VW investing in new business model for Africa

1 Mins read

The German car manufacturer is investing $50 million in car-sharing and ride-hailing concepts to enhance mobility in Rwanda.

VW’s ride-service Move already has 23,000 registered users in Kigali, of which 2,200 of them are active users.

Volkswagen Rwanda CEO, Michaella Rugwizangoga, says that also in Africa, there is a new range of customers who don’t want to have the burden of owning and taking care of a car.  “They want be able to drive in the car but they don’t want to worry about insurance, maintenance, fuelling the car etc, they want on demand just in time.”B

VW is giving its business model a two-year test run, with cars that are assembled at its new $20 million plant in the Rwandan capital.

Related posts

Nigerians are learning to buy now and pay later

7 Mins read
BNPL startups in Nigeria are gambling millions of venture dollars on solving a problem of weak ID verification and scant consumer credit…

Buffer Stock Company blames food shortage on middlemen

1 Mins read
The Ghana Buffer Stock Company is blaming rising prices of foodstuffs on the activities of middlemen in the sector. According to the…

UK regulator fines Ghana International Bank £5.8 million

2 Mins read
The regulator of financial services firms and financial markets in the UK, Financial Conduct Authority (FCA) has fined the Ghana International Bank…

Leave a Reply

Your email address will not be published.