• Contact
Friday, June 12, 2026
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Botswana first in Africa to hike rates

    Botswana first in Africa to hike rates since war

    trump e xi jin ping

    Trump in China for Xi trade summit amid Iran war limbo

    nigeria

    Nigeria set to repatriate its citizens from South Africa, as it seeks closure for lives lost

    Trending Tags

  • Business
    Abdulsamad Rabiu

    Nigeria’s Abdulsamad Rabiu is now Africa’s second richest man, nearing the $20 billion mark

    Kenya Airways

    Kenya Airways to add flights as Iran war drives occupancy to 99%

    dangote

    Dangote signs separate $750 million deals with Chinese and Indian companies to expand refinery

    corredor do lobito

    Another Shipment of Copper and Cobalt Carried Out Through the Lobito Corridor

    Negocios de Angola foto

    Nigeria set to take over Africa’s automotive future as Innoson CNG plant nears completion

    dangote

    Dangote appoints MTN CEO to fertiliser unit board with IPO plans

    Agostinho Kapaia

    Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda

    Patrice Motsepe

    Patrice Motsepe joins $4 billion club amid mining rally and global expansion

    chickenprocessline082017bloomberg1022

    Removing VAT from chicken offers immediate response to low purchase power, food insecurity – SAPA

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Botswana first in Africa to hike rates

    Botswana first in Africa to hike rates since war

    trump e xi jin ping

    Trump in China for Xi trade summit amid Iran war limbo

    nigeria

    Nigeria set to repatriate its citizens from South Africa, as it seeks closure for lives lost

    Trending Tags

  • Business
    Abdulsamad Rabiu

    Nigeria’s Abdulsamad Rabiu is now Africa’s second richest man, nearing the $20 billion mark

    Kenya Airways

    Kenya Airways to add flights as Iran war drives occupancy to 99%

    dangote

    Dangote signs separate $750 million deals with Chinese and Indian companies to expand refinery

    corredor do lobito

    Another Shipment of Copper and Cobalt Carried Out Through the Lobito Corridor

    Negocios de Angola foto

    Nigeria set to take over Africa’s automotive future as Innoson CNG plant nears completion

    dangote

    Dangote appoints MTN CEO to fertiliser unit board with IPO plans

    Agostinho Kapaia

    Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda

    Patrice Motsepe

    Patrice Motsepe joins $4 billion club amid mining rally and global expansion

    chickenprocessline082017bloomberg1022

    Removing VAT from chicken offers immediate response to low purchase power, food insecurity – SAPA

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Business

Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda

TAB by TAB
23/01/2026
in Business
0
Agostinho Kapaia
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter

Opaia Motors opens Angola’s only operating vehicle assembly plant in Luanda, promising jobs and local supply chains as leaders seek less reliance on imports.

Opaia Group on Tuesday opened what it says is Angola’s only operating vehicle assembly plant, launching a new unit, Opaia Motors, as the country pushes to build local manufacturing and cut its dependence on imported cars.

Related posts

Abdulsamad Rabiu

Nigeria’s Abdulsamad Rabiu is now Africa’s second richest man, nearing the $20 billion mark

06/05/2026
27
Kenya Airways

Kenya Airways to add flights as Iran war drives occupancy to 99%

23/03/2026
7

The company held the ceremony at a newly commissioned assembly facility inside Luanda’s special economic zone. Government officials including Minister of State for Economic Coordination Jose de Lima Massano and Transport Minister Ricardo Viegas D’Abreu attended, along with Auzilio Jacob, governor of Icolo e Bengo province, the company said. Diplomats and members of the National Assembly were also present.

Opaia, a diversified conglomerate with interests that include construction, fertilizer production, mining and finance, is positioning the venture as a long term bet on mobility and jobs. Opaia Motors plans to assemble commercial and private vehicles as well as buses aimed at buyers seeking lower upfront and maintenance costs, executives said.

The plant has an installed capacity of 22,000 light vehicles and 1,000 buses a year, according to Opaia. The company said it is working with partners including Volvo, Chery, Dongyang and Afreximbank to support production, financing and supply chains. It did not disclose the size of the investment, expected retail prices or when the first units will reach showrooms and fleet buyers.

Angola has spent years trying to expand beyond oil by nurturing manufacturing and agriculture. Officials have promoted industrial zones and incentives to attract investors, while transport operators have complained about the cost of imported vehicles and spare parts. Local assembly could shorten delivery times and make servicing easier, though much will depend on the availability of components and on steady demand.

Opaia Motors currently employs more than 1,500 young Angolans and expects to grow to 3,500 direct jobs as production ramps up, the company said. It plans to add technical and vocational training to build skills needed for welding, electronics, quality control and fleet maintenance. Executives also said they want to develop a domestic supplier base, starting with consumables and basic components, to reduce reliance on imported parts over time.

Chairman and chief executive Agostinho Kapaia called the launch a milestone for both the company and Angola. “We are proud to be in step with the country’s industrial and sustainability goals and to be directly addressing Angola’s mobility needs,” he said in a statement. He thanked officials and partners who attended the launch.

Kapaia said locally assembled vehicles could help small businesses and families move goods and people more affordably, particularly outside the capital where transport options can be limited. The company said its initial models are being tailored to Angola’s roads, climate and fuel quality, with an emphasis on durability and efficiency.

Looking ahead, Opaia Motors said it aims to move into electric vehicles as infrastructure improves, describing them as a potential alternative for Angola and neighboring markets. Industry watchers say the shift will require reliable power generation and charging networks, but they note that large fleets often adopt new technology first. No production timetable was provided Tuesday.

Source: Billionaires Africa
Previous Post

Patrice Motsepe joins $4 billion club amid mining rally and global expansion

Next Post

Dangote appoints MTN CEO to fertiliser unit board with IPO plans

Next Post
dangote

Dangote appoints MTN CEO to fertiliser unit board with IPO plans

RECOMMENDED NEWS

Tanzania joins a growing number of African countries imposing digital tax on big global tech firms

Tanzania joins a growing number of African countries imposing digital tax on big global tech firms

4 years ago
5
France fails to end culling of male chicks

France fails to end culling of male chicks

3 years ago
12
Abdulsamad Rabiu

Nigeria’s Abdulsamad Rabiu is now Africa’s second richest man, nearing the $20 billion mark

1 month ago
27
Standard Bank Angola

Angolan Government Orders Privatization of 34% of Standard Bank Angola Through Initial Public Offering

2 years ago
15

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • Botswana first in Africa to hike rates since war
  • Trump in China for Xi trade summit amid Iran war limbo
  • Nigeria’s Abdulsamad Rabiu is now Africa’s second richest man, nearing the $20 billion mark

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business