Wednesday, June 2, 2021
However, despite some progress, these ambitions face serious obstacles.
- 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.