Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Public Management

Japan’s Toyota plans car assembly line in Angola

Tuesday, 03 September 2019 14:05
Japan’s Toyota plans car assembly line in Angola

(Ecofin Agency) - Japanese car maker Toyota announced last week it will set up an assembly line in Angola. The project is expected to cost about $200 million.

According to the company’s vice president, Hideki Yanase, most of the budget will be used to purchase land, build the assembly line as well as office buildings. The infrastructure will make it possible to assemble cars, but also to manufacture spare parts for the local market.

Let’s note the project falls within the framework of the seventh edition of the Tokyo International Conference on African Development (TICAD 7), which brought together African and Japanese leaders in Yokohama last week. On the sidelines of this conference, several partnership agreements have been signed. Projects in Angola also include the extension of the port of Namibe, which is expected to start by next year.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Mining


 
Telecom


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.