Sales of New luxury car dealers fall 22pc
New luxury car dealers saw their sales fall 22.2 percent in the nine months ended September, with demand for BMW and Mercedes models declining the most.
Source: businessdailyafrica.com
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Kenya disowns port deal promises made to Dubai
DP World said the Kenyan government had promised to issue a request for a commercial proposal for the port deals before the election.
Source: businessdailyafrica.com
PVR Rao: 'The unwilling suitor' in Mumias revival union
He was appointed by KCB Group as the receiver-manager of Mumias Sugar in 2019 after the miller failed to pay its debt running into millions.
Source: businessdailyafrica.com
Receiver managers turning hangmen for struggling firms
Government receiver Mark Gakuru said there are rising cases where company owners obtain court injunctions just to stall the process as they strip company assets during which litigation drags in...
Source: businessdailyafrica.com
Multiple Hauliers Loses Porsche Dealership In Kenya -
Porsche Nairobi [PHOTO/ COURTESY] Multiple Hauliers, the company that owns Porsche Centre Nairobi has lost dealership for the luxury Germany car, Porsche. The contract termination will be effected end of January 2021, and the Porsche Centre Nairobi will completely seize from offering parts and service to clients in March 2021. Porsche AG, which owns the franchise, is expected to transfer the dealership to a new entrant in the market, which has been shaky due to the reduced demand of luxury cars. The dealership sold 125 units within the first eight months after the franchise was opened in 2014...
Source: kahawatungu.com