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Islamic Corporation for the Development of the Private Sector (ICD)

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    • Islamic Corporation for the Development of the Private Sector (ICD) and Partner Provide Financing to Indonesia Multifinance Company for SME Sectors
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Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Islamic Corporation for the Development of the Private Sector (ICD) and Partner Provide Financing to Indonesia Multifinance Company for SME Sectors

The financing raised via Murabaha financing structure, shall meet MFIN’s funding requirements for the financing of new two-wheeled motor vehicles

The Islamic Corporation for the Development of the Private Sector (“ICD”) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank (“IsDB”) Group, signed a Shari’ah compliant Line of Financing agreement with PT Mandala Multifinance Tbk (“MFIN”) for an amount of USD 30 million (total facility of up to USD…

United Nations Educational, Scientific and Cultural Organization (UNESCO)
Source: United Nations Educational, Scientific and Cultural Organization (UNESCO) |

UNESCO Approves Establishment of International Centre of Excellence in Engineering Innovation, Manufacturing and Technology Transfer in Ghana under its auspices

The centre will now extend its role by providing cutting-edge engineering services not only within Ghana but across the entire subregion

On 22 November, UNESCO’s 193 Member States approved the establishment of a Centre of Excellence in Engineering Innovation, Manufacturing and Technology Transfer in Ghana, during UNESCO’s 41st General Conference in Paris, France. The centre’s name reflects both its new international role and its reputation for excellence in training and in…

Embassy of Morocco in South Africa
Source: Embassy of Morocco in South Africa |

Morocco Becomes Africa’s new Automotive Manufacturing Hub

Morocco’s Automotive industry is growing exponentially each year with car sales exceeding 160,000 units in 2021

Morocco is currently Africa’s first passenger car manufacturer. Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion (MAD 65.1 billion) exports made in the car industry at the end of 2018. Morocco’s Automotive industry is growing exponentially each year with car sales exceeding 160,000 units in…

Automechanika Dubai

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Source: Automechanika Dubai |

Egyptian automotive aftermarket enters the fast lane

Growth driven by population spike, vehicle sales, strong economy and foreign investment

Egypt’s automotive aftermarket is accelerating and has been dubbed “one of Africa’s most exciting markets” as its motoring population and vehicle sales grow, its economy expands, FDI floods in, and the government moves to combat automotive emissions. It’s a powerful combination which Germany’s Africa business experts africon GmbH, the knowledge…

Payment24
Source: Payment24 |

Paving the way for EVs: how greener cars will change road trips and infrastructure

Payment24 CEOs Shadab Rahil and Nolan Daniel note that the logistics of running EVs will mean that people will plan their trips around where they can charge their vehicles

Adoption of electric vehicles (EVs) is set to pick up in South Africa in years to come, driving changes to filling stations, road trips and how people pay to power their vehicles. This is according to Payment24, specialists in fuel and fleet management systems, who say EVs have been slow…

Embassy of Morocco in South Africa
Source: Embassy of Morocco in South Africa |

Morocco gets its first electric car Charging Stations by Tesla Motors a first in Africa

Africa’s first supercharger stations were spotted in Tangier, near the main highway that connects Morocco’s major cities on the Atlantic coast

Electric car manufacturer Tesla has installed its first charging stations in Morocco, the first in Africa. The two installations comprise the first charging stations in Africa, where Tesla’s emergence has been slow, despite founder Elon Musk being South African by birth. Innovative electric car manufacturer Tesla is making its way…

Automechanika Dubai

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    • Mahmut Gazi Bilikozen - Show Director, Automechanika Dubai
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Source: Automechanika Dubai |

New report signposts opportunity in Africa’s diverse aftermarket parts business

Automechanicka Dubai to become continent’s aftermarket superhighway with the emirate tipped as second most important parts supplier to Kenya

A new report commissioned by Messe Frankfurt Middle East, organiser of Automechanicka Dubai (www.AutomechanikaDubai.com) – the largest international trade show for the Middle East and Africa’s (MEA) automotive aftermarket and service industry – signposts huge aftermarket potential in the African continent. Produced by German consultants Africon GmbH, which supports international…

United Nations Environment Programme (UNEP)
Source: United Nations Environment Programme (UNEP) |

Era of Leaded Petrol Over, Eliminating a Major Threat to Human and Planetary Health

This development follows an almost two decades long campaign by the UNEP-led global Partnership for Clean Fuels and Vehicles (PCFV)

Official end of use of leaded petrol will prevent more than 1.2 million premature deaths and save USD 2.45 trillion a year; the end of leaded petrol follows a 19-year campaign led by the UN Environment Programme (UNEP) and partners; UNEP urges countries to work towards zero emissions vehicles to…

Payment24
Source: Payment24 |

Payment24 introduces ‘vehicle biometrics’ to fast track refuelling

‘Pay by car’, not by card - the latest innovation from Payment24

Fuel management and payment solutions specialists Payment24 (www.Payment24.co.za) have launched a new module in their comprehensive solutions suite, bringing contactless, cardless and secure fuel payments to market. Payment24’s latest innovation, FastLane, is described as ‘biometrics for the vehicle’ which instantly identifies any vehicle enrolled in the system as it drives…

BSMO Co., Ltd.
Source: BSMO Co., Ltd. |

SBI Motor Japan officially establishes its very first office in Dar es Salaam, Tanzania and begins taking applications for new partnerships in the East African region

SBI Africa, in alliance with BSMO, has been focusing on used car exports as its core business in the African region

BSMO Co., Ltd. (https://BSMO-net.com/en/company/) and SBI Africa Co., Ltd. (https://SBIMotor.com/) have established the SBI Motor Tanzania office in Dar es Salaam, the very first official SBI Motor office in Africa. The group will be working in partnership with Afritel Systems LTD, which handles customs clearance and land transportation arrangements locally…