Bridgestone Middle East, India, and Africa (EMEIA) put green mobility in the spotlight anew during its participation at the premier Automechanika on Sustainability.
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, 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.
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.
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 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.
Toyota Kenya and Rafiki Microfinance Bank have entered an asset financing deal targeting the growing biker community.
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.
Isuzu Motors South Africa has invested R580-million to support component localisation as part of its greater investment in local production of the new D-Max bakkie.
Egypt’s listed auto dealer Ghabbour Auto (GB Auto) plans to establish a joint venture to assemble and distribute passenger vehicles in Kenya.
Uber has suspended its operations in Tanzania, citing a tough regulatory environment that has made it difficult for the ride-hailing company to continue running in the East African country.
The Federal Ministry of Power has in Lagos launched 10 electric-powered motorcycles manufactured by MAX Nigeria under its Electric Vehicle opportunities in rural and peri-urban communities in Nigeria.
The plant is the culmination of a journey that began in 2018 when Nissan became the first mover in the country to sign a memorandum of understanding with the government to work towards creating the Ghana Automotive Development Policy.
IAA, Inc, a global digital marketplace connecting vehicle buyers and sellers, has announced a new market alliance agreement with Boacon Autos in the country of Ghana.
The Nigerian stock market indicators have shown lately a typical pattern in stock markets – investors stay loyal to the resilient stocks.
South African automotive group, Motus Holdings, has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 1 April 2022.
Africa has in the past decade positioned itself as a knowledge economy, with one of the most robust startup ecosystems in the world.
TR Tech and fleet-tech startup LocoNav introduce GPS, IoT, and Vehicle Telematics Solutions in South Africa
Integrated tech-services provider TR Tech and full-stack fleet-tech startup LocoNav have announced a new partnership to introduce GPS, IoT, and Vehicle Telematics solutions in South Africa.
Nairobi headquartered e-mobility startup BasiGo has today flagged off the first electric buses in the country for passenger use.
Artificial intelligence, onboard sensors, driver assistance systems, connectivity, and other software-based features are all fuelling this automotive evolution.
Finastra announced its partnership with DataGear, a leading service provider for banking and financial services in Egypt, to enable corporate banks to rationalize core operations, automate compliance and reduce costs.
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.
The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of the private manufacturing and service sector in Morocco, with a €12 million loan to Morocco Mobility and Automotive Centre (ATC).
Nigeria has more than 12 million registered vehicles, and approximately 90% of them are used cars that need frequent checkups to prevent recurring breakdowns.
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.
African mobility fintech company Moove secures $10 million financing to support expansion to West Africa
NBK Capital Partners Mezzanine Fund II has announced that it closed a $ 10 million financing facility with Uber's exclusive vehicle supply partner in Africa, the mobility fintech Moove.
Ezz Elarab Automotive Group, the sole importer and exclusive distributor of Volvo cars in Egypt has recently announced the launch of the latest showroom for the Swedish brand in One Katameya, East Cairo.
The bank will allow electronic collection services through Zoomcar Egypt’s website and mobile application using the bank cards and BM wallet as well as other electronic wallets via QR Code.
Swedish-Kenyan electric vehicle tech startup Opibus launches first electric bus designed and developed in Africa
Swedish-Kenyan electric vehicle technology startup Opibus has introduced the first all-electric bus in Kenya as well as the first African designed electric bus ever.
Automobile manufacturer The Honda team from Ogun State in Nigeria recently visited IITA Headquarters to strengthen the partnership between IITA and Honda and explore future areas of collaboration.
Processes originally aimed at speedy application development are giving manufacturers the tools to build the next generation of urban-flight and space vehicles in Africa.
Ghana Oil Company (GOIL) has unveiled its latest one-stop shop Auto and Lube centre in its Dahwenya station, located in the Greater Accra region of Ghana.
[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’s leading autotech platform, Fixit45 has announced the acquisition of Parkit, a network of tech-enabled autocare and car wash centres.
[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.
KeyTec, a disruptive fleet-tech startup, has partnered with LocoNav to capture the emerging and high-growth video telematics market throughout Africa.
Motorola Solutions has acquired Envysion, Inc., a leading provider of enterprise video security and business analytics solutions for the quick-service restaurant and retail industries.
Autochek, the Nigerian automotive startup which recently expanded to Kenya has secured $13.1mn in seed funding.
Zoomcar, who dominates the car sharing market in India, has expanded to the MENA region and recently appointed Hany Olama as their country head in Egypt to help scale their car sharing marketplace.
Morocco is currently Africa’s first passenger car manufacturer. Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion exports made in the car industry at the end of 2018.
Alternet Systems, Inc. (ALYI), announced finalizing terms to deliver 3 wheeled electric vehicles (EV) into the taxi market in Ethiopia.
The COMESA Regional Third-Party Motor Vehicle Insurance (Yellow Card) Scheme has launched a Digital Yellow Card Helpdesk System designed to track all queries reported by users.
Autochek has on Monday announced that it has reached an agreement to acquire ROAM Africa's automotive marketplaces Cheki Kenya and Uganda.
PPG Industries announced the startup of a facility in Tangier, Morocco, that will produce automotive sealants for local vehicle production.
African fintech startup Moove raises $23 Million Series A funding to democratize vehicle ownership in Africa
Operating on a continent with more than a billion people who have limited or no access to vehicle financing – and the lowest per capita vehicle ownership in the world – Moove will use the funding round to build a full-service mobility fintech that democratizes vehicle ownership across Africa.
The Competition Tribunal of South Africa has unconditionally approved the large merger whereby Transaction Capital (TC), through its wholly owned subsidiary, Transaction Capital Motor Holdco (TCMH) will increase its shareholding in We Buy Cars.
Gerd is a German citizen and has more than 30 years of international experience in the automotive industry across various areas such as business development, finance, retail operations, dealer development and sales and marketing.
He will be based out of Pune, India. Gaganjot Singh succeeds Marc Pasquet, who has been called to other functions in the Michelin Group.
South Africa’s Fuel management and payment solutions specialists Payment24 have launched a new module in their comprehensive solutions suite, bringing contactless, cardless and secure fuel payments to market.
Teddy Kimani is the CEO and Founder of Vukaplus, a Kenyan-based classified ads company that provides an online platform for users to place ads for properties, cars, job vacancies, businesses and services.
IAA, Inc., the global digital marketplace connecting vehicle buyers and sellers, announced a strategic market alliance in Nigeria with Boacon Autos.
African Export-Import Bank (Afreximbank) is supporting the African Organisation for Standardisation (ARSO) to harmonise standards in the automotive sector in Africa in order to facilitate an accelerated development of the sector across the continent.
Daimler and Nokia announced that they have signed a patent licensing agreement under which Nokia licenses mobile telecommunications technology to Daimler and receives payment in return.
The Department of Trade, Industry and Competition (the dtic) has released a Green Paper on the advancement of new energy vehicles in South Africa as part of a series of policy papers accompanying the 2021 Budget Vote for the Department.
ALYI adds self-drive rentals to electric motorcycle rideshare program targeting $4 billion African market
Alternet Systems, Inc. has announced expanding its plans to deliver its first rideshare electric motorcycles to Kenya to go into service by July of this year to include additional electric motorcycles for the self-drive rental market.
Under this financing solution, Kenyans will be able to borrow funds against a vehicle that they already own provided the vehicle is not under any financing.
Siemens Energy, working with Turboden S.p.A., a Mitsubishi Heavy Industries Group Company, started development on the GASCO Dahshour gas compressor station (GCS) in Egypt.
New International Energy Agency (IEA), report sees major expansion in electric vehicle adoption this decade, which could accelerate further if governments implement policies aimed at reaching net zero goals.
SunTrust Bank has launched the Small and Medium Enterprises product loan for women in the logistics business tagged Women on Wheels (WOW).
Vodacom Tanzania and Britam Insurance have inked a partnership deal that will see the former issuing third party motor vehicle insurance cover to its over 15 million clients.
Sasol and Toyota South Africa Motors (TSAM) announced the formation of a partnership to commence exploration of the development of a green hydrogen mobility ecosystem in South Africa.
SHEKINA Enterprise is a going-concern Rwandan food processing company, created in 2007 from the idea of MBATEZIMANA who visited a small market in his home village and met some girls who were throwing cassava leaves in the garbage and decided to come up with an innovative product.
Volkswagen Mobility Solutions Rwanda unveiled a new charging station, thanks to a partnership between the company, Siemens and Radisson Blue Hotel.
BSMO Co., Ltd. and SBI Africa Co., Ltd. have established the SBI Motor Tanzania office in Dar es Salaam, the very first official SBI Motor office in Africa.
Motus Holdings, South Africa’s automotive group, acquired a 49% stake in GetWorth, a pioneering innovator in South Africa’s pre-owned vehicle industry.
Previously, Isuzu’s sales team were relying on Excel spreadsheets, CRM tools, emails and portals to log, track and manage customer enquiries. This left them without a complete view over each customer and unable to accurately track the progress of the sales pipeline.
Under the deal, customers will be able to acquire a Tata range of commercial vehicles with up to 95 percent financing from NCBA Bank for up to 60 months.
Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030.
Cameroon suspends the installation of GPS on trucks that transport goods to the Central African Republic
According to the Cameroonian Ministry of Transports, the parties agreed to suspend the installation of GPS on trucks that transport goods to the Central African Republic because of the large number of vehicles currently waiting for the installation of that equipment at the port of Douala.
With younger age groups starting to actively participate in the acquisition of assets, expectations on financial institutions and their offerings are changing rapidly.
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) entered into a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa.
Uganda has become the first country in the eastern and southern African region to convert its driver’s licensing categories to conform to the regionally harmonized Tripartite Transit and Transport Facilitation Programme (TTTFP) standards.
Ford Motor Company announced an investment of $1.05 billion in its South African manufacturing operations to modernize, expand South African manufacturing for all-new Ranger.
[South Africa] Ford, Google partner to accelerate auto innovation, reinvent connected vehicle experience
Ford and Google announced a strategic partnership to accelerate Ford’s transformation and reinvent the connected vehicle experience.
Alternet Systems, Inc. (ALYI), announced finalizing plans for its first rideshare electric motorcycles to go into service by July of this year. ALYI has an order to deliver 2000 electric motorcycles in Kenya to be deployed into the motorcycle taxi (boda) market.
Toyota South Africa Motors (TSAM) announced it will be manufacturing and selling the brand-new Corolla Cross in South Africa in the fourth quarter of the year.
The Ford Motor Company Fund is awarding the first grants from the Booth Schoch Future Success Fund to budding entrepreneurs at the Ford Resource and Engagement Centre (FREC) in South Africa.
Autochek, the automotive technology company that aims to build solutions for the African market, has commenced operations in Accra, Ghana.
Sumitomo Rubber South Africa, manufacturer of the Dunlop, Sumitomo and Falken tyre brands for the African continent, has announced the appointment of Lubin Ozoux as the new Chief Executive Officer and Executive Director effective 1 January 2021.
Sokowatch, the innovative East African e-commerce platform, has launched electric three wheelers, commonly referred to as tuk-tuks, to its delivery fleet in Uganda, making the vehicles the first to be used commercially in East Africa.
Nissan has appointed longtime partner Japan Motors Trading Co. as its local partner in an all-new vehicle assembly facility in Accra.
Ford Motor Company of Southern Africa has embarked on a pioneering solar energy project for its Silverton Assembly Plant in Pretoria, as part of its vision to develop an integrated renewable energy solution.
Despite a big reduction in the size of the global car rental market due to the Covid pandemic, StressFreeCarRental.com continues to expand into new international markets.
CNN International Commercial (CNNIC) and Hyundai Motor Company (Hyundai) have collaborated on a cross-platform campaign that explores how innovation will change the way we will live in the future.
Toyota Tsusho announced the establishment of Toyota Tsusho Manufacturing Ghana, a vehicle production company, and acquired license for a vehicle assembly business, a first for a Japanese company in Ghana.
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.
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.