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According to foreign reports, Bosch recently opened two branches in Africa. Senior executives of the company said they are optimistic about the development of the African economy and hope to strengthen the company's participation in the African region.
The two new branches are located in Luanda, the capital of Angola, and Maputo, the capital of Mozambique. In addition to these two locations, Bosch has reached a total of 7 regional subsidiaries and company divisions in African countries. Bosch said in the statement that the company will add two more branches in Algeria and Ghana at the end of this year.
Bosch's move shows that the African market is of great significance to the company. Uwe Raschke, member of the Bosch Management Committee, said that the middle class and highly educated young people in Africa are growing. The African continent is also rich in raw materials, which will promote the positive development of African countries’ economies.
Rui Shiyi also said that these factors make the African region very attractive to Bosch. “We can use our products and services to help local people improve their living standards. At this level, we will focus on satisfying the local market. And consumer demand."
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