Mar 24, 2017 Last Updated 10:30 AM, Mar 24, 2017

Nigeria issues 12 vehicle assembly licences

ABN – The Nigerian government has given the country’s automotive industry a boost by issuing licences for 12 new vehicle assembly plants.

Once these are established, the country will have 45 automobile assembly plants in total.

The Nigerian Automotive Design and Development Council (NADDC) based in Abuja said the new plants would benefit Toyota, Honda, General Appliances West Africa, Perfection Motors Company, Richbon Nigeria, R.T. Briscoe Nigeria, Nigeria-China Manufacturing Company, Nigeria Sino Trucks, Coacharis Motors, DAG Motorcycle Industry Nigeria, Globe Motors Nigeria, Century Auto-Assembly Nigeria and Concept Auto Care.

Automobile assembly is an attractive industry in Nigeria because local assembly plants pay zero duty when importing completely knocked down (CKD) parts; only 5% duty when importing semi-CKD parts; and 10% when importing second grade parts.

@ABNetworkOnline

WHO launches Ethiopia pharmaceutical manufacturing project

ABN – The World Health Organisation has launched its 10-year National Pharmaceutical Sector Action Plan in Ethiopia.

It will run from 2015 to 2025 and will aim to boost the manufacturing of pharmaceuticals in the country.

WHO is also hoping that the action plan will help to address the need for essential medicines in Ethiopia.

The launch ceremony for the project was attended by UN secretary general Ban ki-Moon, Nkosazana Dlamini Zuma, chairperson of the African Union Commission, Margaret Chan, director general of WHO, Helen Clarke, administrator at the United Nations Development Programme, and Jim Yong Kim, president of the World Bank.

@ABNetworkOnline

Honda Motor starts production at first African automobile plant

ABN – Production has started at Honda Motor’s (NYSE: HMC) new manufacturing plant in Nigeria.

The new plant will produce the company’s Accord Sedan at an annual production capacity of 1,000 units.

It is the company’s first automobile production plant in Africa and it will be operated by Honda Automobile Western Africa, a Honda wholly-owned subsidiary.

Honda Motor director Yoshi Yamane said: "Establishment of the first Honda automobile production plant in Africa is an epoch-making challenge for us.

“This production operation incorporates know-how Honda has amassed through its long history of motorcycle business in this market, and we could re-discover the strengths of Honda at the spot of manufacturing operations.

“I expect that this initiative will lead to a great leap in our automobile business in Nigeria and become a first step toward expansion to the entire African market."

Regional head and operating officer Yusuke Hori said: "It is a great pleasure to see the start-up of Honda's first automobile production plant in Africa.

“Our production volume is still small; however, we will strive to deliver the joy of mobility to as many customers as possible and expand our business in Africa in the future."

@ABNetworkOnline

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