Browsing: Automotive industry in Africa

Africa’s automotive market size is expected to grow from 1,325.89 thousand units in 2023 to 1,777.69 thousand units by 2028, at a CAGR of 6.04 per cent, during the forecast period between 2023 and 2028. According to a recent report by the Globe Newswire, the market is expected to reach the pre-Covid demand rates from customer industries only in the second half of 2023. This is because the African automotive market was severely affected by the Covid -19 pandemic.…

• Nissan Africa has announced changes in leadership aimed at unlocking the potential of the African market.
• The new leadership structure  will take effect from  April 1, 2023,to drive the company’s mid-term plan.
• Sherief Eldessouky has been appointed Managing Director of Nissan Africa replacing Mike Whitfield.

Nissan Africa has announced changes in leadership aimed at unlocking the potential of the African market. The new leadership structure will take effect from April 1, 2023, to drive the company’s mid-term plan.

Sherief Eldessouky has been appointed Managing Director of Nissan Africa replacing Mike Whitfield, who will now become the Group Strategic Advisor for Policies, Political Affairs and External Relations.

Eldessouky, who previously combined the twin roles of being Nissan Egypt country director and driving the transformation of Nissan Africa, has spent his life in the automotive industry in a career that has taken him from his native Egypt to Brazil, China, Korea, the …

• Nissan has opened a new state-of-the-art Navara assembly plant in Ghana
• This marks the second Nissan assembly plant after the Nissan plant in Rosslyn, South Africa
• Ghana imports over 100,000 vehicles yearly; 90 per cent of these are used vehicles, with an estimated value of US$1.14 billion annually

Nissan and Japan Motors have grown a keen interest in the automotive industry in countries among the largest economies in Africa.

The president of Ghana, Nana Addo Danquah Akufo-Addo, officially opened the brand-new state-of-the-art Nissan Navara assembly plant in Tema, Accra, on March 31, 2022.

This marks the second Nissan assembly plant after the Nissan plant in Rosslyn, South Africa.

Ghana and Nissan started their partnership together in 2018 when the latter became the first mover in the West African country to sign an MoU with the state to work towards creating the Ghana Automotive Development Policy.

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