Verna Technologies / Market Data

Market Data

Market Opportunity

The Korea–Africa automotive corridor is underserved and rapidly growing

Africa's used-vehicle import market is large and growing, driven by rising demand and a well-established preference for reliable, affordable imports. The infrastructure to connect verified supply with demand reliably simply doesn't exist yet.

$21.5B+
Africa Automotive Market Size (2025)
~5% CAGR forecast through 20301
15
ECOWAS Member States
West Africa's trade bloc, Verna's initial expansion zone
70-90%
Of Ghana's Vehicle Imports Are Used Vehicles
Tema Port is Verna's primary West Africa entry hub2
$8.9B+
Korea's Used-Vehicle Export Value (2025)
Up 75% year-on-year3
1 Mordor Intelligence & Research and Markets, Africa Automotive Market reports, 2025 · 2 Ghana Automobile Market Analysis, Research and Markets, 2025 · 3 Korea Ministry of Trade, Industry and Energy, 2025 export data
Africa Expansion Roadmap
Phase-by-phase market entry, starting in ECOWAS (West Africa)
PHASE 1
Ghana — Primary Entry (Tema Port)
PHASE 1
Senegal — K-Senegal Summit (KOICA)
PHASE 2
Nigeria
PHASE 2
Côte d'Ivoire
PHASE 3
Kenya — East Africa
PHASE 3
Ethiopia — East Africa
PHASE 4
West Africa Complete — All 15 ECOWAS States