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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

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