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The third quarter 2023 confirms Alfa Romeo’ steady growth

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Alfa Romeo

The goals the brand has set itself are clearly challenging, and 2023 is proving a complex year, although outstanding business performance confirms the robust strategy adopted by the brand

AMSTERDAM, Netherlands, November 16, 2023/APO Group/ — 

Once again, Alfa Romeo has filed Q3 2023 showing steadily growing sales results around the world. The overall global figure for the year was up by a solid 39%, with a rise of 10% year-on-year for the quarter just ended; Europe is a major contributor to growth: the overall annual figure is up 66% net; The third quarter ended up 15% year-on-year; Strong and steady growth continues in Middle East & Africa: a rise of 128% over the year as a whole and up 66% in the third quarter; The India-Asia Pacific region also grew, with the Tonale’s debut contributing to a rise of 27% for the quarter; The overall year-to-date figure shows an increase of 5%; In Asia, to follow its debut in Hong Kong, Alfa Romeo has strengthened its presence in the region with the opening of a new official dealership in Singapore; In China, the launch of the new Giulia, the new Stelvio and the Tonale has completed the Alfa Romeo line-up; The Plug-In Hybrid version of the Tonale has made its debut in Japan; In the U.S., where the Tonale has just come on sale, the main highlight is the result for September, with a rise of 7% year-on-year.

After filing a first half of the year with extremely positive results, Alfa Romeo continues its steady growth, based on its discipline in implementing a solid strategic product plan based on rigor in pursuing the highest standards in terms of quality. With a constant eye on the European market, the brand’s strategy is focused on strengthening its global presence. Alfa Romeo recently made its official debut in Saudi Arabia, on the island of Martinique, in Singapore, in Hong Kong, and strengthened its presence with the launch of the Tonale in Dubai, Morocco and Japan.

The goals the brand has set itself are clearly challenging, and 2023 is proving a complex year, although outstanding business performance confirms the robust strategy adopted by the brand.

Globally in Q3 2023, the brand’s registrations grew by 39% and 10% in the quarter in question, with strong growth in Europe demonstrated by average values of a rise of 66% YTD, and 15% up in the third quarter.  Driving the region’s outstanding performance were Italy (up 95.3% YTD; up 36.5% in Q3), Germany (83.7% YTD; 37.9% in Q3), Belgium (82.0% YTD; 59.4% in Q3), and France (72.3% YTD; 7.7% in Q3).

With a constant eye on the European market, the brand’s strategy is focused on strengthening its global presence

Recording an increase of 128% in the annual total, the Middle East & Africa region has confirmed its record-breaking growth trend, with a rise of 66% in Q3 alone. The region is currently a certainty for the Italian brand, which has been growing steadily since 2022. Specifically, Turkey has emerged as the global leader in terms of growth rate in volume, up sixfold year-on-year. The extremely positive trend is also confirmed this quarter with a rise of 160%. To strengthen the brand’s presence in the region, the entire Alfa Romeo line-up (the Giulia, Stelvio, and Tonale) has been launched in Dubai, with the new Giulia and new Stelvio debuting in Morocco.

In Asia, Alfa Romeo continues to strengthen its presence. With a rise of 27% compared to Q3 2022, the India-Asia Pacific region is a key strategic area. To testify to the brand’s focus, a new official flagship store has opened in Singapore, to follow on from the brand’s debut in Hong Kong. In addition, in China and Japan, after the launch of the new Giulia and new Stelvio, the time has come for the Tonale, orders are which are finally open for the brand’s fans.

The Tonale has also made its debut in the U.S. To follow amazing results in terms of quality in the Initial Quality Study (IQS) produced by JD Power – in which Alfa Romeo took the top step of the podium among premium brands, with third place in the industry as a whole – the Italian brand is ready to re-establish itself with a renewed line-up in a continent with great potential: in September, there was a decent rise of 7% year-on-year.

Finally, Alfa Romeo’s return to Martinique is worth a mention, with the opening of a new brand showroom.

Distributed by APO Group on behalf of Stellantis.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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