Autochek, automotive technology company, acquired KIFAL Auto, Morocco’s automotive technology startup, to drive its expansion into North Africa.
This acquisition represents the first major expansion of the West Africa-based startup into North Africa and it will facilitate pan-African collaboration plans.
“I have long been an admirer of the work Autochek has done to enable improved experiences across Africa’s automotive value chain. There is so much we can learn from each other and I am looking forward to bringing my experience and expertise to deliver more game-changing innovation in Morocco and beyond. In our Industry and especially in an African context, it makes a lot of sense to continue growing with a large player. Morocco is a gateway into North Africa and I am confident that we can unlock new value and drive further transformation across the Board,” Nizar Abdallaoui Maane, CEO and Founder of KIFAL Auto, said.
KIFAL Auto was founded by Nizar Abdallaoui Maane in 2019 to transform the automotive experience in Morocco by providing a seamless process for buying and selling used cars, and enabling access to financing, warranties, insurance and other value-added services.
With the acquisition, Autochek will tap into the innovation that underpins Morocco’s automotive ecosystem, introduces its market-leading solutions to alleviate various challenges across the value chain and further integrate the Pan-African automotive industry to drive shared value for consumers, manufacturers, financial institutions and other stakeholders.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.