AAAM/VDA Lead a Study tour to Morocco

Due to many factors including its proximity to Europe, highly skilled human capital, political stability, and free trade agreements with the USA, EU, and other countries, the Kingdom of Morocco has attracted many global automotive players over the last few years. For the year 2021, estimated passenger vehicle production was reported at 403,007 vehicles with some 175, 360 units sold locally whilst 358, 745 were exported. Renault and Stellantis are the main OEMs with CKD manufacturing facilities in the country, […]

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Rethinking the Foundations of Export Diversification in Africa

Soaring food and energy prices are hitting African countries especially hard as they struggle with the impact of the COVID-19 pandemic, climate change and the war in Ukraine. To cope with current crises and insulate itself against future shocks, Africa must diversify its economies. The continent of 1.4 billion people is among the least diversified regions in the world with regard to exports. Download the full report Download the executive summary Commodities account for more than 60% of total merchandise […]

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EU-African trade gets new opportunities

The Ukraine war will also lead to a reorganisation of supply chains in the mechanical and plant engineering sector, strengthening closer economic ties between Europe and Africa. VDMA, Europes’s most important Mechanical Engineering Industry Association has established training centres in Botswana, Nigeria and Kenya, where prospective skilled workers are trained on modern machinery and equipment as part of the initiative “Skilled Workers For Africa”. “After the Ukraine war, many companies from the mechanical and plant engineering sector will try to […]

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Focus will be on local businesses, products and services at upcoming Automechanika Johannesburg

Wide-ranging participation by large numbers of overseas exhibitors from a host of countries has been a feature of Automechanika Johannesburg since the first of these trade shows for the automotive aftermarket was staged at Expo Centre, Nasrec, in 2009. This all changes in favour of local exhibitors at Automechanika Johannesburg 2022, which takes place at the same venue from June 7-10. “Although the only international exhibitors currently signed up to come to Automechanika Johannesburg this year are from Germany, the […]

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VDMA: Strengthen relations with Africa!

V Commenting on the sixth Summit between the EU and the African Union on 17 and 18 February 2022, Ulrich Ackermann, Head of the Foreign Trade Department at VDMA, says: “It is important that this Summit lays the foundation for a deeper and comprehensive partnership between the EU and the African Union, especially in the areas of trade, infrastructure and climate change. Africa is our neighbouring continent with more than 1.3 billion people, making it an important partner region. It […]

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Speech by Dr. Akinwumi A. Adesina President, African Development Bank Group at the Twenty-Fifth Ordinary Session of the Assembly of the African Union Addis Ababa, 5-6 February 2022

Mobilizing Financing for Africa’s Accelerated Economic Recovery, Development and Integration Your Excellency Macky Sall, President of the Republic of Senegal and Chairperson of the African Union Your Excellency Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia, Our Gracious Host Your Excellencies Heads of State and Government Your Excellency Moussa Faki Mahamat, Chairperson of the Africa Union Commission Your Excellency Amina Mohammed, Deputy Secretary General of the United Nations, Representing the Secretary General of the United Nations Your […]

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Market entry and vocational training in Africa

Qualification is the key to economic development and social participation – many African countries have a lot of catching up to do, especially in vocational education and training. The VDMA Africa Initiative is focusing on new forms of development cooperation that drive local value creation and focus on the needs of small and medium-sized enterprises. The VDMA training centres provide sustainable structures that enable long-term, needs-based training and further education of urgently needed skilled workers. In a 2019 study by […]

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Stephen Ashcroft Appointed the African Development Bank’s Director of Corporate Services and Procurement

The African Development Bank Group is pleased to announce the appointment of Mr. Stephen Ashcroft as Director, General Services and Procurement, with effect from 16 February 2022. Mr. Stephen Ashcroft, a British national, brings more than 25 years of progressively responsible managerial experience in procurement and related fields. He is joining the Bank after a career at AECOM, a Fortune 500 multinational infrastructure consultancy. His last role was as Commercial Director at NEOM, Saudi Arabia, the world’s largest construction program […]

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