Autochek, the African-based automotive technology company, has announced its latest acquisition of a majority stake in AutoTager, an Egyptian automotive technology company that simplifies the car buying and selling process. This allows Autochek to deepen its presence in North Africa and support the ongoing growth of AutoTager. AutoTager is a venture-backed startup that connects dealers with serious buyers and technology solutions to improve their operations. The acquisition represents Autochek’s entry into Egypt, which is Africa’s second-largest economy and the continent’s second-largest automotive market. Autochek is an automotive technology development company that is building the infrastructure to make car ownership more accessible and affordable in Africa.

Source: The North Africa Journal April 23, 2023 16:46 UTC