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German carmaker VW to set up assembly plant in Rwanda.
President PAUL Kagame yesterday received Chairman of Volkswagen, Dr Herbert Diess, and Thomas Schäfer, the chief executive of Volkswagen South Africa, following the signing of an agreement between the German carmaker Volkswagen and the Government of Rwanda to explore the setting up a local assembly plant in Rwanda.
The memorandum of understanding (MOU) in line with the agreement was signed between Rwanda Development Board (RDB) chief executive Francis Gatare, and Thomas Schäfer, the chief executive of Volkswagen South Africa.
Schäfer told journalists that the firm will have accomplished its market research in Rwanda by May next year following which an assembly plant producing at least 5,000 vehicles per year could be set up in Kigali by the end of 2017.
The move is part of Volkswagen’s plan to develop markets in Africa and it came immediately after the firm inaugurated its third production facility on the continent in Kenya, yesterday, while two others are operational in Nigeria and South Africa.
“Today, in Rwanda, we are launching a concept that will foster individual mobility in this rapidly developing country and make this market a further pillar of the Volkswagen brand’s commitment to Africa,” Schäfer said.
The agreement will enable Volkswagen to start assembling cars in Rwanda that are easy to maintain and that are low on fuel consumption and gas emission while also making it easy for Rwandans to access and use the vehicles.
German carmaker VW to set up assembly plant in Rwanda
President PAUL Kagame yesterday received Chairman of Volkswagen, Dr Herbert Diess, and Thomas Schäfer, the chief executive of Volkswagen South Africa, following the signing of an agreement between the German carmaker Volkswagen and the Government of Rwanda to explore the setting up a local assembly plant in Rwanda.
The memorandum of understanding (MOU) in line with the agreement was signed between Rwanda Development Board (RDB) chief executive Francis Gatare, and Thomas Schäfer, the chief executive of Volkswagen South Africa.
Schäfer told journalists that the firm will have accomplished its market research in Rwanda by May next year following which an assembly plant producing at least 5,000 vehicles per year could be set up in Kigali by the end of 2017.
The move is part of Volkswagen’s plan to develop markets in Africa and it came immediately after the firm inaugurated its third production facility on the continent in Kenya, yesterday, while two others are operational in Nigeria and South Africa.
“Today, in Rwanda, we are launching a concept that will foster individual mobility in this rapidly developing country and make this market a further pillar of the Volkswagen brand’s commitment to Africa,” Schäfer said.
The agreement will enable Volkswagen to start assembling cars in Rwanda that are easy to maintain and that are low on fuel consumption and gas emission while also making it easy for Rwandans to access and use the vehicles.
German carmaker VW to set up assembly plant in Rwanda
