 2017

    ADDIS ABABA -- Ethiopia has grand ambitions for its tiny auto industry, seeking to transform a handful of assemblers that bolt together imported kits into a network of factories that can make the country Africa's biggest car manufacturer over the next two decades.

     
    Ethiopia produces about 8,000 commercial and other vehicles a year for the home market, about a quarter. . .

  • Ethiopia: Double Digit Economic Growth to Continue - World Bank

    Posted on :Wednesday , 14th December 2016

    In its fifth economic update for Ethiopia, the World Bank reported that the country's growth will remain relatively steady in the coming years. The country has been growing at an average of 11pc over the past decade.

     
    Last year, the country registered a growth of eight percent, despite facing the worst drought in five decades.
     
    Even thou. . .

  • 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. . .

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