According to a UN report in 2021, by 2050, the African adult population may rise to 1.7 billion but the number of personal cars on the road is relatively low. According to the International Organization of Motor Vehicle Manufacturers (OICA), the number of cars on African roads was just 30.8 million in 2015 or around …
Car financing is a crucial component of the automotive industry in Africa. With a growing middle class and increased urbanization, more people are looking to buy cars to improve their mobility and quality of life. However, purchasing a vehicle can be expensive, and many people may need more financial resources to buy a car outright. …
Johan Van Der Merwe, CEO of Autochek Financial Services
“There was a great market opportunity to start KIFAL. The market is still growing even in a difficult economic context,” says KIFAL’s founder, Nizar Abdallaoui Maane. His company is all about boosting Morocco’s used-car market sustainably. To accelerate this market, KIFAL offers a range of services that includes mechanical expertise, vehicle quotations, administrative procedures, and …
