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Pan-African auto plans faces structural hurdles

Wednesday, June 2, 2021

Significance

However, despite some progress, these ambitions face serious obstacles.

Impacts

  • African governments may be reluctant to halt the unrestricted flood of dumped, used vehicles into their markets given public pushback.
  • Despite a growing middle class in many countries, the absence of credible banking systems makes vehicle finance highly inaccessible.
  • Nigeria, long the dominant force in West Africa, risks missing out on becoming the region's proposed hub absent policy changes.
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