Volkswagen inks deal to begin assembling cars in Kenya

Bypass · 2016-09-07T17:53:23+00:00

http://www.businessdailyafrica.com/image/view/-/3372788/medRes/1430343/-/r8j92dz/-/VW.jpg Skip to the navigationchannel.links.navigation.skip.label.Skip to the content.Nation Media Group | Digital Editions | Africa Review | The East African | Daily Nation | NTV | NTV Uganda | Daily Monitor | The Citizen | N-Soko Wednesday September 7, 2016 Corporate NewsMoney & MarketsOpinion and AnalysisSpecial ReportsBDLifeDownloadsMagazines GO Login HomeCorporate News CORPORATE NEWS Volkswagen inks deal to begin assembling cars in Kenya SHARE BOOKMARKPRINTRATING The logo of car maker Volkswagen at the entrance to a branch in Germany. Kenya's first fully-assembled Vivo is expected to roll out of the Thika plant by December this year. PHOTO | AFP By BD CORRESPONDENT Posted Wednesday, September 7 2016 at 16:42 IN SUMMARY The Volkswagen South Africa CEO Thomas Schafer said the company was attracted by Kenya’s potential to export vehicles to the wider East Africa region.The company used to operate in Kenya in the 1960s until 1977 and used to assemble Volkswagen vans, microbuses and the famous Kombi. Volkswagen South Africa has signed a deal with Kenya to assemble vehicles in Thika, President Uhuru Kenyatta has announced Wednesday. SHARE THIS STORY 1 inShare This follows an agreement allowing the German automaker to use the Kenya Vehicle Manufacturers (KVM) facility in Thika to assemble its popular models beginning with the Volkswagen Vivo. The country's first fully-assembled Vivo is expected to roll out of the Thika plant by December this year. Making the announcement today, President Uhuru Kenyatta said the plant would later start assembling a variety of makes. “I am happy to welcome back the Volkswagen Group, currently the largest car manufacturer in the world, back to Kenya,” said Mr Kenyatta at State House, Nairobi, where he witnessed the signing of the agreement between Kenya and Volkswagen. The Volkswagen South Africa CEO Thomas Schafer said the company was attracted by Kenya’s potential to export vehicles to the wider East Africa region. “We will start operations immediately,” he said. The carmaker operated in Kenya in the 1960s until 1977 and used to assemble Volkswagen vans, microbuses and the famous Kombi. President Kenyatta said the return of Volkswagen was a response to the government's focus on investments in infrastructure including rail, roads and energy, regulatory and business environment reform, linking foreign direct investments to local enterprises and improving human resource capacity. “Major investors such as Volkswagen realize that Kenya is now a more competitive investment destination, and are responding by pursuing opportunities here,” President Kenyatta said. Ads by Revcontent You May Also Like Generate A High-Quality User Experience with Revcontent Join Revcontent To Increase User Engagement and Reach Google AMP Builds a Better User Experience on Mobile Patch.com Chooses Revcontent for Superior Ad Quality and User Experience Revcontent Talks The Importance of User Experience Build a Seamless User Experience in the Mobile World Latest from Daily Nation: BusinessSuperb year for tea farmers as yields increase to Sh84 billion - VIDEOKenyans paying more for fuel, says Kippra reportBeer maker the largest NSE moverSign long-term deals, Chinese firms urgedIrrigation board put on the spot NSE top gainers & losers n-soko About us Contact us Digital Editions Syndication Help Privacy Policy Terms RSS

Thread starter Bypass
Start date Sep 7, 2016

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Volkswagen inks deal to begin assembling cars in Kenya

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