New distribution partnership for CFAO in East Africa
CFAO announces the creation of a joint venture for East Africa...
CFAO announces the creation of a joint venture for East Africa. This new entity is owned by CFAO and by Porsche Holding Salzburg and will import and distribute Volkswagen Passenger Cars and Light Commercial Vehicles in six East African countries: Kenya, Malawi, Uganda, Tanzania, Zambia and Zimbabwe.
In a statement, Richard Bielle, Chairman of the CFAO Management Board said: “This joint venture agreement with Porsche Holding Salzburg reinforces the distribution contracts signed with Volkswagen at the end of 2014. The quality of CFAO teams and network in East Africa will allow to develop the sales of Volkswagen and strengthen the image of this leading Brand in East Africa. ”
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