Why Porsche Is Scouting Investors In Namibia

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Written by Staff

From All Africa

The German maker of luxurious sports vehicles, Porsche, is looking to set up what is perhaps the first dealership in Namibia, as part of their growth strategy in Middle East and Africa.

The company placed advertisements in local newspapers this week asking investors interested in investing in a Porsche dealerships in Namibia, Cameroon, Democratic Republic of the Congo, Ethiopia Gabon, Ivory Coast, Senegal, Tanzania and Zambia.

South Africa and Angola are among Namibia’s neighbouring countries with Porsche dealerships.

Interested Namibian investors, Porsche said, should demonstrate the “ability to inspire confidence and trust in the Porsche brand, and intense desire to operate a Porsche Importer Dealership”.

The luxurious sports automotive maker also requires the interested investors to have “considerable imported luxury automotive dealership’s operational experience” in their own country. The local investors would be required to put up portion of capital for investments in land and machinery.

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