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12 March 2021 - 06:00 David Furlonger Picture: REUTERS The dream is clear: develop a pan-African motor industry to service a new-vehicle market that will grow by 400% over the next 15 years. Multinational vehicle and components companies say they are prepared to invest billions of dollars to promote regional manufacturing hubs to service the world’s last great untapped continental market. But there’s a hitch. Many African countries, including some of the most populous, lack credible banking systems that allow any but the wealthiest to finance the purchase of high-value goods.  So who will buy the millions of vehicles needed to justify motor companies’ investments?

Western capeSouth africaJohan mareeEugene ochseDave coffeyKevin brooksJacques van zylDhiren vanmaliAfrican association of automotive manufacturersStandard bank africanFirst national bankAfrican associationAutomotive manufacturersEgypt based african export import bankAfrican continental free trade areaStandard bank