Kenya has its own car industry and its own SUV

Kenyan company Mobius Motors has found the funds to launch the production of an affordable SUV priced from $10,000 designed specifically for driving on dirt roads in Africa. The bulk of the $50 million loan was provided by PanAfrican Investment Company, a private equity firm based in New York. But something else is important. Kenya […]

North Africa is emerging as a new automotive manufacturing hub

This is due to the increasing demand for cars and the influx of foreign investment in the region The major car manufacturers are looking to create a new automotive cluster in North Africa, despite Africa’s rare history of industrial success. Volkswagen, Renault, Peugeot, Hyundai Motor, Toyota Motor have invested billions in Africa in recent years. […]