Market News | AUTOEXPO Ethiopia 2020

Market News

  • African Car Sales Experiences An Exceptional Raise

    Posted on :Wednesday , 29th May 2019

    A struggling economy, political uncertainty, fragile consumer confidence, mounting pressure on disposable income, and diminished purchasing power as a result of higher interest rates and fuel price hikes, have all taken their toll on domestic new vehicle sales in South Africa. However, it’s not all doom and gloom for the automotive sector. According to the latest new vehicle sales statist. . .

  • Tshwane, capital of South Africa is all set to become a leading automotive investment destination in Africa

    Posted on :Friday , 5th April 2019

    The Automotive Industry Development Centre (AIDC) has begin the first step of a R50 billion mega-development which will see Rosslyn, north east of Pretoria, become the new automotive manufacturing capital of South Africa, and a leading automotive investment destination in Africa.


    South Africa’s capital, City of Tshwane, is set to become the automotive capital of Africa wit. . .

  • EAST AFRICA: BEST INVESTMENT DESTINATION IN 2019

    Posted on :Friday , 8th February 2019

    Report from Rand Merchant Bank (RMB) has forecasted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. 

    East Africa being a performing region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI).
     
    Justifying to the report, Ethio. . .

  • East Africa Vehicle Assembly Planning To Boost Automotive Industry

    Posted on :Friday , 4th January 2019

    Establishment of the Regional Automotive Industry Platform of East Africa has enhanced East African states to move towards integrated automotive market.
    They instinct it will be productive for global automotive manufacturers to invest in the region in both assembly and component manufacture.The new platform (Raipea) aims to help the region save more than $2 billion in car import costs an. . .

  • Volkswagen Contemplating Entering Ethiopia

    Posted on :Wednesday , 10th October 2018

    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 Afr. . .

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