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African automotive industrialisation requires political will, ecosystem

March 27, 2020

Increasing the motorisation rate in Africa from about 42 vehicles per 1000 people to at least the world average of 180 vehicles per 1000 people provide an opportunity for industrialisation, economic growth, balance of payments and job creation in Africa, says industry body African Association of Automotive Manufacturers (AAAM) CEO Dave Coffey. This presents an opportunity to increase the number of new vehicles sold, and facilitate automotive and component manufacturing in African countries. Effective automotive industrialisation depends on supporting and enabling policies in the countries along with an automotive ecosystem in which companies in various African countries will participate in regional automotive manufacturing hubs-and-spokes.

Link to Engineeringnews.co.za

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