Car makers on the road to establishing Kenyan hub
AAAM targets automotive industry in East African country, while building on Nigerian plan of action
A group of car makers led by executives from Ford and Nissan will seek to work with Kenyan authorities to develop an auto-manufacturing industry in the East African country, building on talks with Nigerian legislators about their own market. The African Association of Automotive Manufacturers, (AAAM), which also includes Toyota Motor, General Motors, BMW and Volkswagen, has formed to take advantage of a new surge of interest from African states in building vehicles domestically. In August, the group urged Nigerian President Muhammadu Buhari and senior officials to limit the inflow of barely used second-hand cars and firm up policy for prospective car makers and parts suppliers. "What we talked to them about in all the meetings is that, if you are really interested in this, then it can’t just be about bringing assemblers in," Ford sub-Saharan Africa CEO Jeff Nemeth, who chairs the group, said at the company’s Pretoria plant. "It’s got to be about bringing in the whole value chain, th...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.