With rapid population and economic growth, the car usage rate in African countries is increasing yearly, and the number of used cars exported from Japan soared. Thanks to the well-established vehicle inspection system and road pavement maintenance, Japanese used cars are of good quality and can be purchased reasonably.
SBI Africa exports and sells Japanese used cars to emerging countries centered on the African countries through SBI Motor Japan, a cross-border EC site for overseas buyers that opened in October 2020. In October 2021, the Group established a new automobile sales base in Nairobi, Republic of Kenya. In addition, we intend to open stores in other regions to expand our businesses. By actively hiring local staff at stores, it will also contribute to the creation of direct employment opportunities. The Group also collaborates with financial institutions and partners in Japan and overseas to develop financial services such as microfinance.
