Russian Automaker Enters the Ethiopian Market, Injecting Vitality into Economic Ties
The Russian carmaker Lada has become the latest in a growing list of international automakers preparing to enter Ethiopia’s fledgling automotive market which has one of the world’s lowest car ownership rates.
Under a partnership with local partner Bazra Motors, the new plant is projected to produce 5,000 vehicles annually from an assembly plant to be established in the town of Kombolcha, located in the country’s conflict-torn northern Amhara region, according to the Ethiopian ambassador to Russia Cham Ugala Uriat. He said the new Lada plant will export to neighboring countries including Kenya, Somalia, Sudan and South Sudan.
Photo courtesy of qimono.
Source: Semafor (link opens in a new window)
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