Nairobi, 17th January 2025 – CMC Motors Group has announced its decision to gradually wind down operations 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.
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.
Who are CMC Motors?
CMC Motors Group Ltd is owned by CMC Holdings Ltd and was acquired by the Al-Futtaim Group in 2014. Other trading subsidiaries owned by CMC Holdings Ltd. include Cooper Motor Corporation (Uganda) Ltd. Hughes Motors (Tanzania) Ltd. Kenya Vehicle Manufacturers Ltd. (33% shareholding).
