“The question on Africa isn’t, ‘Is it a market of the future?’” Mike Whitfield, Nissan’s top executive for Africa, told Reuters. But that will require addressing the well-entrenched interests of second-hand car dealers, smugglers and lowering the price of new cars. The AAAM identified Kenya, Nigeria and Ghana as potential manufacturing hubs and helped draft legislation setting up standards and incentives. VW and Nissan have set up operations in Nigeria, Kenya and Ghana or have pledged to do so. They say this distorts the market by allowing dealers to buy the cars at scrap prices and export them to Africa.

Source: The Star April 15, 2019 01:52 UTC