Historic Memorandum of Understanding signed between 12 Private Sector Automotive Associations in Africa and Europe to develop the Automotive industry in Africa

A memorandum of understanding was signed virtually between 12 Automotive Associations within the ambit of the EU – Africa Business Forum 2022 on 16 February with the aim of driving the development of the Automotive Industry in Africa. The Automotive sector whilst key for the industrialisation of Africa is often associated with several challenges including, persistent market fragmentation, lack of regulatory alignment between African countries and the two continents, industrial and trade policies not conducive to local and foreign investment, […]

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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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