Volkswagen in view of entering Ethiopia
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 Africa Trade Report 2018, African economies will grow by
CHINA’S KEEN INTEREST IN THE AFRICAN AUTOMOTIVE MARKET
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 even with sustained low oil and commodity prices, the automotive industry is expected to grow considerably in most countries. Africa is forecast to grow between 3% and 3.7% in 2016 with East Africa retaining its position as the fastest growing region on the continent.
East Africa 's Low cost car assembly and manufacturing plants head up for success
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 Summit.
AFRICA'S MOST DYNAMIC AUTOMOTIVE & SPAREPARTS EXHIBITIONS
EXPOGROUP WORLDWIDE brings to you another edition of the hugely successful AUTOEXPO AFRICA, to be held in Kenya at the Kenyatta International Conference Centre (KICC), Nairobi from 11 - 13 April, 2017; in Tanzania at the Mlimani Conference Centre, Dar es Salaam from 16 - 18 August, 2017 and in Ethiopia at the Millennium Hall, Addis Ababa from 12 - 14 May, 2017.
