NEXUS: Recap of ‘The One Africa Business Summit’

NEXUS: Recap of ‘The One Africa Business Summit’

The event delivered valuable insights and discussions on the African automotive aftermarket.

“The One Africa Business Summit” organized by IAMaga in Cairo, June 14-15, 2023, was deemed a success with several positive outcomes, according to NEXUS.

The event, attended by more than 110 members of the N! community, delivered valuable insights and discussions on the African automotive aftermarket tailored to the specific needs and demands of the African aftermarket. The workshops focused on crucial topics such as anti-counterfeit measures, digitization, sustainability and developing aftermarket talent in Africa, according to NEXUS.

Keynote speakers and industry leaders included those from NEXUS Automotive International, Bosch, TecAlliance, Afrik21, Automotive Academy, REP-R International, Cypheme and IAMaga.

With among the lowest motorization rates in the world (42 cars per 1,000 people in some cases), and the expectation that used ICE-powered vehicle imports will grow, Africa will develop as a growth market for traditional parts, NEXUS says. To accomplish this, IAMaga will not only deliver the regular NEXUS services, but also offer unique activities tailored specifically to meet the needs of African members. Through its dedicated efforts, IAMaga says it aims to lead and inspire business development across the continent.

“Time has come to support our African community and develop a dedicated strategy for the African market specificities! It is also a great opportunity for N! to be inspired by this continent of innovation and to create new business opportunities” said Gaël Escribe, CEO of NEXUS Automotive International. 

NEXUS noted key outcomes of the Summit included a commitment to:

• Effective lobbying of African governments across a wide range of pertinent topics (trade barriers, fake goods, human capital development, access to foreign exchange, etc.)

• African Vehicle Parc Data projects will be developed and deployed (members will work together to improve the quality of data)

• Commercialize Authenticate by IAMaga CONNECT (powered by Cypheme)

• A battery recycling POC project will launch in Mauritius with one of the NEXUS members

• An Africa Talent Day will take place early in 2024, focusing on the upliftment of human capital on the continent.

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