Toyota Company announces plans to invest in renewable energies

Benguela – The president of Toyota in Angola Nuno Borges Friday in Benguela announced plans for the Japanese company to invest in renewable energies and water treatment in the country.

The official was speaking at the end of a few-hour visit by the Executive President of the Toyota Company, Ishiro Kashitani, to the province of Benguela.

According to Nuno Borges, there are already some proposals that did not moved on, due to the Covid-19 pandemic.

Regarding the visit of the Japanese delegation to the city of Lobito, he said that the Toyota CEO was impressed with the potential of the province, expressing strong interest in the future Refinery, due to its size.

He assured that the process will be analyzed by the Executive President, internally, before making any decision.

As for the fisheries, Nuno Borges said that no decision has been taken yet, adding that both the fishing and packaging have a basic set-up for consumption in the internal market and neighboring countries, due to the limited scale of production.

He said, however, that “Japan is the biggest consumer of tuna in the world and maybe in the future there will be interest”.

Asked about the possibility of Angola having a car assembly plant, Nuno Borges assured that it was premature to address the matter as the market is still equally limited, but he did not rule out the possibility of investing in this area in the future.

During his few hours visit to Benguela, the CEO of Toyota, Ishiro Kashitani, visited the Lobito Refinery and the two largest fisheries in the southern region, located in the municipality of Baía-Farta.

Source: Angola Press News Agency