CMC Motors Group has announced its decision to cease all its operations in Kenya and two other countries which will result in mass job losses. The Group on January 17, announced its decision to gradually wind down operations in Kenya,
Former Uganda international Hassan Wasswa (36) has backed his country and Kenya to defy the odds and come out of The post 2024 CHAN: Kenya, Uganda will make it from their groups – Wasswa first appeared on Africa Top Sports.
CMC Motors Group, one of the oldest dealers in motor vehicles in East Africa, has announced it is ceasing operations in Uganda, Kenya and Tanzania. The Company, originally known for the distribution of Ford,
The group explained that the move follows a comprehensive evaluation of the business, driven by persistent market challenges.
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With $104 billion in Gross Domestic Product, Kenya’s economy is the largest in the East African region. It is also the most diversified and broad-based. Between 2007 and 2022, it expanded at an average annual growth rate of 4.8 per cent.
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CMC Motors Group has announced plans to gradually wind down its operations in Kenya, Tanzania and Uganda, marking the end of an era for the company in East Africa. In a statement, the group assured that the decision to cease operations will be executed in full compliance with local regulations and distributorship agreements.
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Regional motor vehicle dealer, CMC Motors Group has said it will gradually wind down operations in Uganda, Kenya, and Tanzania due to sustained market challenges.
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