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Another sign that riding in Africa is transitioning past practical means of transport to pastime: The Hells Angels has charters in South Africa. Harley-Davidson's entrance into the African market has been slowed more by its private dealership structure than by its limited consumer appeal. Nearly three years later things are starting to turn around. Gruizinga said that investors from various sub-Saharan countries are seriously considering getting into the game. Harley-Davidson Africa has recently seen interest from what Gruizinga referred to as "strong potential investors" wanting to invest in Angola and Kenya.
Certainly, there has been wealth there for a few years now," she said. As the region continues to stabilize, long-term investments in additional east African countries would be considered by Harley.
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Honda recently opened a motorcycle plant in Kenya to meet the country's growing demand. Emerging markets remain a slow-moving vehicle for Harley, though.
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In the third quarter, the company scored its biggest new-model sales increase in two decades, but EMEA region sales Europe, the Middle East and Africa accounted for less than 2 percent of the growth. Sarah Boumphrey, head of countries and consumers at Euromonitor International, said lack of brand recognition and access to credit and various payment options are among the top challenges that the rising middle class has to overcome. Multinational corporations are well positioned to address these issues and speed up their own return on investment in emerging markets.
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Chintsa East, South Africa
meitreachcerla.tk Markets Pre-Markets U. This Ivorian biker club was created 10 years ago to commemorate Harley-Davidson's centenary.