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CMC’s managing director unleashes fresh accusations

Oct 28th, 2011 | By | Category: Media Release

Embattled managing director of motor dealer CMC Holdings Mr William Lay has unearthed fresh accusations against the camp led by ousted chairman in an effort to gain support from shareholders ahead of an Extra Ordinary General Meeting next month.

Educate motorists and pedestrians on Thika superhighway, Kara advices

Oct 27th, 2011 | By | Category: General Information

THE Kenya Alliance Resident Associations has called on the government and the contractor working on Thika superhighway to resolve all environmental issues sorrounding the construction.

Firms cut off Thika Road face relocation

Oct 26th, 2011 | By | Category: General Information

Businesses that have been cut off by the construction of Thika Road will have to move after the government on Tuesday ruled out carving out access roads to the premises.

Ousted CMC chairman plots coup against rivals

Oct 26th, 2011 | By | Category: Media Release

Ousted CMC chairman Peter Muthoka has called an extraordinary general meeting he expects to settle recent boardroom wars in the motor company.A notice issued on Tuesday indicated that Mr Muthoka will use the meeting to seek shareholders’ approval to remove his rivals from the board and appoint replacements…..

One man’s tears over Thika Road expansion project

Oct 25th, 2011 | By | Category: General Information

John Kariuki Macharia watches broodingly as vehicles zoom by on the rehabilitated section of the Thika Super Highway, metres away from what he has called home for the last 15 years. He curses silently; wishing that he did not live close to the facility.

Weak shilling threatens to stall road projects, says PS …..

Oct 25th, 2011 | By | Category: Media Release

Ministry of roads has called for a crisis meeting with Treasury over the escalating cost of road construction as the effect of a weak shilling starts to emerge.This the Ministry roads permanent secretary, Mr Michael Kamau says is on realisation that the cost on some of the road projects currently going on have short up by over 35 per cent, far beyond the 15 per cent acceptable limit…

Weak shilling cuts second-hand car orders by 20pc

Oct 24th, 2011 | By | Category: Media Release

The weakening shilling has cut used car orders by 20 per cent in the eight months to August, taking the reality of currency woes to the doorsteps of auto dealers.Kenya National Bureau of Statistics data shows that sales of used cars stood at 33,073 units in the eight months to August compared to 39,790 sold in the same period a year earlier.

Dealers said the rising cost of used cars — which have risen by more than 30 per cent since the year began — has affected orders with rising inflation depressing purchasing power.

Chinese auto giant to invest Sh2b in assembling plant

Oct 24th, 2011 | By | Category: General Information

Fierce competition looms in the light and heavy commercial vehicle industry as a Chinese automaker announces plans to put up a local multibillion-shilling assembling plant.
First Automobile Works (FAW) has received the approval to start building a $20 million (Sh2 billion) motor-vehicle assembling plant at the Coastal city of Mombasa in February next year.

Two Vehicle Thieves Jailed for Five Years

Oct 24th, 2011 | By | Category: Car Crime & Theft

Two thieves have been sentenced to five years each by a Kerugoya court.

Herman Wanjohi and Nicholas Murimi were found guilty of stealing a lorry belonging to Samuel Maina by senior principal magistrate Hanna Ndung’u……

Oil marketers focus on depots to overcome supply hurdles

Oct 24th, 2011 | By | Category: Media Release

Kenya’s projection of long-term economic growth points to higher demand for petroleum products which has seen marketers seek larger storage capacity to enhance supplies and incomes. Local oil marketers said that storage inefficiencies resulting from ageing facilities at the Kenya Petroleum Refineries Limited (KPRL) and Kenya Pipeline Company’s (KPC) ineptness hamper supplies forcing them to raise prices…..