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.

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 Friday, January 17, 2025, announced its decision to gradually wind down operations in Kenya,

CMC Motors has announced that it is winding down operations and will eventually exit the Kenya, Tanzania and Uganda markets.  This, the firm said, follows sustained market challenges "including economic pressures,

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.

Kenya is exploring a partnership with the United Arab Emirates to extend its Standard Gauge Railway line to Uganda, aiming to enhance regional connectivity.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

CMC Motors Group has announced its decision to wind down operations in Kenya, Tanzania, and Uganda, ending over 40 years of business in the region.

Deputy President Kithure Kindiki has said that the upgrading of the Suam One Stop Border Post (OSBP) will boost trade between Kenya-Uganda. Speaking on Tuesday Kindiki said that Uganda continues to be Kenya's biggest trading partner regionally.

A Ugandan military tribunal, a self-referred 'court martial', added the charge of 'treachery' against Ugandan ex-opposition leader, Kizza Besigye, and his aide Hajji Obeide Lutale. The tribunal

Kenya has started discussions with the United Arab Emirates to secure financing to complete a regional railway, President William Ruto said, after China cut infrastructure funding to the project.

Muhoozi Kainerugaba - Uganda's ambitious tweeting general Critics have taken ... In 2022, he made headlines for discussing an invasion of neighbouring Kenya, a comment that forced his father to step in and apologise. Gen Kainerugaba's recent post ...

Set to make their seventh appearance at the finals, the TotalEnergies CAF CHAN is a familiar tournament to the Uganda Cranes, but they are yet to make a good impression at the fin