Contract signature in the presence of Federal President Frank-Walter Steinmeier
Volkwagen’s Sub-Saharan leader Thomas Schäfer (left), and Abebe Abebayehu, Commissioner of the Ethiopian Investment Commission (EIC). Ethiopia is the third country in the sub-Saharan region in which Volkswagen is involved.
HamburgVolkswagen builds his activities in Africa continue out. After agreements with Nigeria and Ghana last summer, Wolfsburg signed a memorandum on Monday to develop the auto industry in Ethiopia. The contract was signed in the presence of Federal President Frank-Walter Steinmeier in Addis Ababa, who is on a state visit to the country.
The Memorandum of Understanding with Ethiopia included setting up a vehicle assembly, manufacturing components in the country, and introducing app-based driving services such as car-sharing and carpooling, and setting up a training center VW With.
Ethiopia is the third country in the sub-Saharan region with which the Lower Saxony have concluded such agreements. In Ghana, an assembly plant is to be built. In addition, VW is examining the feasibility of integrated mobility solutions.
African automobile market is to grow
In Nigeria, Volkswagen has committed to gradually build vehicle assembly and build the country into a long-term hub for the automotive industry on the west coast of Africa. Volkswagen already has a production plant in South Africa and assembles vehicles in Algeria, Kenya and Rwanda.
Current club events
The African automobile market is currently comparatively small. However, experts assume that the region will grow in the future.