Market News
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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. . .EAC works to Excel in Low Cost Car Assembly & manufacturing Plants in East Africa
Posted on :Friday , 28th September 2018
The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region.
This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summ. . .Hyundai introducing a new line up at Autoexpo Africa for Tanzania
Posted on :Saturday , 22nd September 2018
Tanzania offers many opportunities and the 21st Autoexpo Africa scheduled for November 2018 in Dar es Salaam is one of the mainstream avenues for marketing a global brand like Hyundai to the East African region. The company is preparing to introduce new products and is working on expanding its portfolio of vehicles to cater to the next generation car owner. Hyundai believes that people’s . . .
4 More Car Manufacturers Target East Africa for Local Auto Assembly
Posted on :Tuesday , 17th July 2018
Car Manufacturers are targeting East Africa to setup assembly line within the region of the continent.Simba Corp, a Kenyan company is in discussion with 4 automakers for setting up their assembly units in the country. While Chief Executive Officer of Simba Corp Adil Popat confirmed discussion with Renault of France about their assembling unit, the other car manufacturer showing interested is Ma. . .
Creating a Pan-African Auto Industry
Posted on :Thursday , 21st June 2018
The chairman and managing director of Volkswagen Group South Africa (VWSA) , Thomas Schaefer says "I’m trying to create something pan-African". Having assembly started operations in Kenya in 2016 and now 2018 in Rwanda. It’s not just the engine, VWSA also produces the flourshing compact car, the Volkswagen Polo. The organization has recently invested $20m in Rwanda r. . .
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