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Company News of Friday, February 15, 2019
Source: citinewsroom.com
2019-02-15
VW has announced that it was ready to start a car factory in Ghana last year.
According to the rating agency Fitch, Ghana has the infrastructure needed to accommodate the German automaker Volkswagen in the sub-region.
According to a report from the rating agency, Ghana is developing rapidly and rapidly, which only shows that VW will be better placed in the country.
According to Fitch, VW's target markets of Ghana, Ethiopia and Rwanda are growing rapidly and the rapid growth of 3G and 4G subscribers means that the urban population will be well placed to use shared carpools like offered by VW.
In addition, the report states that mobility concepts can serve as an introduction to the brands of cars that consumers will be able to offer as their disposable income increases, while offering consumers another means of transportation. personal transport.
Fitch believes that Ghana, Rwanda and Ethiopia have the required infrastructure and the small, but small, customer base to support VW's planned operations in the region.
According to Mr. Fitch, there is a niche market for mobility concepts such as car pooling and application-based on-demand shuttle services in the sub-Saharan region.
He also noted that the Mobility Concepts target market would benefit professional tourists, who travel for business reasons and who do not use traditional public transport.
Fitch says the market has remained relatively untapped due to the high cost of vehicles in sub-Saharan African countries, such as Rwanda, Ghana and Uganda.
VW has announced that it was ready to start a car factory in Ghana last year.
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