• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

These 4 countries are the biggest car manufacturers in Sub-Saharan Africa

3 years ago
in Business, Editor's pick, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
Automotive industry - norvanreports

Automotive industry - norvanreports

120
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

These 4 countries are the biggest car manufacturers in Sub-Saharan Africa

Per a recent report by Fitch Solutions, Sub-Saharan Africa is the least attractive region globally in the Autos Production Risk/Reward Index (RRI), with a score of 38.4 out of a possible 100.

The region it says, continues to significantly underperform the global average of 50.0, which highlights the limited rewards and extensive risks present in the region.

The report also identified two favourable fundamentals that present an opportunity for Sub-Saharan Africa to grow its autos industry and become a strong manufacturer in the long run.

The fundamentals are: low labour cost and supportive automotive policies by governments in the region.

Below are the key features of SSA’s autos industry, according to the latest update by Fitch

  • The region retains its position as the least attractive region globally in our Autos Production Risk/Reward Index (RRI), with a score of 38.4 out of a possible 100.
  • The SSA region underperforms under both the Risks (28.8) and Rewards (47.7) pillars of our RRI. This indicates that the region’s extensive risks present automakers and component manufacturers alike with a tough operating environment.
  • The SSA region outperforms the global average score of 50.0 under our ‘vehicle production growth’ indicator with a score of 80.4, indicating favourable prospects for growth going forward.
  • On the Risk side, the SSA region scores below the global average under the logistics risk and operational risk index categories, scoring 20.1 and 14.7 respectively, which is well below the global averages of 50.0.

Sub-Saharan Africa’s leading vehicle producers

RelatedPosts

The 10 Fastest-Growing Trading Nations in Africa

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

In the meantime, four countries are leading SSA’s vehicles production growth. These countries are:

  • South Africa: This country currently has the most developed autos industry in Sub-Saharan Africa and remains the most attractive market. The country has a more diversified set of vehicle manufacturers, as well as a larger number of automotive component makers. Other factors such as the country’s positive autos policies and a favourable competitive landscape have contributed to South Africa’s growing autos industry.
  • Nigeria: Coming in second place is Nigeria, Africa’s largest economy by GDP. According to Fitch Solutions, “Nigeria’s large driving-age population remains a key appeal for further investment into the country”.
  • Kenya: Growth in Kenya’s autos industry is being driven by the country’s conduive autos industry policy and a combination of low-cost and abundant labour.
  • Ethiopia: The Horn of Africa country made it to the last position on this list. Unfortunately, the ongoing war in the country is hampering the potentials of Ethiopia’s autos industry, Fitch Solutions said.

Tags: Autos Production Risk/Reward Index (RRI)COVID-19 pandemicFitch SolutionsSub-Saharan AfricaThese 4 countries are the biggest car manufacturers in Sub-Saharan Africa
No Result
View All Result

Highlights

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Djokovic and Gauff Gear Up for US Open with Strategic Focus

Trending

Business

The 10 Fastest-Growing Trading Nations in Africa

August 23, 2025

The 10 Fastest-Growing Trading Nations in Africa Against the backdrop of shifting dynamics in global trade, several...

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.