Bybit Launches Revamped Grid Trading Bot to Expand Growing Range of Trading Products

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VICTORIA, SEYCHELLES – Media OutReach – 16 September 2022 – Bybit, one of the world’s fastest growing cryptocurrency exchanges, has announced the launch of two new grid trading bots. Building on the success of the original trading bot, which has seen a total trading volume of over $120,000,000 and counting.

After this milestone, Bybit’s new bots will allow users to take their trading to the next level with an updated spot trading bot, and an advanced dollar-cost average (DCA) bot. The new functionalities will be available to all users on Sept. 16.

Bybit’s new Spot Grid Bot executes low purchase orders and high sell orders during lateral price movement. The system ensures profitability each time the sale price exceeds the purchase price, thus eliminating the need for market forecasting.

The upgraded Spot Grid Bot features artificial intelligence (AI) that sets parameters in order to maximize capital efficiency. The bot also has free-to-follow strategies with high APY and arbitrage performance, and responsive customizable strategies that allow users to design tactics and take advantage of market trends.

Furthermore, Bybit has added “Arbitrage Ranking” to the Trading Bot Leaderboard so users can easily identify and learn from the most effective trading strategies.

The state-of-the-art DCA Bot offers users the option to automate their purchases of crypto assets by selecting the amount and interval of their investments. This strategy, known as DCA-ing, is a well-known and time-tested way to effectively balance risk and return in a volatile market.

The minimum trading amount is $1 for DCA bot, and $3 for the grid bot.

For both bots, once a user has set up their trading parameters and are earning a good return, they can share their strategy with fellow traders with the click of a button. And users who engage either one of the new bots will enjoy zero trading fees for a limited period as Bybit celebrates the 10 million users milestone with the “Perfect 10 Party” campaign.

Building on Bybit’s VIP program, which provides regular users reduced trading fees as well as discounts, VIP users can enjoy the same trading discounts using the new bots. Those on track to becoming VIPs can more quickly advance their level thanks to the bot’s higher trading frequency.

Bybit is the most reliable, stable, and usable cryptocurrency exchange in recent years, offering the best liquidity and smallest spread. Unique among major exchanges, Bybit has maintained a track record of 99.99% up rate, with no overload nor downtime with its robust 100K TPS matching engine.

“Our original trading bot has only been live for a few months and is already incredibly popular,” said Ben Zhou, co-founder and CEO of Bybit. “Our clients especially loved the bot’s copy trading function, which allows them to copy successful bots created by other users. Grid trading bots have proven themselves as a profitable trading methodology for their users, especially in a market as fluid as crypto that trades 24/7. At Bybit, we are always on the lookout for products and services that can help our users achieve their financial goals, whatever the overall market conditions.”

Finally, those who are new to Crypto Trading Bots or keen to learn about all things crypto can discover a new world of finance via Bybit Learn and join our dedicated trading bot group via Discord.

Hashtag: #Bybit

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

For updates, please follow Bybit’s social media platforms on









Bybit Launchpad 2.0 to List Fan Token of Brazilian Esports Team MIBR

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SÃO PAULO​​, BRAZIL – Media OutReach – 16 September 2022 – Bybit, the world’s third most visited crypto exchanges, unveils another listing on Bybit Launchpad 2.0. MIBR, the fan token of decorated esports team Made in Brazil (MIBR), goes live today on the Bybit platform.

MIBR is the official fan token of the MIBR esports team powered by Chiliz, the world-leading blockchain and fintech provider for the sports and entertainment industry, as well as the creator of fan tokens. A leading esports brand in Brazil, MIBR is represented in all major world esports competitions and currently holds six teams: CS:GO Male and Female; Valorant Male and Female; Rainbow Six Siege and Free Fire.

The MIBR fan token empowers the iconic esports team’s global fanbase with exclusive rewards, activations, and access. Holders will also have the opportunity to have their voices heard on important fan-related decisions. It is an effective blockchain innovation to create web3-enabled social communities and bring organizations closer to their supporters. Folders can access all of the exclusive rewards available to them via Socios.com, the fan engagement and reward app created by Chiliz.

Bybit Launchpad 2.0 is a freshly revamped platform connecting users to some of the most sought-after tokens in the space. Bybit users can commit BitDAO (BIT) to subscribe to token allocations, or participate in Launchpad 2.0’s new lottery model where users stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens. The best performing tokens from previous listings are also available for purchase on the Launchpad.

Additionally, from Sept. 16 to Sept. 26, 2022, new Bybit VIPs can unlock exclusive access to a 2,000 MIBR prize pool, while traders who also buy a WSOT NFT will get to share a bonus pool of 1,000 MIBR.

It is currently free to trade on Bybit as the fast growing exchange celebrates its 10 million user milestone with a zero fee campaign.

Bybit and MIBR first met at the intersection of esports and the digital asset class in May 2022 when they announced a 3-year sponsorship deal. Both trusted by digital-first communities, the partners also share the vision of championing women in gaming and tech globally.

Hashtag: #Bybit

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

For updates, please follow Bybit’s social media platforms on








IGI Inex Holding (UK) becomes strategic investor in quantumrock, cementing partnership between leading global investment group and AI asset tech frontrunners

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IGI Inex will obtain a relevant share position based on quantumrock’s valuation of €30 million with the right to extend its share position over time

MUNICH, GERMANY – EQS Newswire – 16 September 2022 – London-based privately-owned global investment company, IGI Inex Holding, today announces it has become a strategic investor in artificial intelligence (AI) and machine learning (ML) leaders, Munich-based AI asset and portfolio management company, quantumrock. As a strategic equity investment partner, IGI received a relevant share position based on the company’s valuation of €30 million with the right to extend its share position to majority over time also secured. The combination of the parties’ assets and competencies creates a unique opportunity for the two companies to enable a compelling new investment product category, facilitating an attractive proposition to many institutional market investors.

“Loss protection and downside protection for investment products backing are the big asks from large institutional investors these days. We’re very excited to be able to marry our already compelling AI-enhanced products like Absolute Return, Treasury Alpha, Single Stock Selection Alpha with an asset-backed loss protection feature and deliver a real answer to that market demand.” –Stefan Tittel, CEO of quantumrock

IGI Inex is a global leader in precious stone investment and its associated global mining activities, holding several subsidiary companies such as IGI Inex Real Estate, IGI Inex Trading, SouthCapital, and IGI Inex Global Investments in addition to shareholdings such as Seabury Capital. As a security provider for structured products due to its extensive holdings in gemstones, commodities, copper, and more, IGI Inex is looking for a complementary, intelligent monetization of its extensive precious stone holdings through innovative asset backing services for structured products which makes this latest move by the group to become a strategic investor in quantumrock an ideal fit; quantumrock is able to develop individualized products for institutional clients as well as package predominant investment themes into unique products with minimal time to market and at scale.

“Joining quantumrock as a strategic equity partner is an ideal fit for IGI Inex as we seek to intelligently monetize our precious stone holdings. As global leaders in AI and ML asset management technology, quantumrock can not only support this vision but together we can facilitate a compelling new investment product category. ” – Werner Schmidt, CEO of IGI Inex.

Going forward, the partnership will see quantumrock leverage its production origination power to create a wide range of innovative investment products investable for a large client base that are asset-backed by the IGI Inex’s precious stones holdings, for example, factor investing stock selection products equipped with loss protection or guaranteed return. An additional value-add for investors is the commodity ABS investment product range which quantumrock will bring to market, which, in times of uncertainty around inflation will provide additional support alongside the group’s established Alpha-seeking trading strategies. Finally, with IGI acting as asset backing provider, quantumrock’s reputation as the global go-to brand for innovative, AI-generated, asset-backed investment products is further cemented.

Hashtag: #QuantumrockGmbH

About IGI Inex Holding (UK):

IGI Inex Holding (UK) is a privately-owned global investment company based in London, founded by Werner Schmidt, a São Paulo-based entrepreneur and German native. IGI Inex is a holding company established with the purpose of overseeing the operations, governance, and compliance of several businesses in mining, manufacturing, gemstones, real estate, and finance.

About Quantumrock GmbH:

Quantumrock is an AI asset tech company differentiating through an innovative AI/ML platform which is employed to rapidly analyze large amounts of market data to identify patterns and opportunities for Alpha generation, packaged for clients in Alpha-generating strategies that improve their funds or portfolios, so-called Alpha Add-Ons. The company is headquartered in Munich, Germany, and consists of around 30 deep tech engineers, finance/capital market experts and international former top executives from the banking and technology sector as employees and advisors.

China Broadband Communications (CBC) rebrands as CBC Tech

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SINGAPORE – Media OutReach – 16 September 2022 – China Broadband Communications (CBC) has announced its rebrand as CBC Tech. This is a significant milestone of the company since it was founded in 2008. CBC Tech reflects the company’s vision to be the next-gen Network as a Service provider to enable our multinational enterprise customers in China and our Chinese enterprise customers to go international.

With the new brand CBC Tech, the company is set to accelerate the transformation from a network service provider to a Network as a Service (NaaS) provider to enable cloud-native network and security as a service for enterprises to deliver the best application performance with excellent customer experience.

“Rebranding CBC into CBC Tech aims to revitalize our vision, mission, and company culture enabling us to execute our innovation roadmap to converge telecom and tech.” said Richard Fung, Co-Founder and CEO of CBC Tech. “We are committed to the transformation through the investments in our people, technology and process.”

With the converge of telecom and tech, CBC Tech is strengthening its R&D capabilities to enhance our eNet fabrics to meet the changing networking and security requirements of our customers, and provide them with the digital experience.

“CBC Tech is committed to growth and delivering the best employee and customer experience. We target to grow our eNet coverage to reach fifty (50) markets outside of China in the next 12-18 months.” Fung said.

For more information about CBC Tech, visit the website at www.cbctech.com

Hashtag: #CBCTech

ABOUT CBC Tech

Established in 2008, CBC Tech is the next-gen Network-as-a-Service (NaaS) provider with our own patented SD-WAN fabrics across twenty-five (25) markets in China and internationally. CBC Tech enables cloud-native network and security for enterprises over our SD-WAN fabrics, integrated with our congestion-free IP and networks, mobile access, network appliance, multi-cloud connects and cloud-based security to deliver the best application performance with excellent customer experience. CBC Tech has offices in Beijing (HQ), Shanghai, Suzhou, Guangzhou, Shenzhen, Hong Kong and Singapore (International HQ).

Learn About Blood Cancers This Lymphoma Awareness Month

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Learn About Blood Cancers This Lymphoma Awareness Month

Lymphoma is a blood cancer that targets the lymphatic system, the body’s disease-fighting network. World Lymphoma Awareness Day (WLAD) is observed annually on 15 September.

 

It was initiated in 2004 by the Lymphoma Coalition  and its patient group members. WLAD is an important calendar date for building awareness, galvanising support and raising funds to combat the threat of lymphomas.

The robust, “We Can’t Wait”, is 2022’s WLAD slogan, emphasising the urgent need to improve the ways lymphomas are diagnosed, treated and tracked. This year will also unpack the myriad of ways that the Covid-19 pandemic affected people living with lymphomas. “This includes delayed access to treatment and care, hesitancy in seeking medical care, delays in diagnosis and an increased mental health burden on people living with lymphoma and caregivers”, explains Dr Kgothatso Motumi, head of market access and public policy at Roche Pharma South Africa

Lymphoma is the most common blood cancer

According to the published article by EA Rogena 2011 on the trends of lymphomas in the equatorial belt of Africa, states that, “lymphomas represent one of the most frequent cancer types in Africa and approximately 30,000 non-Hodgkin lymphomas occur in that region each year and these tumours are in among the top-ten cancers in this geographical region”.

The 2019 National Cancer Registry (NCR) report, which is the most recently published official statistics, lists NHL as the fourth most reported invasive cancer afflicting South Africans, highlighting the seriousness of this disease. Hodgkin’s lymphoma (HL), previously called Hodgkin’s disease, and Non-Hodgkin’s Lymphoma (NHL) are two of the major categories under which lymphomas fall into.

There are more than 60 NHL subtypes, although some are quite rare. Ongoing research is providing a deeper understanding of the different types of lymphomas, however, knowledge gaps remain. Improved tracking and monitoring of subtypes will uncover more insights on disease prevalence and outcomes to further improve patient care.

“Roche will continue to address unmet medical needs through excellence in science and developing medicines and diagnostics that will help patients live longer and better lives. Having the opportunity to hear directly from those affected by lymphoma helps to remind us at Roche to continuously prioritise the individual, and reinforces the importance of holistic care,” adds Dr Motumi.

Signs and symptoms of lymphoma

Early detection of cancer is one of the most decisive factors that contribute to increasing the chances of successful treatment. Early diagnosis and screening are the two components of early cancer detection. What compounds the threat of lymphomas is that there are currently no screening tests for the disease.

“Another challenge is that because lymphoma symptoms are also associated with common illnesses like influenza or viral infections, patients tend to overlook their symptoms and many delay consulting a medical professional11. Individuals experiencing any of these symptoms persistently should seek medical attention,” urges Dr Motumi.

Common signs and symptoms include:

  • Swelling of lymph nodes, often painless
  • Chills or temperature swings
  • Recurrent fever
  • Excessive sweating, often at night
  • Unexplained weight loss
  • Loss of appetite
  • Persistent tiredness and lack of energy
  • Breathlessness and coughing
  • Persistent itch all over the body without an apparent cause or rash
  • General fatigue
  • Enlarged tonsils
  • Headache

“It is not only critical to increase awareness of the disease but to highlight the needs of the lymphoma community to ensure the best treatment and outcomes for patients and continued progress through research.

“We greatly value collaborations with patient groups, who generously offer their experience, expertise and perspective as we work together to improve patient’s lives in communities in dire need of cancer health services across Africa,” concludes Dr Motumi.

mPharma Acquires Majority Stake In HealthPlus

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mPharma Acquires Majority Stake In HealthPlus

 mPharma , Africa’s leading patient-centered technology-driven healthcare company, has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria. mPharma and the former investor, Alta Semper, have signed an agreement leading to the acquisition of a majority stake in the HealthPlus Group.

 

According to the Chief Executive Officer and Co-founder of mPharma, Gregory Rockson, the acquisition is in line with the company’s mission to build an Africa that is in good health by delivering life-changing healthcare services and drugs to improve health outcomes for patients. He stated that the acquisition of the HealthPlus Pharmacy chain by mPharma complements mPharma’s deep commitment to increasing patient access to affordable and quality healthcare in Nigeria.

 

“mPharma is deepening its long-standing commitment to Africa by reimagining primary healthcare in some of the most vulnerable communities on the continent. We continue to transform community pharmacies into primary care centers to provide affordable and accessible healthcare to all patients so they can live not just longer but healthier lives. We are optimistic about the future of healthcare for Nigerians through the acquisition of HealthPlus.”, said Rockson.

 

In her remarks on the acquisition, Afsane Jetha, Co-founder and CEO at Alta Semper Capital, said: “We are delighted about HealthPlus’ partnership with mPharma. We have a strong conviction in mPharma’s strategy of revolutionizing primary care across Africa and believe mPharma is the ideal steward for HealthPlus’s next chapter of growth. We believe mPharma’s vision is consistent with that of HealthPlus’s shareholders and employees, and we are enthusiastic to support the business through a relationship with mPharma going forward”.

 

While mPharma plans to continue to keep and strengthen HealthPlus as Nigeria’s leading pharmacy brand in Nigeria, the acquisition will also provide expansion opportunities for mPharma within Nigeria and a platform to expand mPharma’s mutti pharmacy retail footprint across the continent through its fast-growing QualityRx program. Powered by mPharma’s proprietary Bloom software, HealthPlus will provide patients access to affordable primary care services within its pharmacies, in addition to affordable and quality medications it currently retails across 12 states in Nigeria. The HealthPlus pharmacy chain will also launch mutti®, mPharma’s health membership program, which will provide both existing and new customers with discounts, interest-free “heal-now-pay-later” plans, free health screenings, and other primary care services.

 

By combining HealthPlus pharmacies with mPharma’s growing portfolio of partner mutti pharmacies and GoodHealth shops (PPMVs),mPharma’s network will grow from 224 to over 320 health facilities in Nigeria and will provide care to more than 100,000 Nigerians each month.

Hang Lung Chair Ronnie C. Chan Personally Shares his Experience Restoring the Garden of the Palace of Established Happiness with his Colleagues Embodying Hang Lung’s Core Value of “Sustainability” through Heritage Conservation

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HONG KONG SAR – Media OutReach – 16 September 2022 – Hang Lung Properties (SEHK stock code: 00101) (the “Company” or “Hang Lung”) recently hosted an employee sharing session with the theme, “The Palace of Established Happiness – Restoring a Garden in the Forbidden City”, in which the Chair of Hang Lung Properties, Mr. Ronnie C. Chan, shared his personal story and experience of restoring the Garden of the Palace of Established Happiness with nearly a hundred employees and their families and friends, in an effort to promote the importance of heritage conservation and its role in sustainable development.

Mr. Ronnie C. Chan, Chair of Hang Lung Properties (right), and Ms. Happy Harun, General Manager – Special Projects, Chair’s Office (left), share their personal stories and experiences of restoring the Garden of the Palace of Established Happiness

As Ronnie said, “The destruction of a nation’s cultural heritage reflects the country’s decline and turmoil, but its restoration is a sure sign of the country’s rise and prosperity. The importance of cultural heritage sites and historic buildings lies in the fact that they witnessed our historical, cultural and social journey from the past to the present. I am deeply honored to be able to participate in the reconstruction of the Garden of the Palace of Established Happiness and the Hall of Rectitude, and I am proud that we have helped to bring modern management into the Forbidden City. Through this sharing session, I hope our colleagues can develop a deeper understanding of the Company’s philosophy toward the restoration and conservation of cultural artifacts. We encourage our colleagues to continue implementing the core values of “sustainability” and “excellence” in their work, while we also hope to stimulate their interest in exploring Chinese history and to propagate traditional Chinese culture.”

www.hanglung.com.

Afro Nation Ghana Announces Huge Line Up For December 29th-30th 2022

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Afro Nation Ghana Announces Huge Line Up For December 29th-30th 2022

The world’s biggest Afrobeats festival announces a huge line up today for the grand return to its West African spiritual home. Ready to turn the end of the year into an unforgettable party, Afro Nation Ghana 2022 is set to follow up the 2019 landmark African debut in style.

Sign up for priority access tickets at https://AfroNationGhana.com/sign-up/

Taking place at Accra’s Marine Drive, Black Star Square on December 29th & 30th 2022, and founded to unite the diaspora in celebration of Black Joy, Afro Nation Ghana is back for a celebratory trip of Black culture, vibing music, dance, good food, and so much more.

In fitting fashion, today’s biggest global stars are now announced to headline the show. Needing no introduction, Nigerian party king Davido is joined by legendary sibling duo P-Square bringing their high energy R&B, hip-hop and dance oriented sound as well as a very special guest: Ghana’s own Afropop, dancehall and reggae super star talent Stonebwoy, all more than ready to take the Afro Nation vibes to another level.

From South Africa’s exploding underground sounds with the likes of leading Amapiano artists Major League DJz, Uncle Waffles, Kamo Mphela and DJ Maphorisa and Kabza De Small’s collaborative project Scorpion Kings, to Nigerian Afro-Wave warrior Rema, Afro Nation Ghana also announces the most important new names in Afrobeats today. Within that the line up draws from a broad range of modern African music styles, including France’s biggest Afro RnB Superstar Dadju, the highlife inspired Adekunle Gold and the emo afrobeat style of fast rising CKay. Then representing a wealth of Ghana’s future breakout artists, so many exciting new names like Kuami Eugene, KiDi, Gyakie and Camidoh will feature at the festival this year.

With more of a mission than most regular festivals, the Afro Nation brand is the birth of super-sized global gathering, uniting thousands of music lovers around the world in a bid to further the Afrobeats movement and build a lasting platform for the artists and creatives at its core. It was recently revealed that the giant new main stage used at Afro Nation Portugal will be transported to Ghana, with a training programme in place for local teams to run this world-beating production on a scale not seen before in the region.

The festival’s new city central location is on a site of cultural and historical significance, right at the heart of the capital and mere moments from the stunning coast. Afro Nation Ghana welcomes thousands from the global diaspora travelling home to party and be together with friends and family during the turn of the new year in West Africa’s most exciting cultural hub. Around the festival’s core programming, a number of unmissable parties are planned around the city and available to Golden and VIP ticket holders, starting on 28th Dec with the Piano People Welcome Party and ending with a NYE special on 31st Dec.

Here to witness the hottest names this December, spanning the very best in the African and international Afrobeats, Amapiano, and Dancehall scene, Afro Nation Ghana looks to foster even stronger ties with the continent around the world, re-connecting, educating, and creating, whilst putting on a festival never seen before on this scale.

Afro Nation Ghana takes place 29th & 30th December 2022 at Marine Drive, Black Star Square, Accra.

Today’s line up announcement:

DAVIDO • P-SQUARE

VERY SPECIAL GUEST

STONEBWOY

REMA • DADJU • ADEKUNLE GOLD • CKAY •

BLACK SHERIF • KUAMI EUGENE • KIDI

KAMO MPHELA • GYAKIE • CAMIDOH

DJS

MAJOR LEAGUE DJZ • SCORPION KINGS • UNCLE WAFFLES

Xiaomi’s Partner and President, Wang Xiang, was selected as “Outstanding People” in the “2022 Forbes China – Global 100 Outstanding Chinese”

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SINGAPORE – Media OutReach – 16 September 2022 – A few days ago, Wang Xiang, Partner and President of Xiaomi Group, was selected as one of the “Outstanding People” in the “2022 Forbes China – Global 100 Outstanding Chinese” awards. Forbes China noted that after Wang Xiang joined Xiaomi, he led the consumer electronic and smart manufacturing companies’ rapid global expansion efforts, in which it entered over 100 markets under his outstanding leadership. Meanwhile, he continuously improved Xiaomi’s global intellectual property (IP) strategy and compliance system, cleared IP obstacles, and facilitated globalization.

Forbes China launched the “Global 100 Outstanding Chinese” list in 2022, focusing on overseas young talent and entrepreneurs, selecting 100 outstanding global Chinese representatives from two major fields: business and culture in various regions, including the Americas, Europe, Asia, and Oceania. The Forbes list has three major categories: Business Leader, Outstanding People, and Potential Elite. Wang Xiang was one of 17 people to receive the title of “Outstanding”, all of whom are distinguished talents of global influence, and some representing companies with a market value of over 100 billion RMB.

Hashtag: #Xiaomi

The issuer is solely responsible for the content of this announcement.

About Xiaomi Corporation

Xiaomi Corporation (“Xiaomi”) was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.

Embracing our vision of “Make friends with users and be the coolest company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

Xiaomi is one of the world’s leading smartphone companies. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, with more than 478 million smart devices connected to its platform (excluding smartphones, laptops and tablets) as of March 31, 2022. Xiaomi products are available in more than 100 countries and regions around the world. In August 2022, Xiaomi was included in the Fortune Global 500 list for the fourth year in a row, ranking 266th.

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.

For more information about Xiaomi as a company, please visit

Stellantis Invests In Africar Group To Ceate Auto24

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Stellantis Invests In Africar Group To Ceate Auto24

Africar Group and Stellantis announce the launch of Auto24 activities in Abidjan, Ivory Coast. Auto24 is a direct to consumer used car company that brings new, innovative solutions ensuring transactions are conducted in a transparent and secure way.

 

 

With the African population set to reach 1.7 billion by 2030 and a carpark already at 50 million units1 , Stellantis has taken a stake in Africar Group to create Auto24 and take advantage of this market potential. This investment is a new building block in the global strategy of Stellantis to develop its mobility solution portfolio and reinforce its commitment to customer centricity.

 

 

 

It is also an illustration of the plan Dare Forward 2030, in one of the seven accretive businesses targeted by Stellantis. Operating in more than 40 countries in Sub-Saharan Africa, Africar Group is Africa’s leading online automotive marketplace network. During the last five years, it has enabled over 25 million car buyers and sellers to trade used cars through its online channels.

 

Axel PEYRIERE, co-Founder & CEO of Africar Group said, “After more than five years of working with automotive manufacturers, distributors and other key players in the industry, we have developed a class leading, multi country digital
automotive solution across Sub-Saharan Africa. Auto24 is being launched today with the aim to buttress the confidence of African customers in the used vehicle market. A great challenge that will allow to have a secure, convenient, trustworthy and enjoyable buying or selling used vehicle experience.” Xavier Duchemin, Senior Vice President of the Pre-Owned Vehicles business unit at Stellantis declares:

 

“This investment in Africar Group to create Auto24, re-enforces our strategy to grow our used vehicle
business activity globally in a bold, pragmatic and agile way. It will follow the same blueprint as per the other Stellantis investments in the used vehicle ecosystem. The founders will accelerate the development of their activities while capitalizing on Stellantis yet maintaining the inventiveness, energy and agility that characterizes start-up
companies.”.

 

In Middle East and Africa, Stellantis is the third OEM aiming to become the leading automotive group in the region with over 1 million new
vehicles sold per year by 2030.

 

“In Sub-Saharan Africa, Stellantis offers the largest network coverage of
the automotive industry with close to 124 points of sales and maintenance. Today, the partnership with Africar Group through its subsidiary Auto24 will allow us to expand our offer of mobility solutions  that widely meets the customer needs in Africa.” said Mr. Samir
CHERFAN, Stellantis Middle East & Africa Chief Operating Officer.

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