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CFAO Technology & Energy devient CFAO Infrastructure
Le groupe CFAO, dans sa mission With Africa For Africa, poursuit son ambition de devenir un partenaire incontournable en Afrique pour des prestations d’énergies renouvelables.
Stellantis investit 3 milliards de ZAR dans une nouvelle usine automobile en Afrique du Sud
Stellantis investit 3 milliards de rands en Afrique du Sud pour construire une usine automobile ultramoderne à Coega
Kia partners with Fixit45 to offer genuine auto parts and quality aftersales services to customers
Kia Nigeria, the leading automobile brand in Nigeria has partnered with Fixit45 to offer customers genuine spare parts and exceptional after-sales service.
Eurorepar enters the South African automotive spare parts industry
The launch of Eurorepar comes with the backing of Stellantis. From a network that stretches across 40 countries, Eurorepar is synonymous with diversity, offering an impressive array of more than 15 000 part numbers.
Stellantis invests ZAR 3 billion in a greenfield manufacturing facility in South Africa
The manufacturing plant will be built in the South African Special Economic Zone (SEZ) in Coega situated near Gqeberha in the Eastern Cape province of South Africa.
Spiro signe un accord de $63 millions pour accélérer le déploiement des moto électriques
Un prêt de 63 millions de dollars US avec la Société Générale et GuarantCo pour accélérer le déploiement de ses deux-roues électriques.
Verdant Capital raises EUR 10 million of debt funding for Bridge Taxi Finance
Bridge Taxi Finance, a Mokoro Holdings subsidiary, is a development company offering finance and support products to the minibus taxi industry in South Africa.
Mercedes-Benz trains over 600 data and AI specialists worldwide in 2023
With digitalization and the increasing use of powerful artificial intelligence (AI) systems, every job profile at Mercedes-Benz is changing. As part of the Turn2Learn qualification initiative, Mercedes-Benz is investing more than €2 billion in the qualification of its global workforce until 2030.
Ford and Salvador Caetano appoint Motorcare as the official Ford distributor in Uganda
Motorcare Uganda and its cumulated experience, strong market knowledge and commitment to service excellence will provide Ford customers in Uganda with the highest standards of Ford products, services, and support.
African Development Bank teams up with airplane manufacturers Airbus, ATR to boost African commercial aviation
The workshops featured discussion of bank financing instruments, including guarantee products, the bank's approach to credit risk assessments and the outlook for Africa's aircraft market
Volkswagen signs deal with Government of Rwanda to establish a modern farm with electric tractors
As part of the MoU, the Government of Rwanda has agreed to provide land in Gashora (Bugesera District) for the project, as well as to assist with permitting and licensing requirements of the project.
Tingg by Cellulant automates payments for petrol stations in Ghana
Tingg by Cellulant In-Store solution is transforming the digital payments space in Ghana by providing Oil Marketing Companies (OMCs) with a single payment collection point across multiple payment options and channels, ensuring real-time settlement.
[Interview] Hontinfinde Jean: Co-Fondateur, CTO chez Arnio
Arnio est une nouvelle marque de classe mondial dans la conception et le développement de véhicule électrique en Afrique.
ExecuJet MRO Services Africa awarded authorised service centre status for Embraer
ExecuJet MRO Services has been appointed by Embraer as its authorised service centre (ASC) for business jets in Africa. The decision represents an expansion of the aircraft manufacturer’s service network in the region.
Les investisseurs japonais déclarent vouloir faire plus d’affaires avec l’Afrique
Le gouvernement, les parlementaires, les grandes entreprises et les start-ups du Japon manifestent un intérêt croissant pour investir davantage en Afrique.
Global tyre manufacturer Goodyear seeks to expand to Zambia and DR Congo
As part of its growth strategy, Goodyear Middle East & Africa (MEA) is actively seeking the right distributor & service provider to expand its reach within Zambia and the Democratic Republic of Congo (DRC).
Lepelle Northern Water and the Infrastructure Fund to invest R4.6 billions in the first phase of the Olifantspoort
Lepelle Northern Water and Infrastructure Fund Sign Memorandum of Agreement for Funding for Olifantspoort/ Ebenezer Bulk Water Project Phase 1
Absa signs vehicle finance alliance agreement with BAIC South Africa
Absa has entered into a vehicle finance alliance agreement with BAIC SA, the local subsidiary of the Beijing Automotive Group Co., as the vehicle manufacturing firm expands its operations in the region.
Autochek acquires majority stake in Autotager
Nigeria-based car financing platform Autocheck, has acquired a majority stake in Egypt's used cars marketplace, AutoTager, which was founded in 2021 by Amr Rezk.
[South Africa] Netstar and Vodacom Business introduce the taxi of the future through WiTaxi partnership
Vehicle tracking and telematics company Netstar, a subsidiary of Altron, in partnership with Vodacom Business, are empowering taxi commuters across the country through the use of a free in-taxi connectivity service, WiTaxi.
Establishment of Special Economic Zones for the production of Battery Electric Vehicles in DRC and Zambia
Afreximbank and ECA sign framework agreement towards establishing Special Economic Zones for the production of Battery Electric Vehicles in DRC and Zambia
Nissan Africa announces new leadership structure
Nissan Africa has taken the next step towards unlocking the potential of the African market, by unveiling a new leadership structure with effect from 1 April 2023 to drive the company’s mid-term plan.
Nigeria's Autochek appoints US automotive industry veteran Robert Granados to its board
Autochek, the Nigerian startup making car ownership more accessible and affordable across Africa has appointed US automotive industry leader and veteran, Robert Granados to its board of directors.
Volvo delivers the first heavy electric truck to Africa
Deployment of heavy electric trucks is now spreading across the world. With Europe and the US among the leaders, the shift to more sustainable transport is kicking off also in other parts of the world. In Africa, the first heavy electric truck is now being delivered in the city of Rabat in Morocco.
Volkswagen opens a new vehicle assembly facility in Accra, Ghana
With this move, Volkswagen also takes over the new vehicle assembly responsibility from its licensed importer in Ghana, Universal Motors Limited (UML).
[Nigeria Business Week] Andrea Ayemoba: Investors bet on fintechs, startups
The past couple of weeks have seen a flurry of activities in several sectors of the Nigerian economy. Startups are receiving increasing financial backing from VCs for the growith of SMEs.
[Interview] Jesse Onomiwo, Co-founder, Autosparkle, Nigeria
Autosparkle is part of Riltouche and Sparkles, a company dedicated to building the largest chain of the most eco-friendly cleaning solutions out of Africa through its specialisations in car care, aircraft, boats, homes, offices and cities.
[East Africa Business Week] Bob Koigi: Scaling startups’ investment in the region
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
[Column] NJ Ayuk: How Africa can capitalize on its mineral wealth to develop an electric vehicle value chain
As the entire global transportation marketplace marches toward an increasingly electrified and battery-powered future, many countries across the African continent stand at the threshold of profound economic opportunity.
[Column] Job Wanjohi: Why the Kenya National Automotive Policy is a big win for the manufacturing industry
Over the years, Kenya has carried out significant reforms geared towards improving the business environment and driving competitiveness.
[Nigeria Business Week] Andrea Ayemoba: Persistent shortages and inflation call for new measures
Africa has in the past decade positioned itself as a knowledge economy, with one of the most robust startup ecosystems in the world.
[Nigeria Business Week] Andrea Ayemoba: Crude industry facts underlining the Nigerian economy
The Nigerian stock market indicators have shown lately a typical pattern in stock markets – investors stay loyal to the resilient stocks.
[Nigeria Business Week] Andrea Ayemoba: State to digitize tourism, FG takes on efficient mobility
Banking is one of the most thriving sectors in Nigeria. The reason for this success has been attributed to the efficiency with which this industry has leveraged technology to modernize its operations.
[Nigeria Business Week] Andrea Ayemoba: Government, Central Bank turn focus to the startup movement
There’s an ongoing comparison in Nigeria's status quo that is causing some rift – the national statistics and reports are showing a promising and stable economy, but the situation on-ground reflects a different reality.
[East Africa Business Week] Bob Koigi: East Africa positions itself as investment destination of choice
The East African community continues to live up to its billing as a prime investment destination for investors.
[Nigeria Business Week] Andrea Ayemoba: A 5G promise looms, global trade predictions show winning numbers
Nigeria’s tactic is one of sharpening the sectors that have shown promise (such as technology, agriculture and banking) while throwing resources at those that have been in a work-in-progress mode for years.
[Nigeria Business Week] Andrea Ayemoba: National GDP for Q3 sees increase, amid growing economic concerns
The Nigerian Minister for labour recently has affirmed that more needed to be done in order for the employment crisis to be mitigated. He did allow that much has been done, but a lot of action still was required if the problem was to be tackled from the roots.
Transport sector hit hard but has key role in COVID-19 management, COMESA
Road and air transport have borne the brunt of the Coronavirus impact as countries put stringent measures to stop the spread of the pandemic.
[Startup Interview] Stanley Njeru, CEO, Buyer Logistics Limited, Kenya
Stanley Njeru is the CEO of Buyer Logistics Limited, a Kenyan-based startup offering freight forwading, custom clearance, warehousing and motor vehicle importation services.
[Kenya Business Week] Competition, customer service drive expansion binge
As customers demand top notch services grows and competition reach fever pitch, companies are investing millions to improve infrastructure and service quality.
[SA Business Week] Investment wave boosts country’s earnings, attractiveness
South Africa continues to be the continent’s preferred destination for international investors due to its competitive market, favorable political climate, a booming middle class and strategic location.
[SA Business Week] Opening businesses to the world, growing markets
In the recent years, South Africa has continued to prove that it is one of the most diverse and promising emerging markets in Africa. The country has become a key global hub for investment, innovation and research.
[SA Business Week] Naspers breathe new life into startups, filmmakers train eyes West
The tech startup fever has been spreading across the globe like bush-fire and Africa has not been left out in this bandwagon. More and more people are entering into the tech space because technology never gets old and new inventions keep evolving.
[SA Business Week] Water tariffs rise, no markets for black traders
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
[South Africa Business Week] Monash South Africa is now AdvTech owned
ADvTECH has announced the acquisition of Monash South Africa (MSA), a leading South African private tertiary education institution with students from more than 50 countries.
[Kenya Business Week] The UK, China trade factor
Fresh from discussing bilateral ties with the United States, Kenya has over the recent past held trade negotiations and deals with UK and China as the super powers seeks to grow their influence in the country.
[Kenya Business Week] New energy frontiers, more business deals
It has been another busy week for anchor sectors in Kenya with more investors, landmark deals and strategic partnerships pointing to Kenya as the investment destination for the region.
[Kenya Business Week] Realigning businesses to drive growth
With competition across public and private sector now being driven by innovation, Kenyan institutions have invested heavily in modernizing operations and selling the convenience message to customers.
[Nigeria Business Week] Racing toward growth, partnerships, targets
This week has shown interesting developments in a wide range of sectors in Nigeria - Hospitality, Real Estate, Agribusiness, Banking, Automotive, Oil and Gas and as always, ICT remains a busy sector.
[Startup Interview] Aziz Senni, Founder, C Mon Taxi, Senegal
Aziz Senni, a serial entrepreneur with over 20 years’ experience is piloting a taxi renting model in Dakar Senegal that offers taxi drivers access to ownership of their vehicle through a system combining financing, training and customer acquisition thanks in particular to its digital booking platform.
[Startup Interview] Axel Peyriere, Co-Founder, AfricarGroup
Axel Peyriere is co-founder of the number one car classifieds websites in Africa, the AfricarGroup, which covers 22 countries and translated into 10 local dialects of the continent. His interview with Africa Business Communities:
Rolls-Royce announces new leadership for Africa
John joined Rolls-Royce over twenty years ago, in 2001, as a graduate trainee in the Defence business. He rose to become a senior manager before joining Civil Aerospace.
Stellantis and the South African authorities sign agreement to manufacture vehicles in South Africa
Stellantis has signed a Memorandum of Understanding (MOU) with the Industrial Development Corporation (IDC) and the Department of Trade, Industry and Competition (the dtic) to develop a manufacturing facility in South Africa.
Volkswagen Group builds 100, 000 Polos for the South African market
The special milestone vehicle rolled off the production line on 1 March during the night shift.
Audi Volkswagen Middle East announces collaboration with DHL in the Middle East & Africa
udi Volkswagen Middle East (AVME) announces DHL Global Forwarding as its new warehousing partner for the entire spare parts supply chain in the Middle East, for the Volkswagen and Audi brands.
Une subvention de la SEFA pour favoriser le passage à la mobilité électrique en Afrique
Le Fonds pour l'Energie Durable en Afrique (SEFA) du Groupe de la Banque Africaine de Développement fournira une subvention d'assistance technique de 1 million de dollars à la Facilité pour la Mobilité Verte en Afrique (FMV).
BMW selects RISE with SAP to drive business transformation
SAP SE has announced that BMW Group will expand its strategic partnership with SAP to accelerate its digital transformation.
[Morocco] BMCI partners with online marketplace KIFAL Auto to enable easier financing for used cars
Vehicle trading in the Middle East and North Africa region is set to be transformed following an agreement between Online marketplace KIFAL Auto and BMCI.
Why Does Your Business Need Commercial Auto Insurance?
If you are a business owner, small or large, the importance of having auto insurance should be paramount.
Mobility for Africa receives $2 million funding from InfraCo
InfraCo Africa has signed an agreement committing US$2 million to scale the offering of Mobility for Africa, an electric mobility company delivering affordable, cargo-carrying e-tricycles and solar-powered battery charging solutions for underserved communities in rural Zimbabwe.
TRADE X opens new automotive trading facilities in Kenya
TRADE X provides auto dealers, car rental companies, fleet owners and mobility solution providers with a seamless end-to-end process for the sourcing and distribution of cross-border vehicle inventory.
Isuzu Motors South Africa announces expanded board of directors
This happens at the back of just 4 years of a journey of end-to-end business transformation to drive growth and expansion for the local OEM.
Tantech exports customized midibuses to Nigeria
Tantech Holdings Ltd has announced that its subsidiary, Shangchi Automobile Co., Ltd., had received a second order from Nigeria to export 6 additional fully customized midibuses within 60 days.
TRADE X expands its presence in Africa with the opening of a trade route in Ghana
TRADE X, a B2B cross-border automotive trading platform with its headquarters in Ontario, Canada, has announced that it has opened a new trade route in Ghana, strengthening the company's presence in Africa after having recently opened new import facilities in Lagos, Nigeria and Nairobi, Kenya.
Prêt de 247 millions $ de la France pour le projet du métro d’Abidjan
Avec un tracé de 37,4 km, 18 stations, 21 ponts-rails et routes et un pont viaduc, le métro d’Abidjan devrait permettre de transporter 540 000 passagers par jour et de générer 2 000 emplois.
MAX launched its services in Ghana
MAX, a leading mobility and technology company, has announced its entry into the Ghanaian market with the appointment of David Hoyme as Director of International Growth and Expansion.
Stellantis investit dans Africar Group pour créer Auto24
Stellantis investit dans Africar Group pour créer Auto24, Une start up dédiée au commerce de véhicules d’occasion
Stellantis invest in Africar Group to create Auto24, African used vehicle start-up
Auto24 is a direct to consumer used car company that brings new, innovative solutions ensuring transactions are conducted in a transparent and secure way.
South Africa decided to re-capitalize Denel, the state-owned aerospace and defence company
The decision to re-capitalise the state-owned aerospace and defence company with R3.4bn, announced by the Finance Minister, Enoch Godongwana in his medium-term budget policy statement (MTBPS).
Ouverture du premier magasin Winpart by CFAO en République démocratique du Congo
La RDC rejoint ainsi le réseau Winpart by CFAO dédié à la vente de pièces détachées et produits à un prix abordable pour l’entretien et la réparation de véhicules multimarques.
Car rental company Enterprise Holdings expands global footprint into South Africa
This marks the first time Enterprise Holdings brands will be available in South Africa.
Global car sales revenues to plunge by $200 billion in 2022, report
According to data presented by AugustaFreePress.com, with rising costs and low inventory plaguing the industry, global car sales revenues are expected to plunge by $200bn this year.
[Kenya] APA Insurance launches motor cover with flexible payment plan
The comprehensive car insurance payments are made over 12 months which allows clients to spread the cost over the course of a year.
MEA electric bus market to reach $1 billion by 2028, report
Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles.
MauBank lance son Green Financing Scheme destiné aux particuliers et entreprises
Encourager la réduction des émissions polluantes, et promouvoir l’adoption et l’utilisation de l’énergie propre et renouvelable. Tels sont les objectifs que s’est fixé la MauBank en lançant le Green Financing Scheme à l’intention des particuliers et des entreprises.
Sitarail réceptionne nouvelle bourreuse pour la maintenance de la voie ferrée entre Côte d’Ivoire et Burkina Faso
SITARAIL a réceptionné au port d’Abidjan une nouvelle bourreuse – niveleuse – dresseuse d’une valeur de 2 milliards de FCFA (plus de 3 millions d’euros), destinée à l’entretien et à la maintenance du chemin de fer entre la Côte d’Ivoire et le Burkina Faso.
AAAM have appointed Bernhard Manson-Kullin as a Project Manager for Component Manufacturing
The AAAM - African Association of Automotive Manufacturers have appointed Bernhard Manson-Kullin as a Project Manager responsible for Component Manufacturing effective 1 October.
African Association of Automotive Manufacturers to explore Cameroon's opportunities in the automotive industry
German Association of the Automotive Industry (VDA), the AAAM - African Association of Automotive Manufacturers visited automotive stakeholders in Cameroon to explore more opportunities and partnerships.
Digital marketplace platform IAA expands its service footprint to Mexico and Nigeria
IAA, a global digital marketplace connecting vehicle buyers and sellers, announced it has expanded its service footprint of IAA Transport to include Mexico and Nigeria.
Moove partners with MUFG and Suzuki to promote financial inclusion for mobility gig workers across Africa
The tri-party agreement is one of the first to involve an African fintech company and underscores the opportunity to leverage technology to improve the livelihoods of millions of people in emerging markets.
ISUZU Motors South Africa eyes African expansion with new center
ISUZU Motors South Africa (IMSAf) has confirmed Gauteng as the province of choice to house its very own Parts Distribution Centre (PDC). This strategic step will bring the ISUZU's PDC and training centre closer to its biggest regional market and the rest of Africa markets.
Deluxe Trucks & Buses announces financing deal with Kenya Commercial Bank
Ashok Leyland customers will now be able to access flexible financing options in a deal from Kenya Commercial Bank. The partnership will see customers enjoy up to 95% financing with an extended repayment period of 72 months as well as a comfortable 60-day payment holiday.
Family Bank, World Navi seal asset finance deal to ease importation of second-hand vehicles in Kenya
Family Bank customers can now directly import quality second hand vehicles by accessing up to 80% asset financing and 100% import duty financing, following a partnership between Family Bank and Japanese automobile exporter, World Navi.
Exploring opportunities in automotive manufacturing in Ghana
Japan Motors Trading Company Limited (JMTC), a major player in the automotive industry in Ghana is keen to explore opportunities in automotive component manufacturing.
L’usine Bontaz Tunisie choisie par Volkswagen pour un projet révolutionnaire
Volkswagen, la marque de voiture représentée par Ennakl Automobiles en Tunisie, a choisi l’usine Bontaz pour son prochain projet.
Ford launches new high-tech Stamping Plant for Next-Gen Ranger in Pretoria, South Africa
Ford Motor company announced its investment in Silverton Assembly Plant operations in Pretoria is coming to fruition, with the completion of the high-tech new Stamping Plant, which is now in operation.
[Kenya] Deluxe Motors and Bank of Baroda sign asset finance deal
In a bid to ease the financial load in the current business environment, new and repeat customers will in addition enjoy discounted loan facility fees.
Autochek acquires CoinAfrique to accelerate expansion across Francophone Africa
Autochek, the Nigerian automotive startup has accelerated its expansion to Francophone Africa after acquiring CoinAfrique for an undisclosed amount.
BII invests $20m in African mobility fintech Moove to strengthen the informal transport industry
The British International Investment (BII), the UK government’s Development Finance Institution (DFI), announced a $20 million, 4-year structured credit investment in Moove, a mobility fintech democratising access to vehicle ownership in Africa.
First electric minibus taxi set to launch in South Africa
A project team of companies and research institutions announced a research partnership to investigate and advance the feasibility of an electric minibus taxi in South African conditions by testing production vehicles in South Africa in 2023.
Isuzu Motors South Africa appoints Chule Qalase as Senior Manager CSR and Sustainability
He is highly regarded within the profession, holds numerous accolades of achievement and has a wealth of expertise straddling both the Public and Private sectors.
IFC and NAACAM partner to support South Africa’s automotive industry manufacturers
To support the growth of South Africa's automotive sector, IFC has partnered with the National Association of Automotive Component and Allied Manufacturers (NAACAM) to develop a database to help local parts makers more easily meet the procurement needs of global car manufacturers.
TRADE X opens new office in Lagos to accommodate growing automotive demand in Nigeria
TRADE X, a B2B cross-border automotive trading platform based in Ontario, Canada, announced it has opened a new office in Lagos, Nigeria, to help meet the growing demand for vehicles in Nigeria.
Bridgestone MEA sheds light on sustainable future of mobility
Bridgestone Middle East, India, and Africa (EMEIA) put green mobility in the spotlight anew during its participation at the premier Automechanika on Sustainability.
TAQA Arabia and Equatorial Guinea introduce CNG vehicles
The African Energy Chamber strongly supports the move taken by Equatorial Guinea to optimize its gas market through the introduction of compressed natural gas-powered vehicles.
Autochek acquires Morocco’s KIFAL Auto to drive North Africa expansion
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, Morocco’s leading automotive technology startup, to drive its expansion into North Africa.
[Egypt] ETIT and Zoomcar sign partnership to provide the latest tracking devices to the cars
Egyptian Company for Tracking Services (ETIT) has announced collaboration with Zoomcar, the largest car sharing marketplace covering emerging markets, according to which, Zoomcar fleet will obtain a number of tracking devices.
Mercedes-Benz to localize EV manufacturing in Egypt
Egypt wants to revive its automotive industry whose production has been dropping constantly since 2009-2010. In that regard, it developed a national program, which will greatly benefit from the announced plan.
Zambia and DRC Sign Cooperation Agreement to manufacture electric car batteries
Zambia and the Democratic Republic of Congo (DRC) has signed a historical cooperation agreement to facilitate the development of value chain in electric battery and clean energy sector.
Isuzu appoints Penelope Mkhwanazi as Senior Vice President: Revenue Generation for Africa and international markets
Penny's impressive work experience spans over 20 years in various industries such as manufacturing, mining, construction, fast-moving consumer goods, and entrepreneurship.
COLUMNS.
[Column] Anthony Mwangi: Functioning ORGWARE a panacea for Kenya economic transformation
Kenya has made significant strides in recent years, but there is still a need to steer economic growth to ensure a prosperous future for all Kenyans...read full column here
[Column] Christopher Saul: Kenya’s AI revolution can happen with the IT you already have
Artificial intelligence (AI) is set to become the most prolific and impactful technology trend in the world today ...read full column here
[Column] Moses Anibaba: Building connections and opportunities for young Africans
Empowering the youth is vital for the continent’s growth and potential and is crucial for economic growth, innovation, peace, and security ...read full column here
INTERVIEWS.
[Interview] Kenneth Njeru, Director of Africa Afya Healthcare
I had an interest in investing and I identified industries that were great and also brought change to the community, healthcare and Information Technology … read full interview here
[Interview] Yvonne Nelson, Actress and Entrepreneur, Ghana
Yvonne Nelson is a renowned Ghanaian actress and producer who has led a life filled with significant moments that illuminate her remarkable characteristics as a human being… read full interview here
[Interview] Edouard Docteur, Chief Delivery Officer, Global Voice Group
GVG assists governments to increase efficiency, revenue, transparency and compliance, through intelligent big data solutions … read full interview here
B2B Events
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