AFROBAS UPDATE FOR LAUNCHING
Afro Bas Trucks Company Ltd is a legally registered company in Ghana with the following principal activity/nature of business; Transport and Haulage, Sale and Rentals of Buses, Trucks and Heavy Duty Trucks and Spare Parts. Afrobas has got main shareholders namely; Daniel Ekow Adiku, Elizabeth Asiedu-Mensah, Emmanuel Asimayi, Solomon Boaheng Akosah, Celal Bayer and Don Gyening.
Afro Bas as a subsidiary of the Westgas Group is also going to be the main dealer for the proposed Buses to be assembled in Ghana. Westgas Group currently has two projects which has already attracted funding from a USA based firm Nationwide Finance LLC (NWF), Arab Foundation for Investment and Development (AFID). The two projects an Energy Complex and the Transport Project (Dealership and Automobile Assembling Plant y to be incorporated as Afrobas Automobile Assembling & Fiberglass Plant Ltd).
Afrobas Automobile Assembling & Fiberglass Projects
Under the flagship 1D1F Initiative of The Government of Ghana and in line with its commitment to transform Ghana into an industrial hub for the West African Sub Region, Afrobas Ghana Limited presents:
The Automobile Assembling and Fiberglass Projects
Afrobas Automobile Assembling & Fiberglass Plant Ltd. (Afrobas/Afrobus) is a Ghanaian-owned private company incorporated in Ghana and a member of Westgas Group of Companies. Afrobas is also affiliated with several technology companies in Turkey and other European countries.
The company has gone far with its Automotive Assembly and Fiberglass Plant and has accomplished the following;
Signed MOU with University of Cape Coast, Ghana, releasing a 25 acre lot of land for development by Afrobas, under the University’s Industrial Unit Program.
Registered with Government of Ghana, under the Ministry of Trade and Industry’s One District One Factory policy (1D1F), for accelerated Industrialization of the Republic.
Completed developing 6 Proprietary Custom models of Buses in partnership with The Race Group, Bursa Turkey to be built/produced in Ghana.
Concluded Strategic Alliance with Pi Makina, Istanbul, Turkey, to produce landmark Heavy Duty Haulage Trucks, Trailers and Construction Trucks.
vHas closed negotiations and received standing orders for vehicles and ancillary transport support services to the tune of $762 million.
vConcluded putting together a project construction management team aimed at the construction and restoration of both new and old factories (new-Auto Assembly and Fiberglass production, existing-Bus Assembling Pant revamp, existing-Tyre, Glass Factories and New-Vehicle Seat).
We have recruited a team for the production line for capacity enhancement of our future staff (Ghanaian Engineers & Artisans). Taking advantage of our current standing orders, part of which shall be produced in Turkey (Buses/Trucks), some of our future Ghanaian production staff have been scheduled to take part in the production with a view to honing their skills to cutting edge quality through hands on training in Turkey.
An EPC Contractor from Turkey has been selected to execute the project on Design-Build basis. The Contractor has over six (6) decades of experience in the construction industry.
Completed the selection of capable local Support Contractors to comply with the local content policy requirement in accordance with Ghana labour laws for projects being executed by foreign EPC Contractor(s). This way foreign Companies are to partner local ones for necessary technology transfer purposes.
We have 3D designs models of all the structures that constitute our Factory – Complex (Factories, Showroom, Head Office etc).
The project has been strategically located for maximum impact; within the University of Cape Coast enclave: linking 3 key regions - Western, Central and the Greater Accra.
An initial estimated amount of $230 million will be invested into the project (1st & 2nd phases) and $762 million of contracts/orders/Alliances.
Among many other benefits, this project is expected to:
Enhance Government’s efforts at reviving the country’s automotive/transport industry.
Generate sustainable employment – Conservative projection of 2,500 direct jobs with additional thousands of indirect jobs.
Train and develop quality human resources for the land and marine transport industries in Ghana and for the ECOWAS Sub Region.
vServe as an important foreign exchange earner for Ghana.
Transform the face of many industries: Technology, Fishing industry, Healthcare, Leisure, Security, Oil and Gas, Architecture etc.
Open up the sub region to enhance trade and movement of people, in line with the relevant ECOWAS Protocols.
Serve as a catalyst for rapid industrialization through the production of a wide range of products across many sectors in Ghana because fibreglass is one of the best materials which lends itself to the design and production of variety of complex architectural and structural elements without compromising durability.
Main Product Lines: Automobile (passenger and cargo) and wide range of fibreglass products.
Vehicles to be assembled: Future-proof Mercedes-Benz technologies. These products deliver legendary quality, reliability and safety.
Fiberglass Water Transport Vessels: Passenger boats, Tour boats, Water ambulances, Commercial fishing boats, Catamaran (pontoon boats), Hovercrafts etc.
Boats can be customized for Ferrying (Passenger), Sightseeing, Patrol, Rescue, Water Ambulance, Diving, Cargo etc.
A wide range of general and customized fibreglass products for industrial and domestic applications will be produced for local use and export.
A Driver-Training facility equipped with state-of-the-art simulation facilities will be established.
Afrobas will also offer end-to-end marine industry consultancy, marine infrastructural development, maintenance and other 3rd-party services to key industries such as Oil and Gas, Shipping etc.
Tourism: Afrobas will leverage Ghana’s natural water resource endowments and international image as a tourism destination to establish and market an ultra-modern amusement park and planetarium.
This project also comes with the full complement of a shopping mall, staff residential facilities and other important infrastructure.
vAfrobas will work in close collaboration with Government of Ghana and other allied bodies to transform the entire transportation value chain.
AFRO BAS DEALERSHIP/MARKETING (AFRO BAS TRUCKS COMPANY LTD)
Afro Bas being a dealer/marketer for the Buses shall then be equipped to order 30 buses of the six (6) models to be assembled; two models for STC/VIP/GPRTU and four models for GPRTU/Metro Mass as well as other West African countries. We have plan in place to move to other West & Central African Countries. The USD $762 Million shall be used to set Afro Bas up in terms of offices four Regions of Ghana including the Plant site (Central Region) and enter into Alliance with qualified transport operators. We have planned to have offices/show rooms in Central (Head Office), Western, Ashanti and Great Accra Regions.
FINANCING FOR CLIENTS
The Alliance shall be a joint venture between our investor and a local bank(s)/Insurer(s) to offer credit services to the Transport operators; STC, VIP, MMT, GPRTU etc to keep the assembling plant and Afro Bas from the operation of clients ie revenue collection. The investor, Bank/Insurer and the transport operator shall form an alliance for the operation of Buses. There is already detailed work done on the operation of the Buses by the JV of investor, Bank/Insurer and operators and operation shall be done accordingly or with operator’s option subject to approval by investor. An investment funds has shown interest to be made available for interested transport operators with the local Bank(s)/Insurer(s) and shall be utilized accordingly per clients demand. These funds shall solely be utilized for the purpose of purchasing Buses/Trucks from the Assembling Plant only.
ASSEMBLING & FIBERGLASS PLANT
The Automobile Assembling & Fiberglass Plant (Afrobas Automobile & Fiberglass Plant Ltd) shall be situated in the Central, Greater Accra and Western Regions of Ghana. The automobile assembling shall be sited in the Central Region and the Fiberglass in the Greater Accra, Central and Western Regions. The assembling plant shall produce 5 buses daily on full production scale with 1,400 buses of the various models to be produce annually per demand per model. We also have future plans to venture into tyre and glass production since Ghana has the history already. This will reduce production cost. This we will achieve with our flexible financing and marketing strategy. Our target is to improve our passenger and agro products transportation in West Africa and beyond.
Ghana is already in 2 million housing deficit and it will only be prudent that we include an accommodation for our work force which shall be the backbone of our success. Mix housing shall be provided for our workers from high risers to an affordable Villa using light gauge metals housing system. We are going to provide housing for 550 staff and we are expecting more than 2,000 employees for our Transport project.
Daniel Ekow Adiku
Founder & Chairman