Pan-African auto plans faces structural hurdles

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.