November  6th to 8th  2019,  Landmark Centre in Lagos, Nigeria  +44 (0) 2476 158100

Tag: African Economy

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WAAS Set For New Solution In Auto Care

Corporate, fleet, organisational and individual vehicle owners are in for a new deal as the momentum gathers and excitement builds ahead the maiden edition of the West Africa Automotive Show (WAAS), a new international trade exhibition, is set to bring the region’s automotive parts industry together under one roof in November.

For three days, an estimated 100 exhibitors from Nigeria and other countries will be gathering to network, forge new business ties and show off the latest developments and products in the spare parts and services sector. Suppliers, dealers and manufacturers will also be able to discuss best practices for the industry and find out more about the developing local motor manufacturing industry.

With free admission, more than 3,000 visitors are expected to attend WAAS which holds  from November 6 to 8, 2019 at the Landmark Centre on Victoria Island, Lagos.

There will be national pavilions for Morocco and China, smaller groupings from Thailand, Egypt, Tunisia and India, and a dozen more countries will also be represented. Nigerian businesses will be well represented which will account for about 30 percent of exhibitors.

WAAS is organised by BtoB Events, which has had two successful show launches in Lagos over the past year, Beauty West Africa and Food and Beverage West Africa.

According to Jamie Hill, managing director of  BtoB Events’ “We have a wealth of international exhibitors looking to bring high-tech equipment to Nigeria for the first time and a large number of local exhibitors are looking to expand their business and increase exports to surrounding countries  We are now looking forward to seeing the regional automotive sector come together under one roof as he launches WAAS”.

Having the largest population on the continent creates a huge market opportunity in Nigeria. BtoB has selected Lagos to launch the show as it recognises Nigeria is well placed to become the automotive hub of the African continent with over 11.5 million vehicles on the roads.

“With over 60% of vehicles on the road being over 12 years old, there is a huge aftermarket industry. The need for high quality and affordable spare parts is becoming increasingly important,” said Hill.

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Source: This Day, September 2019

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WAAS appoints Transport Day as Media Partner

The West Africa Auto Show (WAAS) has announced its delight in welcoming Transport Day as a media partner for the new event in the motor maintenance calendar.

WAAS takes place from November 6th-8th at the Landmark Centre in Lagos and is designed to showcase the range of vehicle parts and accessories needed to keep cars, trucks, buses, motorbikes and commercial vehicles on Nigeria and West Africa’s roads.

More than 120 exhibitors from across the world will be taking part with over 3,000 professionals from the automotive spare parts and accessories industry expected to visit the trade show. In addition to mechanics, retailers and distributors, the show will appeal to fleet maintenance and workshop managers.

Transport Day will be keeping you up to date with the news and views coming from WAAS, with insight into the latest innovations and best deals available at the show.

WAAS is organised by BtoB Events. Its managing director Jamie Hill said: “It’s great to have Transport Day on board as a media partner. WAAS is a fantastic new opportunity to bring together the automotive parts industry and the mechanics, dealers and suppliers who use and retail these key components.

“There will be thousands of products on display, many of which will be showcased for the first time. We are really pleased that Transport Day will be helping to promote this exciting new event as it will help keep the industry in Nigeria and West Africa up to date with new industry trends and techniques.”

Transport Day Editor, Frank Kintum, added that “partnering with WAAS will definitely facilitate free flow of information about the event and the auto after-market. This is an area with great potentials and opportunities for the local Nigeria and West Africa markets”.

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Source: Transport Day Newspaper, September 2019

 

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Can Japan Catch up in the Economic Scramble for Africa?

From used-car markets to giant infrastructure projects, Asia’s leading powers see more than a continent in need of aid.

Recently, China entered the market as an exporter of used cars overseas. The Chinese Ministry of Commerce revealed the populous African nation of Nigeria as one of the destinations for 300 cars in the first batch of freight. The vehicles included brands such as Land Rover, Toyota, Hyundai, Volkswagen, Trumpchi, King Long, Yutong, and Zhongtong, with a value of approximately US$2.5 million.

These latest moves are a feature of a new race for economic influence in Africa, in which Asia’s leading powers are playing a major part. The aim, in part, is to generate higher auto-parts and maintenance-service exports, more than merely finding a new home for once-cherished vehicles.

The first export of used cars sailed in July from Nansha Port, Guangzhou. The Nigeria-bound consignment will berth at the Lagos port. In Nigeria alone, used vehicle imports accounted for 80% of all vehicle sales in 2016, while on the other side of the continent in Kenya it was more than 96%.

Until now, China has not been involved in selling used cars abroad. It hopes to benefit from a booming global trade, which recorded an estimated sale of 39.3 million vehicles in 2017, up 1.8 per cent from 2016 sales, and far outstripping the 17.1 million figure recorded in 2017 for new vehicle sales, which had dipped slightly by 2% on the previous year.

According to statistics from the General Administration of Customs of China, from January to April, China’s overall exports to Africa totalled more than $33 billion, up 5.6% year-on-year. China’s imports from Africa were $32 billion, an increase of 1.1% year on year. 

But China is not alone in chasing market share in Africa. Japan has been exporting used cars to Africa for some years, and has grand plans of its own, demonstrated by the Tokyo International Conference on Africa Development (TICAD 7) held last month in Yokohama, with the aim of improving its trade relationship with African countries. The conference, now held on seven occasions, seeks to connect African and Japanese investors, rather than using foreign aid as the principal approach to African nations.

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Source; The Interpreter, September 2019

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