Major Russian automaker inks deal to produce cars in Africa ...News

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The agreement will see Lada vehicles assembled in Ethiopia Ethio-Engineering Group (EEG) and Russian carmaker Avtovaz have signed an agreement to produce Russian Lada vehicles in Ethiopia, local media reported on Sunday. According to the report, the deal was inked by EEG’s CEO, Suleiman Dedefo, and the head of Avtovaz Export, Ilya Savinov. The agreement’s details, including the expected timeframe for the production launch, have not yet been made public. In his speech at the ceremony, Savinov said that many Russian companies are interested in investing in Ethiopia. For his part, Dedefo invited Russian entrepreneurs

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