[2019-02-28] Angolan group BMP invests in the automotive sector

Source: Macauhub

Angolan business group BMP has carried out a pre-launch of Pegado Motors vehicles, which have been assembled in China and will begin to be sold in Angola from the third quarter of this year, the local press reported.

The chairman of the group, Bruno Miguel Pegado, announced that the vehicles are still being assembled in China, “while the conditions are finalised so that the process can take place in Angola.”

With a capacity of 1,200 vehicles per month, the assembly plant is located in the municipality of Waku Kungo, in Angola’s Kwanza Sul province, in an area of 104 hectares. The group intends to recruit Angolan university educated staff, who will undergo training abroad.

Pegado, quoted by daily newspaper Jornal de Angola, added that the construction of the plant, including equipment, involves an investment of US$50 million financed by the African Export and Import Bank.

The first batch of 270 vehicles is due to arrive in July when the official “Pegado Motors” brand will be launched with commercial and light passenger models.

The prices, Pegado said, will range between 2.9 million and 18 million kwanzas (US$9,184 and US$57,000), and the names of the models are inspired by names and historical places of Angola, such as Macocola, Ombanja, Kissama, Okavango, Camacupa, Bakama, Kalandula, Welwitschia, Zambeze, and Samanhonga.