Finance

SAIC Motor to build a car manufacturing plant in Tunisia

Wednesday, 05 September 2018 18:55

Yesterday September 4, 2018, the Chinese car manufacturer SAIC Motor and the Tunisian group Meninx Holding signed an agreement to set a plant in Tunisia for African and European markets.

This agreement was signed in Pekin during the Forum on China-Africa Cooperation (FOCAC) in the presence of Youssef Chahed, head of Tunisia’s government. According to the terms of this agreement, the group will be specialized in the manufacturing of the Morris Garage (MG) branded cars.

Under the leadership of Mehdi Tamarziste, Meninx Holding is already distributing MG cars in Tunisia.

With 6.6 million cars sold in 2017, SAIC is the leading car manufacturer in China. It owns 23% of the country’s market thanks to its brands Roewe and MG as well as joint ventures with Volkswagen and General Motors. In March 2018, it announced that it would set an assembly plant in Egypt.  

On the same topic
• CRRH-UEMOA to launch West Africa’s first mortgage securitization on July 22• Named “ZAKA,” it targets affordable housing, boosting liquidity for...
Somalia’s Central Bank mandates microfinance institutions to obtain licenses by December 6, 2025, under new financial regulations. The licensing...
Ora Technologies secures its largest funding to date, led by Azur Innovation Fund Total capital raised reaches $11.9 million since its launch...
• IMF extends Niger’s Extended Credit Facility (ECF) program by one year through December 2026.• IMF approves a $41 million disbursement tied to...
Most Read
01

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
02

• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...

WAEMU Sees Easing Conditions on Regional Interbank Market
03

Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...

Flutterwave Gains Senegal License, Eyes Growth in $1.5T African Payments Market
04

Backbone Infrastructure will build a $15 billion refinery in Nigeria's Ondo State, with a capac...

Nigeria’s Second Largest Refinery Planned with $15 Billion Investment
05

 President Paul Biya, 92, to seek eighth term in October 2025 election In power since 19...

Cameroon: Paul Biya Officially Enters Presidential Race for Eighth Term
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.