CMC Motors Group has quit the Kenyan, Ugandan and Tanzanian markets, citing economic challenges, including high operating costs The company is one of the largest car assemblers in Kenya and has ...

while shares in trading companies CMC Markets and IG Group tumbled after results. FTSE 100 rises to near record levels; CMC Markets tumbles Marketscategory· January 23, 2025 British online ...

and rising operational costs,” said the company. Over the past 40 years, CMC Motors Group has played a vital role in supporting East Africa’s agricultural sector through the delivery of ...

The group explained that the move follows a comprehensive evaluation of the business, driven by persistent market challenges.

Associated British Foods (ABF), IG Group (IGG), Mortgage Advice Bureau (MAB1), CMC Markets (CMCX), Harbour Energy (HBR), Energean (ENOG), THG ... with 2024 sales rising over 60 per cent to $6.1bn ...

CMC Motors Group was acquired by Dubai-based Al-Futtaim Auto & Machinery in 2014 for Kshs 7.5 billion (Shs 212.7bn). The acquisition marked the end of a turbulent period for the company ...

To remove the impact of the annual seasonality that CMC experiences, I have charted rolling TTM revenue for each business group, you can see that the North American Steel Group TTM revenue has ...

"The company is committed to supporting its employees ... Its exit markes the end of over 40 years of operations in the region. CMC Motors Group is owned by CMC Holdings Ltd and was acquired ...

“CMC Motors Group has decided to gradually wind down operations in full compliance with local regulations and distributorship agreements,” said the company in a statement. It emphasised that ...

Regional motor vehicle dealer, CMC Motors Group has said it will gradually ... decision had come after a “thorough evaluation of the business in light of sustained market challenges, including ...