@Pesa Nane, add this to the flood of TOO much good news on Centum
Centum Associate, General Motors retains leading market share of motor vehicle sales
General Motors East Africa has retained the leading market share of brand new motor vehicle sales in Kenya. Data of motor vehicle sales for the 8 months to August 2013 show that General Motors sold 2,415 units equivalent to a 26.0% market share. The unit sales rose 8.2% y/y from a similar period in 2012. General Motors East Africa is an associate company of listed company Centum Investment through a 17.8% stake. It locally assembles commercial vehicles that it sells locally and in regional export markets including Uganda, Tanzania, Rwanda, Burundi and DRC. Listed automotive company CMC Motors recorded the 5th largest market share of motor vehicle sales at 9.0% through the sale of 791 units. CMC Motors has received a take-over offer from Dubai-based Al-Futtaim Auto & Machinery Company LLC for 100.0% of the ordinary shares in CMC Motors. Among conditions for the take-over offer are the passing of a special resolution by shareholders of CMC Motors to de-list the company from the NSE. (Source; Business Daily, Kestrel Research)