Nigeria-based car financing platform Autocheck, has acquired a majority stake in Egypt's used cars marketplace, AutoTager, which was founded in 2021 by Amr Rezk. The acquisition will enable Autochek to deepen its presence in North Africa starting with Egypt, the second-largest automotive market in Africa. The company currently has a presence in nine countries across East, West and North Africa. This is the third acquisition for Autochek in less than a year and the sixth in under two years. The acquisition represents Autochek’s entry into Egypt, which is Africa’s second largest economy and the continent’s second largest automotive market.

Source: The North Africa Journal April 18, 2023 10:43 UTC