As the Africa intelligence partner for Automechanika Dubai 2022, we shared different insights during the AfriConnections session: Future opportunities in a changing African automotive aftermarket.
One of the slides from our presentation shed light on the automotive manufacturing sector. 20 years ago, South Africa was the only notable vehicle producer in Africa. Since then, Morocco has made tremendous progress and produced around 400,000 vehicles in 2021. Egypt has become more active as well, and countries in sub-Saharan Africa, such as Kenya and Ghana, are gearing up to become the next growth frontiers of the industry. With Africa’s vehicle fleet predicted to grow substantially over the next decades, the sector presents vast prospects for international firms.
We shared in-depth data and recommendations in the panel to help international firms in their Africa strategy. Get in touch if you want to speak more about opportunities for your company in Africa´s automotive markets.
Read previous SOTMs (Slides of the month) here