The Nairobi Securities Exchange (NSE) admitted Kawsar Auto Spares onto its premium incubation and acceleration program, Ibuka.
Supporting communities who are affected by natural disasters is a key pillar guiding Isuzu Motors South Africa's (IMSA) corporate social responsibility initiatives.
More than 8 500 jobs will be created through the Tshwane Automotive Special Economic Zone (TASEZ), and up to 70% of those jobs will go to local residents of Mamelodi and surrounding areas in Pretoria, South Africa.
Performance Centre South Africa, the Ford-approved distributer and fitter of Ford Performance parts, has been appointed as the exclusive distributer of Vaughn Gittin’s Authentic RTR Vehicles in South Africa.
NCBA Bank and motor dealer Toyota Kenya have signed an asset finance partnership to enable the purchase of commercial and personal vehicles with an up to 95 per cent financing option to be paid within 60 months.
Ford is widening the scope of its transformation initiatives and deepening involvement in the economic empowerment programmes of its dealer network in 2020.
Volkswagen has extended its market in Sub-Saharan Africa with the official opening of a vehicle assembly facility in Accra, Ghana.
Ford Motor Company of Southern Africa (FMCSA) has consolidated and revitalised its used car sales division under the Ford Approved banner, with the focus on providing exceptional service and quality.
Alternet Systems, Inc., ALYI, has confirmed plans for producing and selling electric delivery trucks in Africa made of hemp and powered by hemp batteries.
China Yutong Bus has donated more than 1.2 million medical masks to African countries and shared the experience of public transport pandemic prevention in China.
Toyota Kenya truck and buses division has gifted Kisumu County Economic Forum a Hino 500 GT truck to boost the County Government’s food distribution drive.
Nissan Africa, Middle East and India (AMI) has unveiled a comprehensive four-year strategy for the region under the company’s Global Transformation Plan.
Johan Hoff Volvo Financial Services (VFS) has announced that Johan Hoff has been appointed President of its Europe, Middle East and Africa (EMEA) Region.
Isuzu Motors South Africa has announced the appointment of Billy Tom as its new CEO and Managing Director, transitioning from 01 June and officially assuming full responsibility from 01 July 2020.
The East African Community (EAC) Partner States have adopted the EAC Regional Electronic Cargo and Drivers Tracking System that will be hosted at the EAC Headquarters in Arusha, Tanzania.
Driving Licensing Testing Centres, registering authorities, vehicle testing stations and driving schools in South Africa will resume their services with effect from 1 June.
SentinelOne announced that the Automobile Association (AA) of South Africa (AASA) has rolled out its AI-powered technology to replace legacy endpoint antivirus and successfully identify and defeat cyber attacks with zero dwell time.
IRU calls on wide-ranging support for road transport industry to drive global COVID-19 recovery efforts
Amidst an increasingly bleak global economic outlook, IRU is calling on governments to ramp up efforts to support road transport operators so they can drive broader financial and social recovery.
Hudaco Industries has been approved for a secondary listing on A2X, effective 5 May 2020.
OLA Energy has launched a new fuel formulation as part of its growth and rebrand strategy and the new fuel is available across the entire network of over 84 service stations in Kenya.
About 1.5 million more South Africans will from 1 May return to work as government begins to lift a fraction of COVID-19 lockdown regulations.
Road and air transport have borne the brunt of the Coronavirus impact as countries put stringent measures to stop the spread of the pandemic.
The African Development Bank and SA Taxi signed a $100 million loan agreement to support the firm’s growing strategy to empower taxi operators with limited access to finance from traditional financiers.
Ford Motor Company is temporarily suspending vehicle and engine production at its International Markets Group (IMG) manufacturing sites in response to the growing impact of the coronavirus.
SA Taxi, a financier of over 10 percent of South Africa’s minibus taxi fleet has introduced FICO’s cloud-based decision management solution to drive lending growth of 25 percent.
Stanley Njeru is the CEO of Buyer Logistics Limited, a Kenyan-based startup offering freight forwading, custom clearance, warehousing and motor vehicle importation services.
Automotive industry continues to reflect power of good industrial policy in South Africa,Trade Minister
The automotive industry in South Africa has continued to reflect the power of combining good industrial policy and foreign direct investment and it remains the backbone of the country’s industrialisation drive.
The President Of the Republic of Ghana, Akufo-Addo said that VW is building its plant at the North Industrial Area in Accra and is due to start production by the end of April.
Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally assembled Shacman trucks at the production plant of Anambra Motor Manufacturing Company, Enugu.
The EBRD is continuing to support the automotive industry in Morocco through a €15 million loan to Varroc Lighting Systems Morocco that will provide training and employment opportunities for young people in the country.
The National Automotive Design and Development Council (NADDC) said automotive manufacturing companies in Nigeria made over N360 billion investments into the country’s economy in year 2019.
Total Foundation has joined the Global Road Safety Facility (GRSF) as its newest donor partner.
The Egyptian government has approved of Uber’s move to acquire Dubai-based ride-share company Careem for $3.1 billion.
Cars45, Nigeria's automotive trading platform, has launched into Ghana and Kenya.
The National Consumer Commission slapped Ford Motor Company of Southern Africa with an administrative fine of R35M in terms of Section 112 of the Consumer Protection Act.
George Njoroge a juakali mechanic from Roysambu, Nairobi County has emerged the overall winner of Total Kenya Plc and Toyota Kenya Ltd sponsored Total Quartz Golden Spanner Competition.
Isuzu Motors has confirmed that it will be investing R1.2 billion into the next generation bakkie programme in South Africa.
The People’s Republic of China has made a commitment to give the East African Community (EAC) 12 cars worth US$400,000 to be used in various capacity building programmes at the Community.
Retail Motor Industry Organisation (RMI) has launched RMI Connect – an app that connects consumers to accredited-RMI members,” he says.
Volkswagen Group South Africa (VWSA) showed a solid performance in the South African passenger car market from January to September with a market share of 23.2%.
The Director-General of the dti said that even though global growth remains subdued and South Africa was confronted by a host of indirect risks consequences, it still achieved significant strides in job creation and economic growth initiatives.
The South African Minister for Trade and Industry (the dti) Ebrahim Patel, has launched a taxi manufacturing expansion plant worth almost half a billion rands in Durban, KwaZulu-Natal.
"Car breakdowns won't last for long" is the promise from Nigeria's leading automotive trading platform, Cars45 as it introduces its Emergency Service.
International players continue to dominate Kenya’s automotive industry Japanese car manufacturers commanding 80 per cent of the market share. This has made Japan the fifth biggest importer of goods into Kenya.
South Korean car manufacturer Hyundai is the latest multinational company to venture into the Horn of Africa via Somaliland.
Egypt Public Businesses Minister Hisham Tawfiq has held discussions with Chinese Minister Miao Wei on cooperation in manufacturing electric cars through developing El Nasr Automotive company and the Engineering Company for Car Industry.
The UK has initialled an Economic Partnership Agreement with the Southern African Customs Union and Mozambique (SACU+M) that will allow business to keep trading freely after Brexit.
Isuzu Motors South Africa is evaluating trucks which use alternate propulsion technologies that may be suitable for the African market.
Nigeria's automotive trading platform, Cars45 has announced the launch of a new product - Premium Inspection service - in line with its avowed commitment to exploring new platforms.
CMC Motors Group, a leading car dealer in Kenya, has launched three new Mazda car models in the market.
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) measured 52.1 index points in July, up from 46.2 in June.
Kenya’s CIC Insurance Group has partnered with taxi-hailing app Little Cab to launch a product that will offer free rides to clients while their vehicles are undergoing repair.
Alternet Systems, Inc. has confirmed its African production partner has signed-off on ALYI's industrial design specifications plan for the ReVolt Electric Motorcycle to be mass produced for sales in Africa.
Heritage Insurance Kenya has launched the country’s first telematics motor insurance, dubbed Auto Correct motor insurance.
Groupe Renault and Coscharis Group have entered into an agreement that includes production and distribution of vehicles in Nigeria.
Toyota Kenya has partnered with Prime Bank in rolling out the New Drive Loan Facility that will allow Association of Insurance Brokers members get up to 100 percent financing.
Ford South Africa unveils Third Shift for Silverton Assembly Plant to meet growing demand for New Ranger
Ford Motor Company of Southern Africa is introducing a third shift to its vehicle assembly operations at the Silverton Assembly Plant to meet the growing international and local demand for the New Ranger.
The South Africa Minister for Trade and Industry, Mr Ebrahim Patel, has welcomed the announcement by Ford South Africa that it will be creating 1 200 jobs at its Silverton Plant in Pretoria, Gauteng.
Users of the Gozem app can now order auto-rickshaws from their smartphones in Lomé in Togo and Cotonou in Benin.
Dott, the European micro-mobility company, announced a commitment for a €30 million Series A funding round.
[Kenya] Seaways digital strategy bears fruit as it calls for major policy changes in the automotive sector
Recently feted car portal, Garimoto has seen a 30 per cent revenue growth for Seaways Kenya Limited since its deployment four years ago.
According to the Insurance Regulatory Authority Q4 industry report, the general insurance business in Kenya grew by 3.5 per cent, a factor that mostly driven by compulsory motor insurance.
[South Africa] Isuzu Motors partners with tertiary institutions to prepare students for the job market
With the youth unemployment rate reaching dismal heights in 2019, Isuzu is partnering with tertiary institutions to help get students ready for the workplace.
Simba Corporation has unveiled the new Mitsubishi Eclipse Cross in the Kenyan market.
The Competition Commission South Africa has recommended to Competition Tribunal that the proposed acquisition of WeBuyCars Ltd by MIH eCommerce Holdings Ltd, an entity of the Naspers Group, be prohibited.
In its endeavour to establish South Africa as its home outside India, Mahindra South Africa has announced entry into its fourth business line, by introducing its range of farming equipment.
In a move to improve the Madaraka Express passenger service, the Kenya Railways has announced the following changes that will take effect from June 1, 2019.
Egyptian Minister of Military Production Mohamed el Assar and Minister of Trade and Industry Amr Nassar have signed a partnership agreement with China on joint manufacturing of electric vehicles in Egypt.
A Chilean car shipping company has been referred to the Competition Tribunal for prosecution for collusive tendering, price fixing and market division.
The Kenya Revenue Authority (KRA) is working on repatriating nine (9) high-value stolen motor vehicles recently seized at the Port of Mombasa to their country of origin.
National Aviation Services (NAS) Uganda has joined the Civil Aviation Authority’s efforts to combat climate change and reduce greenhouse gas emissions by introducing electric forklifts and tractors into its operations.
The Nairobi Securities Exchange (NSE) has admitted Vehicle and Equipment Leasing Limited (VAELL) onto its premium incubation and acceleration program, Ibuka.
Nissan will spend ZAR3bn (US$214m) at its factory in Rosslyn, Pretoria, South Africa to prepare for production of the next generation Nissan Navara pickup.
South Africa President Cyril Ramaphosa has officiated over Japanese automotive Nissan’s announcement of a R3 billion, approximately $215 million, investment at its Rosslyn plant in the capital.
Honda Motor Southern Africa has appointed Hiroyuki Tazawa as the new President, effective immediately.
Volkswagen Group South Africa (VWSA) continued its positive start in 2019 in the South African passenger car market after reporting total sales of 6 754 units in March and a market share of 20.5 per cent.
Alternet Systems.has confirmed that its management will meet potential partners and tour facilities in Kenya looking to possibly open an assembly plant to complete manufacturing for ReVolt Electric Motorcycles.
Nissan Motor Corporation has made known its desire to consolidate its presence in the Egyptian market and cooperate with the Egyptian government in carrying out its ambitious plans for the development of the local auto industry.
Nigeria’s largest online vehicle trading platform, Cars45, has partnered with ENYO Retail and Supply, an innovative fuel retail brand, to increase its retail footprints.
NIC Bank has launched a one-of-a-kind financing scheme that will allow Toyota Kenya customers access financing to purchase new Toyota vehicles.
South Africa, Mozambique and the UK progress in finalizing a roll-over Economic Partnership Agreement
South Africa Minister for Trade and Industry says progress has been made to finalize a roll-over Economic Partnership Agreement between the Southern African Customs Union, Mozambique and the UK.
Volkswagen Group South Africa (VWSA) has created work opportunities for 560 unemployed youth through the Youth Employment Service (YES) programme.
Ride-hailing firm Taxify is changing its name to Bolt and introducing. The update according to the company brings the brand identity in line with the company’s broader vision of transportation.
Anhui Jianghuai Automobile Group Corp., Ltd, has announced the results of its expansion program in Africa in 2018, declaring that it has established a presence in 28 countries across the continent.
Creating a more efficient footprint, Isuzu Motors South Africa has officially launched its consolidated truck and bakkie manufacturing plant.
Ford’s Silverton Assembly Plant in Pretoria has commenced production of the new Ford Ranger, bringing a raft of product upgrades and refinements to one of South Africa’s best-selling vehicles and export models.
Renault, the French multinational automobile manufacturer is to establish an assembly plant in Ghana.
Enterprise Holdings has announced its expansion into Egypt through a partnership with Premier Group.
Moran Family of Brands, an international franchises of general automotive repair, transmission repair and driver safety products, has announced the addition of its first international location in Nigeria.
The government of Algeria has decided to invest $262 billion through its five year plan of 2015-2019 to diversify the oil dependent economy and improve the nation's infrastructure.
Ride-hailing firm Taxify, in partnership with Stanbic Bank and Renault Kenya has announced a vehicle financing dealership for Taxify drivers in Kenya.
International car manufacturer Volkswagen has signed an MoU with the Government of Ethiopia to collaborate and deliver a joint vision for the development of an automotive industry in the country.
“Egypt is an attractive and competitive location for production and supporting logistics. With the planned local assembly we are confident to be able to expand our market position."
As customers demand top notch services grows and competition reach fever pitch, companies are investing millions to improve infrastructure and service quality.
Global vehicle manufacturer Mercedes-Benz looks forward to resuming production in Egypt soon, a senior official of the company has said.
Angolan authorities are negotiating with Volkswagen and Ford managers, two of the 12 leading automobile brands in the world, to open production lines in Angola.
President Uhuru Kenyatta has urged local motor vehicle assemblers to innovate ways of producing quality vehicles that are affordable for Kenyans.
The progress of Africa’s economy over the last decade has been remarkable. In 2018, six African nations – Ethiopia, Ghana, Tanzania, Senegal, Ivory Coast and Djibouti – feature in the fastest-growing economies in the world.
According to the National Association of Automobile Manufacturers of South Africa (NAAMSA), to achieve success, the automotive industry must deliver internationally competitive products.
Cote d’Ivoire has unveiled a fleet of buses commissioned by the Société des Transports Abidjanais (SOTRA), supplied by IVECO and fuelled by compressed natural gas. ENGIE.