The investment hands CFAO near-total control of Kenya Vehicle Manufacturers and signals a fresh push to expand local vehicle assembly.
By
Victor Juma
Business Editor
Nation Media Group
CFAO Mobility Kenya has taken a controlling stake of 99.4 percent in Thika-based Kenya Vehicle Manufacturers (KVM) after investing Sh2.4 billion in the assembler.
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The three-year programme is aimed at supporting Kenya’s goal of becoming a regional automotive manufacturing hub.
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