When you look around Africa, you see several foreign car brands on the roads. It has been like this for years due to the continent’s large dependence on imported cars from Europe, Asia and America to meet its mobility needs.
Africa imports four times more automotive products than it exports, with automotive imports worth US$52 billion in 2020 and exports worth only US$13 billion in 2020.
However, some local automotive entrepreneurs have been making giant strides to flip the script.
Although still nascent, Africa’s car manufacturing is growing, with more companies getting closer to their local customers. And it is not just happening by chance; it is a well-thought move. These manufacturers are designing cars that can tackle rugged terrains, survive harsh climates, and cater to diverse communities across the continent
Source: BI
