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By Isaac OGANGA
CMC Motors Group has announced its decision to gradually wind down perations in Kenya, Tanzania, and Uganda in full compliance with local regulations and distributorship agreements.
“This decision follows a thorough evaluation of the business in light of sustained market challenges, including economic pressures, currency depreciation, and rising operational costs,” said the firm.
Over the past 40 years, CMC Motors Group has played a vital role in supporting East Africa’s
agricultural sector through the delivery of quality service, mechanization solutions, and steadfast
support to its customers.
However, despite restructuring efforts and a transformation program initiated in 2023, the market conditions have not provided a sustainable path forward.
The company is committed to supporting its employees during this transition and will ensure a
smooth and orderly wind-down in adherence to all relevant agreements and regulations.