More good news for the African continent. The German Car manufacturing giant, Volkswagen AG, has decided to make a car assembling plant in the African nation of Rwanda.
There in that plant, they intend to create at least 3 models of their vehicle lineup. They equally intend to invest at least 20 million dollars. They also hope to have a ride hailing service, similar to Uber or Lyft. The models they intend to assemble there are the Passat, Hatchback Pro, and an SUV, Teramont.
This is all in Volkswagen's aim of getting more market share in the African continent. They also want to help African drivers avoid getting second hand cars, and enable them to purchase new cars. Volkswagen also intends to create at least a thousand jobs at its inception, with more to follow. Volkswagen hopes that the ride hailing service would help drive demands for the assembly plant, as the cars created there are what are expected to feed the scheme.
Obviously, the Rwandan Government is highly excited about this deal. In a country of 12 million people, and over 300,000 cars, more of this type of deals would be highly welcome, not just for Rwanda, but for the African continent.