Africa

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
AfricaMaking the news

How Africa Can Learn from China's Success Story

1 Mins read
How Africa Can Learn from China’s Success Story China’s rise to become a modern economy is no secret – they have done…
AfricaKenyaMaking the news

Nairobi is ranked 74th globally and fourth-richest city in Africa.

1 Mins read
Nairobi is ranked 74th globally and fourth-richest city in Africa. NAIROBI, Kenya, April 19 – Nairobi is the fourth-richest city in Africa and…
AfricaEntrepreneurshipMaking the news

Create regional conglomerates to compete with international ones, advises McDan to African Entrepreneurs

1 Mins read
Create regional conglomerates to compete with international ones, advises McDan to African Entrepreneurs The AfCFTA business forum has just ended and it…

Leave a Reply

Your email address will not be published. Required fields are marked *