Market News
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Africa Is Last Frontier for Carmakers on the Hunt for Growth
Posted on :Thursday , 24th December 2015
When Nigeria first unveiled incentives for carmakers to set up plants its auto industry had ground to a standstill.
Fast forward two years, and there are at least 36 automakers with production licenses in the continent’s biggest economy, with Volkswagen AG, Nissan Motor Co. and Ford Motor Co. already making vehicles with local partners. The country is seeking to join South . . .Africa: The Place Automakers Need to Go After
Posted on :Thursday , 24th December 2015
It may be a bit of a long shot, but African countries like Nigeria could be the final frontier for any automakers looking to cash in on the benefits of globalization and the financial fortitude of emerging markets. Long considered a lost cause due to prolific amounts of poverty, Africans in certain countries have amassed enough wealth that car manufacturers are actually starting to consider the. . .
Major Step for Local Manufacturing in Africa\'s Automotive Sector
Posted on :Tuesday , 15th December 2015
South Africa's automotive sector has received a major boost with the launch of the combi metre production facility by Hesto Harnesses in KwaZulu-Natal.
Hesto Harnesses manufactures wiring harnesses for the automotive industry from a factory situated in Stanger, 90km north of Durban. The company supplies automotive electrical distribution systems, commonly know. . .AVM Africa to Assemble and Manufacture Tractors in 2016
Posted on :Monday , 14th December 2015
AVM Africa says it will venture into assembling and manufacturing tractors in 2016 starting with 400 units.
CEO Musanhi said this followed a partnership with a local company owned by the Zimbabwe National Liberation War Veterans' Association (ZNLWVA), which is set to sign a billion-dollar agreement with a Chinese firm to set up a plant in Zimbabwe.Mercedes Benz latest to capitalise on African auto policy
Posted on :Thursday , 10th December 2015
Mercedes Benz is gearing up to begin the assembly of mini buses and ambulances in Nigeria, in an attempt to draw benefits from the country’s automotive policy
mercminibus CanadianPacific flickrAccording to Uwatse, Nigeria needs mini buses and ambulances.The company’s managing director in Nigeria Benson Uwatse said the country could benefit greatly . . .Please Select an Option
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