Archive for March 2012

CMC closes

Mar 29th, 2012 | By | Category: Media Release

CMC is the official appointed dealer for Volkswagen in Kenya, with Mr Forster and his partners said to be importing the buses directly from Brazil. Sources add that Multiple Hauliers East Africa, a transport company, last year stopped buying MAN heavy commercial trucks from CMC and started ordering directly from manufacturers.


Declined licences renewal

Mar 28th, 2012 | By | Category: Media Release

UAP Life Assurance and Capex Life Assurance confirmed that they had regulatory issues to settle and were hoping to have received approvals in a month’s time.

The licence of UAP’s sister company, UAP Insurance Company which does general business, was renewed. UAP is eyeing listing on the Nairobi Securities Exchange this year.


Snatched Sh1.4b vehicle contract.

Mar 26th, 2012 | By | Category: Media Release

The Government has allocated Sh1.4 billion for the purchase of a fresh fleet to bolster security operations. he acquisition aims to improve and widen security patrols in the wake of Somali militia Al Shabaab attacks, and to prepare for the election. It is understood that at least Sh1 billion is being spent on the China-made station wagons, single and at least a dozen lorries to be deployed to the departments.


CMC Offshore accounts.

Mar 23rd, 2012 | By | Category: Media Release

Available documents indicate an invoice dated October 17, and numbered PML0016-011/PNK sent to CMC Group Limited showing that 50 Land Rover pick-ups were sold to the Ministry of Internal Security and Provincial Administration, through Pewin Motors Ltd, the agents for CMC Group. The deal earned Pewin Motors, whose chairman is one Peter Kirigua, formerly working for automaker DT Dobie, Sh11.7 million in commission. In yet another transaction, Pewin Motors was paid Sh2.8 million in agency commission for sale of 16 Ford Ranger double cabins to the Ministry of Education, through a Local Purchase Order (LPO) No 1032932.


Giant shoes

Mar 21st, 2012 | By | Category: General Information

One year since the launch of the NP200 in South Africa, the car has finally arrived in Kenya.


Car Rolls…NTV Cameraman Injured

Mar 19th, 2012 | By | Category: General Information

Long serving NTV Cameraman was involved in a near fatal accident along the Malindi Lamu highway..


Modern Coast Manager Resigns

Mar 19th, 2012 | By | Category: Media Release

Osman is the man who was managing the Modern Coast Bus Company fleet of buses after he was appointed by the C.E.O. Mr. Shahid Butt…Osman resigned after their relationship with Shahid reached breaking point. Now that the man behind all that has quit MCBC and launched Spanish Bus, will the war be between MCBC and Spanish?Watch this space!!!


Driving Safely

Mar 16th, 2012 | By | Category: General Information

Number of incidents and accidents that occur when drivers become distracted. But the best advice is to avoid distractions whenever possible.


Change of tack in CMC saga

Mar 16th, 2012 | By | Category: Media Release

Kung’u Gatabaki, who chairs the board of the Capital Markets Authority (CMA), has disowned the reconstituted team, arguing that his directive to have five CMC nominees sit in the new board was to be executed by consensus – not through forceful expulsion based on boardroom voting power.


Higher costs hit personal car sales.

Mar 15th, 2012 | By | Category: General Information

“The sales dropped towards the end of the year due to the exchange rate, which was a big contributor and also as a result of interest rates going up.
“Most clients were not willing to take up financing,” said Frank Okemwa, business and development manager at Kenya Car Bazaar.