Ramaphosa's Hope Of Making S Africa Major Cell Phone Producer Dashes As Factory Owned By Indian-origin Entrepreneur Shuts

South African President Cyril Ramaphosa's hopes of the country becoming a major producer of mobile phones for Africa have been dashed with the closure of a state-of-the-art manufacturing facility owned by a Rwanda-based Indian-origin entrepreneur. In October 2019, the Mara facility in Durban's Special Economic Zone was launched by Ramaphosa, who had secured a promise of investment by Indian-origin Rwandan businessman Ashish Thakkar at South Africa's first international investment conference a year earlier.

from Top India News- News18.com https://ift.tt/AD2OMPK