CFAO Automotive reactivates company in Madagascar
The automotive group will reactivate two projects on the island, where it has been the official distributor of Toyota since 2019.
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▪ CFAO Automotive reactivates company in Madagascar
▪ The automotive group will reactivate two projects on the island, where it has been the official distributor of Toyota since 2019.
▪ https://www.africabusinessplus.com/en/808929/cfao-automotive-reactivates-the-company-in-madagascar/
In the pipeline for two years, the dealership project was on hold due to the COVID-19 pandemic, which led to a paralysis of the sector last spring. However, the group, present in Madagascar since 1947, operates via its subsidiary Sicam CFAO Group, had not buried its idea of expansion. And the strong recovery of the African markets has reassured CFAO‘s management, which now intends to go on the offensive again.
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