Page 5 - Simba Corp News Today

Mahindra Group chairperson and Padma awardee Anand Mahindra informed Twitter users about Nairobi making Scorpio a part of their Police Service team fleet.

One of the biggest mergers in the past three years in Kenya has been what created NCBA Bank, whose swift growth has made it the lender to watch.

New motor vehicle sales increased 30.2 percent to 12,750 units in the 11 months to November, up from 9,792 units a year earlier.

Somba Corp's partnership with the National Police enables leasing of brand new vehicles of international standards to aid in service delivery

NCBA's customer deposits closed at Ksh. 447 billion, 11% up year on year while operating income posted Ksh. 36 billion, 10% compared to 2020.

The X70 is Proton's first sport utility vehicle (SUV), and was launched at the end of 2018.

The patriarch made his fortune through Simba Corp, a business conglomerate cutting across key sectors of the economy, including motor assembly.

New motor vehicle sales rose 31.5 percent to 10,044 units in the nine months ended September, with commercial vehicle dealers benefiting the most from the increased demand.

Proton Holdings Bhd sold 11,873 units to customers in February 2021, nearly double the 5,964 units sold in the month earlier. The carmaker also saw a 19.9% increase in sales volume from February 2020. Overall, however, total sales for the first two months of the year were still 643 units or 3.5% behind last year’s cumulative total as of the same period, it said in a statement today.

Car Dealers Suffer as Broke Kenyans Shun New Vehicles A used cars yard. File Car dealers in Kenya are facing tough times after the sale of new cars for the year 2020 hit a three year low. A report by Kenya Motor Industry Association released on January 20, 2021, revealed that new car sales in the country dropped by 14.6 per cent. Almost all dealers registered low sales including the largest players in Kenyas vehicle industry. KMI stated that the low sales resulted from the adversities of the...