Ethiopia and Africa

CEO Karol Zarajczyk: The Sole deal also covers sugar cane trailers and the construction of a tractor assembly plant in the country, according to Deutsche Welle. We hope that the bridgehead gained in Ethiopia will open the way for further expansion of Africa and it will guarantee dynamic development of the company for the next two to three years," he continued. It Ursus' third deal in Africa. "We believe that our currently realized contracts will facilitate negotiations with prospective partners because Ethiopia is the benchmark for other African countries," CEO Karol Zarajczyk said. Firms in Ethiopia have purchased over 3,000 tractors, paying a total of $120 million, with Sole buying the bulk - 2,400 machines - for $55 million. "The tractors will be produced in Poland, but assembled in Tanzania," Zarajczyk said. "We will employ about 200 people there," he continued, adding he was urging the Polish government to promote this kind of enterprise. Winning the tender is also a proof of the fact that a Polish brand is able to successfully compete on the international market," he went on. Mulling market entry in other African countries The company is carrying out negotiations in Angola, Tanzania and Nigeria, the CEO said. "During the next decade the average rate of increase in the development of African countries is predicted to reach annually even 7 percent," he said. "This will strengthen our position as a partner of African entrepreneurs. (news.financializer.com). As reported in the news.