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By Frank Eleanya When President Bola Tinubu announced the removal of Nigeria’s decades-old fuel subsidy in May 2023, the shockwaves were immediate and severe. Overnight, petrol prices surged from ₦185 ($0.36) to above ₦500 ($0.96) per litre, later climbing past ₦600 ($1.15). As households and businesses struggled with the inflationary fallout, the policy shift also reshaped […]
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South Africa’s automotive sector is navigating a shifting global trade environment marked by rising competitive pressures, supply chain disruptions, and new policy shocks, including the 30% US tariff on South African imports (including exports of vehicles and parts). These developments threaten export competitiveness and highlight the sector’s vulnerability to market concentration. However, according to Luthando […]
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At the heart of Michelin’s values is a strong belief in diversity, equity, and inclusion. The company’s dream is to build a workplace where everyone feels seen, heard, and supported, regardless of their background or gender. This means creating real opportunities for people to grow, lead, and thrive. While change takes time, every step forward […]
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Transformative change is underway in the African automotive industry as trade begins under the African Continental Free Trade Area (AfCFTA). The continent’s auto industry, valued at $30.44 billion in 2021, is expected to grow to $42.06 billion by 2027 — a nearly 40% increase in value. According to a new report by the World Economic Forum, AfCFTA: A […]
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