1/7/2023 0 Comments Roze siah part 173“The motorisation rate in this region was very low in 2018, with 42 cars per 1 000 inhabitants, against 837 in the United States, 173 in China and 214 in South Africa, for a world average of 180 cars per 1 000 inhabitants. Vilakazi said the Sub-Sahara Africa automotive sector currently accounts for less than 3% of global production, against 30% for China, 22% for Europe and 17% for North America. The announcement follows this year’s Intra-African Trade Fair Conference, which took place from 15 - 21 November 2021 under the theme African Continental Free Trade Area (AfCFTA) - a single market for goods and services across 55 countries, aimed at boosting trade and investment. “Final negotiations between Senegalese Investment Agency, PAIMRAI, and the CDC have recently concluded with the CDC and Automotive Investment Holdings (AIH) being appointed to elaborate a strategy for the development of the automotive industry in Senegal,” CDC Head of Marketing, Brand and Communications, Dr Ayanda Vilakazi, said on Monday. The Coega Development Corporation (CDC) has announced that its extending its external advisory services and expertise beyond national borders as part of the Coega Africa Programme.
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