- Ghana seems to be the hot spot for foreign investments as Hyundai and Kia are set to set up their assembly in the country
- The two companies joined Toyota-Suzuki, Nissan, Kantanka, Volkswagen and Sinotruck in Ghana
- Just two weeks ago, Twitter had also snubbed Nigeria to establish its headquarters in Ghana
More global companies seem to be snubbing Nigeria despite its status as the largest market in Africa, as Hyundai and Kia followed the path of Twitter to base their assembly plants in Ghana.
The two automakers will now manufacture and assemble their vehicles in Ghana and distribute them to other African countries for sale. Both Hyundai & Kia plan to establish the assembly plants in the West African country before the end of next year.
Aside from Hyundai and Kia, other car manufacturers like Toyota-Suzuki, Nissan, Kantanka, Volkswagen, and Sinotruck have already made Ghana one of their assembly locations in Africa.
When the foreign brands start distributing their vehicles to their market in Africa, Nigeria will have to depend on Ghana to import cars. This means Nigeria will become a source of revenue for the neighbouring country in auto market.
In a statement announcing the decision of Hyundai and Kia, Ghana's Minister of Trade & Industry, Alan Kyerematen, stated:
"Pleased to announce that Hyundai & KIA are set to establish assembly plants in Ghana by the end of 2022 to join Toyota-Suzuki, Nissan, Kantanka, Volkswagen & Sinotruck.
"The Ghana Auto Development programme = 3,600 assembly & 6,600 manufacturing parts jobs in Ghana. #InvestforJobs." He wrote on Thursday.
The entry of the two automotive companies followed Twitter's decision to snub Nigeria, a country that offers the social media firm its second-largest users in sub-Saharan Africa.
Meanwhile, Legit.ng had earlier reported that Uber protesters demanded a higher commission from the ride-hailing company. Some drivers on the Uber app abandoned work to drive home their demands.the
But Uber said the protesters are not speaking for all the drivers on their ride-hailing app. A spokesperson for the company said it was aware of the protest and the welfare of the drivers is priority.
However, the spokesperson said if the drivers have any grievances against Uber, they should use their virtual and in-app contact instead.