BUSINESS

Kagame receives Volkswagen board of management [Photos]

President PAUL Kagame yesterday received Chairman of Volkswagen, Dr Herbert Diess, and Thomas Schäfer, the chief executive of Volkswagen South Africa, following the signing of an agreement between the German carmaker Volkswagen and the Government of Rwanda to explore the setting up a local assembly plant in Rwanda.

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The memorandum of understanding (MOU) in line with the agreement was signed between Rwanda Development Board (RDB) chief executive Francis Gatare, and Thomas Schäfer, the chief executive of Volkswagen South Africa.

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Schäfer told journalists that the firm will have accomplished its market research in Rwanda by May next year following which an assembly plant producing at least 5,000 vehicles per year could be set up in Kigali by the end of 2017.

Photos: Village Urugwiro

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