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01/28/19
Addis Ababa / Wolfsburg
Company

Volkswagen develops automotive industry in Ethiopia

Volkswagen develops automotive industry in Ethiopia
Thomas Schaefer, Head of Volkswagen Sub-Saharan Africa signing the Memorandum of Understanding (MoU) with Abebe Abebayehu, Commissioner of the Ethiopian Investment Commission in Addis Ababa. With them are the President of the Federal Republic of Germany, Frank-Walter Steinmeier and the Ethiopian Minister of Finance, Ahmed Shide.
  • Volkswagen brand expands its business in Sub-Saharan Africa by signing a Memorandum of Understanding (MoU) with Ethiopia
  • Volkswagen is contributing to the fast development of the country by founding an automotive industry
  • MoU is based on: vehicle assembly, localization of automotive components, mobility concepts, opening of a training center

Volkswagen brand continues its engagement in emerging countries in Sub-Saharan Africa. In the presence of Frank-Walter Steinmeier, President of the Federal Republic of Germany, a Memorandum of Understanding (MoU) was signed by Thomas Schaefer, Head of the Volkswagen Sub-Saharan Africa Region, and the Commissioner of the Ethiopian Investment Commission (EIC), Abebe Abebayehu, today. Thereby, Volkswagen is taking the fast development of the country into account. Over the last ten years, the GDP growth rate in Ethiopia was above 8 percent – one of the highest worldwide. Moreover, Ethiopia is a priority and focus country for Germany under the G20-“Compact with Africa” initiative.

Your media contacts

Andile Dlamini
Volkswagen Group South Africa, Head of Group Communications
Tel. +27-41-994-4829
Dr. Christoph Ludewig
Deputy Head of Corporate Communications
Tel. +49 (0) 5361 / 9-87575