Afreximbank partners AAAM to finance regional automotive value chains

AFRICA – The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of Africa’s automotive industry. Under the terms of the MoU, Afreximbank and AAAM will work together to foster the emergence of regional value chains. It has a particular focus on value-added manufacturing created through partnerships between global Original Equipment Manufacturers (OEM), suppliers, and local partners. The two organisations plan to undertake comprehensive studies to map potential regional automotive value chains on the continent…

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