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BREAKING NEWS: Cooper Motors shuts down operations in Uganda, other East African countries 

Cooper Motors headquarters in Uganda

Cooper Motors Corporation (CMC) Holdings, the parent company of CMC (Uganda) Limited has announced its decision to gradually wind down operations in Uganda, Kenya and Tanzania, in full compliance with local regulations and distributorship agreements. Cooper Motors was acquired by the Al-Futtaim Group in 2014 and has other trading subsidiaries owned by CMC Holdings Ltd including: CMC Motors Group Limited (Kenya) Ltd. Hughes Motors (Tanzania) Ltd, Kenya Vehicle Manufacturers Ltd (33% Shareholding). The motor company was a leading player in the East African motor industry with exclusive distribution of New Holland tractors with an extensive range of farming implements from…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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