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    Wednesday, December 4

    Toyota dealer raises stake in Kenya’s local vehicle assembly firm

    Muthoga MunganiaBy Featured No Comments2 Mins Read
    © DR

    Toyota’s dealer in Kenya, CFAO Motors has received the okay from the Competition Authority of Kenya (CAK) to make an additional investment in Kenya Vehicle Manufacturers (KVM) Limited through a subscription for more shares. CFAO currently owns a 32.5 per cent stake in KVM and the new investment will raise the stake to 98 per...

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    Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.

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