Automotive dealer Motus acquires stake in tech firm Synapt Proprietary to fast-track online vehicle sales

SOUTH AFRICA – MOTUS Holdings, a diversified (non-manufacturing) business in the automotive sector, has acquired a 49 percent shareholding in tech firm Synapt Proprietary, which in turn owns 100 percent of GetWorth, a technology and pre-owned vehicle business that uses its own patented technology. Getworth’s technology and products are used to assist customers “to buy right and sell smart,” a statement from Motus said. However, he value of the acquisition was not disclosed. GetWorth uses Artificial Intelligence and smart products to drive customer offerings and these, coupled with a professional…

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Isuzu East Africa makes a comeback to the Tanzania’s market after a three-year break

TANZANIA – Isuzu East Africa has announced its return to the Tanzanian market after three years of absence in an aim of expanding its footprint in the region, reports The Citizen. The global automotive firm also appointed a subsidiary of the Egyptian firm Al Mansour Auto EA (Tanzania) Ltd – a globally renowned company – as its authorised distributor in the region. “The investment in this market comes at a time when most companies are deferring investments due to the uncertain economic times. This move is proof of the confidence…

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