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CMC Motors Group shuts down operations in Kenya, Tanzania, and Uganda due to economic pressures.
CMC Motors Group, a major player in East Africa's agricultural and automotive sectors, is shutting down its operations in Kenya, Tanzania, and Uganda due to economic pressures, currency depreciation, and rising operational costs.
The company, active for over 40 years, will wind down gradually, supporting employees and adhering to local regulations.
This move is expected to significantly impact the region's agricultural sector.
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CMC Motors Group cierra operaciones en Kenia, Tanzania y Uganda debido a las presiones económicas.