MY TAKE
Hivi ule mradi wa IPP Holdings kuanzisha kampuni ya simu Touchmate na ya kuunda magari Hyundai uliishia wapi? au ulikufa na Marehemu watoto wanashinda mahakamani kugombelea Urithi? Papuchi inahaharibu mipango yoote imagine Mengi katafuta mali kwa jasho kasomesha watoto wake vizuri kawajenga kwenye ku-run the business then of a suddenly the last lap kapumbazwa na katoto cha Bongoflava! Hakusikia la Muadhini wala Mteka maji vuluvulu!
IPP now ventures into motor vehicle assembly business
ippmedia.com/en/news/ipp-now-ventures-motor-vehicle-assembly-business
21. November 2018
21
Nov 2018
The Guardian Reporter
Dar es Salaam
News
The Guardian
IPP now ventures into motor vehicle assembly business
IPP executive chairman Dr Reginald Mengi yesterday entered into a joint partnership with a Korean company to establish the first Tanzanian motor vehicle assembly plant with an initial investment of $10 million (over 23 billion/-).
IPP Executive Chairman Dr Reginald Mengi signs Memorandum of Understanding with KOTA Business Limited Chief Executive Officer Byeong-Goon (Thomas) Choi of South Korea under which the IPP Automobile Ltd and Youngsan Glonet Corporation will set up a car assembling plant in Dar es Salaam yesterday. Others are Ambassador of Republic of Korea Song Geum-young (L), IPP Touchmate Ktd Managing Director Victor Tesha and IPP Automobile Ltd Godfrey Bitesigirwa. Photo: Selemani Mpochi
According to Dr Mengi, the plant will assemble 1,000 vehicles per year and provide 500 direct plus 1,000 indirect employment opportunities.
It will go by the name IPP Automobile Limited and is a joint partnership with Youngsan Glonet Corporation, the technical representative of Zyle Daewoo Commercial Vehicle and Hyundai Motor Corporation from South Korea.
He said assembling functions will begin with three types of vehicles - commercial and construction trucks; buses of all ranges; and sports utility vehicles (SUV). The first locally-assembled vehicle is expected to be finalized between September and October next year.
South Korea’s ambassador to Tanzania, Song Geum-Young, witnessed the signing of the memorandum of understanding (MoU) between IPP and Youngsan Glonet, describing it as the start of a new era of cooperation between the two countries.
IPP also recently teamed up with the Dubai-based electronic manufacturing company Touchmate to start producing cell phones and other popular electronic gadgets from early next year.
The Touchmate agreement includes an 11.5 billion/- ($5 million) to manufacture smart phones and other electronic gadgets like computers, iPads, Bluetooth music speakers, headphones, earphones, and various home appliances.
Solar-powered tablets will be manufactured for use mainly by Tanzanian students, especially those studying in rural areas where electricity is insufficient. The tablets will be installed with e-books as per Tanzanian primary and secondary school curricular, he explained.