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Kenya

CFAO Mobility Kenya takes controlling stake in Kenya Vehicle Manufacturers

On June 8, multiple sources reported that CFAO Mobility Kenya has taken a controlling stake of 99.4% in Kenya Vehicle Manufacturers (KVM). CFAR invested KES 2.4 billion into the assembler. The government and CMC Holdings now hold 0.3% each. KVM recently launched a new Toyota Hiace assembly line. CFAO intends to posit....

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