Carmarket Archives - Ethio Negari

06 Apr

Russian car manufacturing companies to Invest in Ethiopia

ethionegari@gmail.com0 CommentsBusiness, News, Politics, TechnologyAddisAbaba, Carmarket, dredawa, EthioNegari, Ethiopia, freetradezone, industrypark, Russia

Russian car manufacturing companies are visiting Ethiopia and expressed their interest in investing in Diredawa. Representatives from Russia's Lada and Gaz Group car manufacturing companies discussed with Mr. Shiferaw Solomon, Deputy of Industrial Parks Development Corporation. The delegates were briefed on the favorable investment situation in the industrial parks, incentives for the sector, and the Dredawa Free Trade Zone. In addition to Dredawa, the executives of the car manufacturing company also toured Bole Lemi and Kilinto Industrial Parks and observed the work and production process. The companies are known for providing different models of vehicles used in the European, South…

Volkswagen company loses interest on Ethiopia’s investment

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, Automobile, Carassembly, Carmarket, EthioNegari, Ethiopia, Germany, Volkswagen

Volkswagen company loses interest on Ethiopia's investment Germany car maker company, Volkswagen will not invest in Ethiopia if the Ethiopian government does not make legal reforms Following the political change program in Ethiopia five years ago, the company announced its intention to build a car assembly plant. However, so far the company has not made any investment activities in Ethiopia Onur Yell, head of the economic, cultural and press department of the German Embassy in Addis Ababa, said that the company is interested in investing in Ethiopia, but if the law regarding electric cars is not passed, it has no…

Why the price of car market declines in Ethiopia?

ethionegari@gmail.com0 CommentsBusiness, Fact check, NewsAddisAbaba, Automobile, Carmarket, Carprice, EthioNegari, Ethiopia

The price of new automobiles has dropped significantly in the last three weeks, putting the automotive industry in the midst of another dramatic shift in events. The change in price comes just two months after the central bank banned the imports of vehicles, along with 37 other items, with letters of credit. The ban made it impossible for businesses that imported new cars to take advantage of the low tax that was put in place to reduce pollution from old cars. Experts expected the price would increase, as the ban means low supply, which could lead to an increase in…