SBT Car News
Category : Import Policy

Full article:CFAO To Open Assembling Plant In Nigeria

CFAO To Open Assembling Plant In Nigeria

Due to the newly announced importation policy in Nigeria, the list of foreign companies has been growing to invest in Nigeria. In the latest news, the French automobile manufacturer CFAO Automotive Group has commenced its plan to initiate the production of an assembling plant in Nigeria. The CFAO Automotive Group has begin taking the necessary...

Full article:Vehicle Financing Scheme to Commence in Nigeria in 2014

Vehicle Financing Scheme to Commence in Nigeria in 2014

With the newly imposed import policy in Nigeria, offensive opposition has been experienced by the government at the hands of auto dealers and foreign automobile giants that regularly export assembled new and used vehicles to the Nigerian market. With the imposition on completely assembled vehicles entering the market, Nigerian Government has taken measures to strengthen...

Full article:SA’s Automotive Industry Enjoys $71 Million Boost

SA’s Automotive Industry Enjoys $71 Million Boost

Investment in the Automotive Industry South Africa’s aim to redeem itself as the largest and strongest economy in Africa took another step forward with the numerous firms investing over $71 million through setting up plants and expanding operations. The automotive industry solely accounts for 30% of South Africa’s manufacturing output. Such solid investment in this...

Full article:General Motors Concerned With Nigeria’s Automotive Policy

General Motors Concerned With Nigeria’s Automotive Policy

Nigeria’s new automotive policy has been a cause of major concern for certain automobile manufacturers in the world that were aiming to tap the potential Nigerian auto industry sector. The new policy aims to discourage imports of completely assembles vehicles in order to encourage local manufacturing that will strengthen the backbone of the country’s economy....

Full article:Zimbabwe to Introduce Revised Procurement Policy

Zimbabwe to Introduce Revised Procurement Policy

  In order to give Zimbabwe’s economy a much needed boost and in house exposure, the government has decided to introduce a new procurement policy. The policy states requires buyers to purchase 50 percent local goods mandatory. According to the president Robert Mugabe, the new policy is to be implemented in order to give local...

Full article:South Africa Shaken As Nigerian Economy Tops in Africa

South Africa Shaken As Nigerian Economy Tops in Africa

  The recent revelation of Nigeria taking the top most position as the strongest and largest economy of the African continent has left South Africa in a state of jitters. In order to regain its position, South Africa aims to make certain changes to its policy in order to facilitate growth in labor intensitive segments...

Full article:Nigeria To Face Increase In Vehicle Import Duty

Nigeria To Face Increase In Vehicle Import Duty

Nigeria presents itself as one of the in demand automobile markets the import policies of which comfortably allows not only dealers but individuals themselves to buy vehicles from international markets of affordable cost and high quality. The country can potentially face a gradual increase in vehicle import duty after the Federal Government review overruling the...