(Ecofin Agency) - Japan’s car company Toyota will soon set up a car assembly plant in Côte d’Ivoire. This is the purpose of an agreement the company signed yesterday August 29 in Yokohama, Japan, with the Ivorian government.
The document was signed by the Ivorian transport minister, Amadou Koné, and the CEO of Toyota, Ichiro Kashitani, on the sidelines of the 7th edition of the Tokyo International Conference on African Development that ends today.
According to an official statement, the plant’s construction will begin by the end of 2019 but no detail is given about the investment required and the plant’s capacity. With the completion of this project, Côte d’Ivoire will become the Car marker’s fourth industrial presence in Africa, after South Africa, Egypt and Kenya.