Hyundai Chief Executive Won Hee Lee said the Korean firm was drawn by Ethiopia's growth, one of Africa's fastest for more than a decade. "This plant is big enough (to assemble) for Kenya, Ethiopia, Somalia, Djibouti, Eritrea and Sudan," he said.Ethiopia produces around 10,000 commercial and other vehicles a year for its home market. It imported more than 40,000 cars in 2017, automobile traders say.Assemblers in the country include Chinese brands Geely, FAW and BYD, as well as Lifan.Hyundai Chief Executive Won Hee Lee said the Korean firm was drawn by Ethiopia's growth, one of Africa's fastest for more than a decade. "We have good opportunities in Ethiopia. We believe the economic growth in Ethiopia will be faster than any other country in middle Africa," he told reporters at the inauguration ceremony.

Source: Ethiopian News February 22, 2019 05:26 UTC