Volkswagen announces plan to set up Assemble Plant in Ethiopia

volkswagen ethiopia

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.

Must Read:

Ford Launching 25 New Vehicles In The African And Middle East Market

Most Popular Cars in Africa

Related posts

Work-Life Balance for Remote Employees

How To Come Up With A Cool Business Idea? 8 Unobvious Tricks

Unveiling Tomorrow’s Gaming Thrills: Exploring the Horizon of Virtual Casinos