According to a report by 360Mo on May 16, global gross output of automobile reached 92.5 million vehicles in 2024, with Africa contributing only 1.18 million, accounting for a mere 1.27% of the gross output. In addition to low output, Africa's automobile manufacturing is highly concentrated, with South Africa and Morocco collectively producing 1.16 million vehicles, accounting for 98.4% of the gross output of the Continent. South Africa remains the leader in African automobile manufacturing, with an output of 632,285 vehicles and a market share of 50.9% in 2024 (54.1% in 2023). Morocco followed with an output of 559,645 vehicles, capturing a market share of 45.5%. In passenger vehicle production, Morocco further extended its leading superiority over South Africa in 2024, manufactured 524,467 vehicles compared to South Africa's 350,384. The overall capacity of South Africa's passenger vehicle manufacturers is limited. In the sector of passenger vehicles, South Africa is home to seven automakers (Ford, Nissan, BMW, Toyota, Mercedes-Benz, Isuzu and Volkswagen), while Morocco has only two. However, in 2024, South Africa's production was 174,083 passenger vehicles lower than Morocco’s, and Volkswagen led the South African local market with an output of 167,084 vehicles, while the outputs of other manufacturers were significantly lower. As Africa’s largest automotive market, South Africa recorded a sale of 515,850 new vehicle in 2024 and held 13.36 million vehicles in total. South ...
In 2024, the African Continent confirmed its position as a global growth engine. Despite global challenges like geopolitical tensions and rising protectionism, Africa's economy has demonstrated remarkable resilience. According to the latest African Development Bank data, Africa's economic growth in 2024 reached 3.7%, surpassing the global average of 3.2%, with a projection indicating an increase to 4.3% by 2025. East Africa is projected to become the fastest-growing region in Africa, with the real GDP growth rising from an estimated 1.5% in 2023 to 4.9% in 2024. Similarly, West Africa has demonstrated remarkable vitality, with a growth rate of 4.2% in 2024.
The 13th meeting of CATTF was recently held in Dar es Salaam, Tanzania, under the theme of "China-Africa Practices in Building a Community with a Shared Future for Mankind". Over 300 participants — including representatives of international organizations in Tanzania, diplomats, and government officials, think tank scholars and entrepreneurs from 50 Chinese and African countries — attended the conference online or offline. Participants focused on cooperation mechanisms, strategic initiatives and practical actions in industrialization, agricultural modernization and talent development, contributing insights to advance China-Africa friendly cooperation. "The FOCAC has fostered the booming of Africa-China relations" Currently, China and Africa are working together to accelerate the implementation of the "Nine Programs" of the FOCAC and advance the realization of the China-Africa Cooperation Vision 2035. The new session of the FOCAC will be held in China this autumn. As a key FOCAC sub-forum, the China-Africa Think Tanks Forum provides policy recommendations for bilateral development cooperation. Participants spoke highly of achievements made by China-Africa cooperation and expressed expectations for deeper collaboration between the two sides. Nelson Boniface, Executive President of the University of Dar es Salaam in Tanzania, stated that the CATTF serves as a vital platform for people-to-people exchanges between Africa and China. Topics such as industrialization, agricultural mod...