A New Step for Kenitra Site to Support Growth Plans for Middle East and Africa Region

At the occasion of meetings with the Moroccan Head of Government, the Minister of Industry and Trade, and the Minister Delegate to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Stellantis today announced an over €300 million investment in its Kenitra manufacturing facility aimed at doubling the site’s production capacity and launching the “smart car” platform. This enhanced capacity supports the Company’s growth plans for Middle East and Africa region, as it pushes to […]

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African Development Bank to showcase its youth agenda at Youth Connekt Africa Summit

What:      African Development Bank to host session at Youth Connekt Africa Summit Who:      The Government of Rwanda; YouthConnekt Africa Hub, the United Nations Development Programme; African Development Bank, Development Partners When:     14 October 2022 Where:    Intare Conference Arena, Kigali, Rwanda African Development Bank Vice President for Private Sector, Infrastructure and Industrialization Solomon Quaynor will join Africa’s young generation of innovators, policymakers, champions and leaders at the 2022 Youth Connekt Africa Summit, taking place in Kigali, Rwanda, from 13 to15 October […]

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Stellantis invest in Africar Group to create Auto24, African used vehicle start-up

• Auto24, new subsidiary of Africar Group, launches its activities in Ivory Coast • Africar Group is a class leading and multi country digital automotive marketplace across Sub-Saharan Africa • Stellantis investment aims at accelerating its used vehicle (UV) business on the buoyant African UV market • Auto24 is a faster and safer way to buy and sell used vehicles in Africa Africar Group and Stellantis announce the launch of Auto24 activities in Abidjan, Ivory Coast. Auto24 is a direct […]

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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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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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As Covid-19 strains health budgets, African Development Bank and partners develop tool to enhance public-private collaboration

The African Development Bank, the World Health Organization Regional Office for Africa and their partners in the Harmonization for Health in Africa Initiative have published a study on public-private collaboration in the health sector. The publication provides an assessment tool to assist countries and other interested development partners to identify related constraints and conduct constructive dialogue that enhances partnerships. Insights are offered from Burkina Faso, Malawi and South Africa, where the assessment tool was tested. Public-private collaboration in health is […]

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