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CHOBOS™ Profile picture
@SangKip4
May 10 • 13 tweets • 5 min read Twitter logo Read on Twitter
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DT Dobie, CFAO Motors merged in restructuring

#CFAOMotorsDrivesKenya @CFAOMotorsKenya @ToyotaCFAOKE

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Motor vehicle dealers DT Dobie and CFAO Motors Kenya (the seller of Toyota models) have merged their operations in a process that has resulted in job cuts as the combined business seeks to increase efficiencies and grow market share. ImageImage
The companies have been operating independently for a decade despite their common ownership. ImageImage
Japanese conglomerate Toyota Tsusho Corporation (TTC) acquired trading firm CFAO Group in December 2012, taking over its many subsidiaries in Africa including DT Dobie. ImageImage
TTC already owned Toyota Kenya (recently renamed CFAO Motors) separately ahead of the buyout. ImageImage
The motor vehicle dealerships in Kenya have now been merged to operate as CFAO Motors, with the former Toyota Kenya serving as the corporate head office and remaining with the business of selling its namesake Japanese vehicles including Prado models as well as Yamaha motorcycles. ImageImageImage
It has relinquished the Hino trucks and Suzuki passenger car dealership to the operations of what was formerly DT Dobie, expanding its multi-brand portfolio that includes Volkswagen and Mercedes. Image
A source familiar with the matter said the merger has resulted in an unspecified number of job losses, with the terminations occurring last month.
The merged entity will have a market share of nearly 30 percent, according to data from the Kenya Motor Vehicle Industry Association (KMIA).
This will make it the second-largest dealer by unit sales after Isuzu East Africa which has a 44.7 percent market share.
CFAO Motors (the former Toyota Kenya) sold 3,084 units last year, giving it a 23.1 percent stake in the overall new vehicle market.

DT Dobie on the other hand sold 772 units, earning a 5.8 percent market share.
The changes at CFAO Motors are the latest major development in the new vehicle market after rival CMC Motors announced it is exiting the passenger vehicle business to focus on agricultural equipment.
The decision will see it relinquish the Ford and Mazda dealerships to rivals.

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More from @SangKip4

CHOBOS™ Profile picture
May 12
Wealthy Kenyans and politicians will import helicopters and planes at cheaper prices after President William Ruto’s administration proposed to scrap three taxes on aircraft and parts.

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In the Finance Bill, 2023, the government proposes to exempt importers of aircraft, especially choppers, from paying the 16 percent Valued Added Tax (VAT) while scrapping the 3.5 percent import declaration fee (IDF) and the two percent Railway Development Levy (RDL).
"The major beneficiaries are buyers of aircraft not exceeding 2,000 kilogrammes and helicopters of less than two tonnes and aircraft of more than 2,000 kilogrammes,” said Robert Waruiru, a partner in charge of tax and regulatory at Ichiban Tax & Business Advisory.
Read 11 tweets
CHOBOS™ Profile picture
May 11
POLITE REMINDER DASHBOARD SIGNS AND TO THEIR MEANING

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Read 6 tweets
CHOBOS™ Profile picture
May 10
Uganda has announced the start of construction of the Standard Gauge Railway (SGR) in August, in a decision that revives hope for the extension of Kenya’s Sh327 billion project whose viability was dependent on the Ugandan section.

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Uganda says it has secured funds from the Standard Chartered Bank with a Turkish company getting the contract to construct the railway line after Kampala failed to get the money from China.
Earlier, Uganda was looking at China Exim Bank for funds to construct their section of the Malaba-Kampala railway under the northern corridor project that required all the member states to put up a modern railway line in their respective States.
Read 9 tweets
CHOBOS™ Profile picture
Feb 20
Nitawai Jenga kweli? Construction cost rises on reduced supply of materials

Thread....
The cost of construction rose last year, due to the high prices of input materials on the back of higher inflation and the global supply chain disruptions from the Russia-Ukraine war.
An Integrum Construction Project Managers’ Report showed that construction costs ranged between Sh34,650 to Sh77,500 per square metre last year.
Read 13 tweets
CHOBOS™ Profile picture
Feb 20
Local car assemblers have received Sh28 billion in tax waivers in four years, helping them to ramp up production.

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A new report from the Treasury shows that tax expenditure or the value of revenue foregone by the government due to tax reliefs on locally assembled vehicles has increased since 2017 tied to government policies.
Excise duty expenditure for locally assembled motor vehicles jumped by 65 percent from five years ago to Sh7.6 billion in 2021, reflecting a favourable tax regime for manufacturers.
Read 8 tweets
CHOBOS™ Profile picture
Feb 18
Twitter Blue is an opt-in, paid subscription that adds a blue checkmark to your account and offers early access to select features, like Edit Tweet. Subscribe now with localized pricing starting at $8/month or $84/year in available countries to get the blue checkmark

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All Twitter Blue features will be available immediately except the blue checkmark, which will appear on eligible profiles after a review to ensure subscribed accounts meet all eligibility criteria.
Until now, Twitter used the blue checkmark to indicate active, notable, and authentic accounts of public interest that Twitter had independently verified based on certain requirements.
Read 8 tweets

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