Dear PtSA Member,
PtSA, a member of the African Association of Automotive Manufacturers (AAAM) shares this brief with you exclusively as our member.
Moving towards the northern part of the continent, 3atlana, an Egypt-based car service app, has raised a six-figure seed round from Ghabbour Auto, a leading automotive company in Egypt to strengthen their AI system. This app aims to make essential car services easier, faster and more efficient by providing everything a driver may need, including scheduling maintenance, roadside assistance, and a connection to nearby service providers.
Through the 3atlana app, users will be able to access door-to-door services, where an engineer and mobile car centre will be sent to their location, and they will be able to purchase spare parts with a three-month guarantee. For those wishing to buy a used car, 3atlana can inspect the car through its resale car service, giving buyers the assurance they need before making their purchase. (see article: Egyptian car service app 3atlana closes Seed round)
Enjoy the read!
Africa Automotive News Briefing 9 September
Dear AAAM Member,
The Africa Automotive News Briefing provides a weekly summary of key automotive developments from across the continent for AAAM members.
AAAM appoints Jeffrey Oppong Peprah as Vice President for West Africa
The African Association of Automotive Manufacturers (AAAM) has appointed the President of the Automotive Assemblers Association of Ghana (AAAG), Jeffrey Oppong Peprah as Vice President representing West Africa.
AAAM applauds Ghana auto policy rollout as local assembly numbers expand
The African Association of Automotive Manufacturers (AAAM) says it fully supports the government of Ghana as it continues to implement the provisions in its new Automotive Development Policy (ADP).
Read more via Engineering News
Egyptian auto-tech startup Carzami raises pre-seed equity, debt funding round
Egyptian startup Carzami, an online retailer for quality used cars and vehicle financing, has cloed a pre-seed round led by Contact Financial Holding, together with a scalable inventory financing facility, which it plans to use to transform Egypt’s used car market, targeting US$30 million in revenue by 2024.
Egyptian car service app 3atlana closes Seed round
3atlana, an Egypt-based car service app, has raised a six-figure seed round from Ghabbour Auto, a leading automotive company in Egypt to strengthen their AI system. Founded in 2020 by Sherif El Adham, Ahmed Hassan, and Amr Hesham, 3atlana aims to make essential car services easier, faster and more efficient by providing everything a driver may need, including scheduling maintenance, roadside assistance, and a connection to nearby service providers.
Morocco poised to attract more Japanese investments
Morocco stands as the second largest destination for Japanese investments in Africa with 75 firms employing 50,000 people, a position that well-places the Kingdom to attract more investments as Japan seeks a foothold for its companies at the crossroads of major global trade routes.
NTSA Responds to Illegal Transfer of Cars on Its TIMS Account
National Transport and Safety Authority (NTSA) has offered to help a disgruntled car owner track details of his two vehicles which allegedly disappeared from their online portal, the Transport Integrated Management System (TIMS) account.
Nigeria crawling in global race for electric vehicles
For many developed countries, the switch from fossil fuel to cleaner and renewable sources of energy is ongoing and inevitable, and electric cars, a key part of this, threaten the conventional fuel car market. As transportation remains important in driving economies, electric vehicles are gradually taking the centre stage, with eco-friendly technology designed to reduce man’s dependence on fossil fuel. But as this new technology is increasingly embraced by many countries of the world, Nigeria has continued to lag in the global race.
Read more via Business Day Nigeria
Vbank, Autochek partner on auto loan product
Vbank a digital bank powered by VFD Microfinance Bank has partnered with Autochek, an automotive technology firm to make it easier and quicker for customers to access loans at the most competitive interest rates to purchase their desired vehicles.
South Africa’s New Energy Vehicle Roadmap to be production-led, Patel confirms
Trade, Industry and Competition Minister Ebrahim Patel insists that South Africa’s New Energy Vehicle (NEV) Roadmap is taking shape amid warnings that, absent urgent government decisions on the future support framework, the domestic automotive manufacturing sector is at serious risk.
Read more via Engineering News
Dave Coffey – CEO – African Association of Automotive Manufacturers – ceo@aaamafrica.com
Victoria Backhaus-Jerling – Head of Project Office, South Africa – VDA-AAAM Partner Africa Project – victoria.jerling.extern@vda.de
Issaka Tetteh – Project Manager, ECOWAS Region – VDA-AAAM Partner Africa Project – iltetteh@aaamafrica.com
Regards