2021 recorded over 215,000 vehicles sold in Egypt, thus creating job opportunities for thousands of individuals in Egypt and registering Egypt as a prime market for car financing services. This report explains Autochek’s acquisition of majority stakes in AutoTager, an Egyptian automotive technology company. This Partnership, according to AutoTager’s CEO, will enhance their ability to push for new frontiers in the automotive industry especially given Autochek’s automotive expertise. Their business models in the automotive industry are revolutionary and are something AutoTager will significantly benefit from. AutoTager will now have various cutting-edge automotive tools to offer its customers.

Source: The North Africa Journal May 02, 2023 08:50 UTC