See also:
» 16.02.2010 - Government approves $250 mln for agro-credit
» 11.12.2009 - Sudan and Angola strike a deal with Vietnamese group
» 27.10.2009 - Govt's investments in infrastructure drive Angola's industry
» 14.08.2009 - Angola investing in manufacturing industries
» 10.07.2009 - Giant brewer invests $125 million in Angola
» 07.05.2009 - Electricity sectors in Angola and Mozambique ripe for investment, report
» 05.05.2009 - Angola steps-up cement production plants
» 30.03.2009 - Angola estimates $75 per barrel in 2009

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Economy - Development

Volkswagen to build assembly plant in Angola

afrol News, 4 February - Volkswagen and its Angolan partner ANCAR have announced that they are to build an assembly plant in the outskirts of Angola's capital, Luanda. ANCAR will invest US$ 48 million to build an assembly line for the production of VW and Škoda model vehicles, a central parts store, a training centre and an Angola-wide dealer network.

The Germany-based vehicle giant Volkswagen has announced its entrance in the Angolan market. The announced plans include an assembly line for semi knocked down (SKD) production of VW and Škoda models and the establishment of a dealer network to cover all of Angola. Škoda is a Czech car owned by Volkswagen.

Volkswagen, Europe's leading car maker, principally presented the announcement as a strategy "to establish a foothold in the Angolan market." The German company was to produce semi knocked down cars in Angola to be in a better position to enter the growing national car market, offering two of its cheaper models to Angolan consumers.

The Luanda-based company ANCAR, which is implementing the project process for Volkswagen in Angola, was said to invest US$ 48 million in an assembly line for VW and Škoda vehicles, a central parts store, a training centre and a nationwide dealer network, Volkswagen announced.

Plant construction will begin in Viana - in the outskirts of Luanda - in a few weeks, and Volkswagen said it hopes to start its semi knocked down car production in April. The plant's capacity will gradually be built up to 160 vehicles - including passenger cars, trucks and buses - per day. Annual output for this year is expected to be 10,000 vehicles and that total will climb to 20,000 vehicles in 2007.

ANCAR further announced that it was to give preference to former combatants in its hiring practices and expects to employ 2,500 Angolans directly. The investment should also indirectly generate an additional 4,000 jobs, according to Angola's state-run Agência National para o Investimento Privado.

Currently Angola imports over 100,000 vehicles each year, including used cars, according to Volkswagen officials. Angola so far does not have any car producing industry, as contrasted to the major vehicle producer South Africa.

The announcement of the development of this new industry was therefore strongly welcomed by Angolan authorities, which mostly depend on oil revenues. Volkswagen's announcement in Luanda was attended by Angolan Ministers, other business and political representatives and the ambassadors of Germany, the USA and the Czech Republic.

- Create an e-mail alert for Angola news
- Create an e-mail alert for Economy - Development news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at