January 29, 2019 IBOMLLC Team

Volkswagen announces plan to set up Assemble Plant in Ethiopia

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

German carmaker Volkswagen has announced its plan to settle car assembly plant in Ethiopia. This announcement was made before the German President on his visit to Ethiopia.

Volkswagen will build both a car plant and a training center in Ethiopia. A country with one of the world’s lowest rate of car ownership. A 2014 report by Deloitte puts car ownership in Ethiopia to two cars per 1,000 people.

Indeed owning a car for the average Ethiopian is too expensive, given the fact government imposes a 200% import tax on vehicle importation.

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Volkswagen announces plan to set up Assemble Plant in Ethiopia
Milicent Atieno

Original article: Volkswagen announces plan to set up Assemble Plant in Ethiopia.

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