CMC Motors Group to Exit East Africa After Decades of Service
CMC Motors Group has announced plans to gradually shut down its operations in Kenya, Tanzania, and Uganda, marking the end of its long-standing presence in East Africa.
In a statement, the company assured that the closure process would comply fully 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,” the company stated.
The company has been a key player in East Africa for over 40 years, especially in the agricultural sector, where it provided mechanisation solutions, quality service, and reliable support to its customers.
“Over the past 40 years, CMC Motors Group has played a vital role in supporting East Africa’s agricultural sector,” the group noted.
Japanese Delegation Explores Opportunities in Kenya’s Special Economic Zones
Meanwhile, Kenya welcomed a high-profile delegation from Japan led by the Japan Ministry of Foreign Affairs. The delegation, which included representatives from 25 top Japanese companies, visited Tatu City, Kenya’s first operational mixed-use Special Economic Zone (SEZ), to explore investment opportunities.
The group of 40 executives represented various sectors such as manufacturing, technology, automotive, renewable energy, healthcare, agriculture, finance, and infrastructure. Their visit highlights Japan’s commitment to building economic partnerships aligned with Kenya’s development goals.
“Tatu City is honoured to host this distinguished delegation from Japan,” said Preston Mendenhall, Group COO of Rendeavour and Country Head of Tatu City. “As Kenya’s flagship Special Economic Zone and Rendeavour’s pioneer city in Africa, we provide a world-class platform for global businesses to thrive, with unparalleled infrastructure, streamlined processes, and a vibrant community. The interest from these leading Japanese corporations underscores the immense potential of SEZs in Kenya as gateways to regional and global markets.”
Tatsunori Ishida, Senior Regional Coordinator from Japan’s Ministry of Foreign Affairs, added, “Japanese companies are highly interested in doing business in Kenya. Indeed, Kenya is ranked number one among African countries in a survey of Japanese companies’ interest.”
