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.
Toyota Kenya and Rafiki Microfinance Bank have entered an asset financing deal targeting the growing biker community.
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.
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.
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.
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.
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.
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.