Learn more

Kenya’s Mobius Motors announced on Thursday that it has accepted a takeover bid from an undisclosed buyer, avoiding voluntary liquidation. Mobius Motors has accepted a takeover bid from an undisclosed buyer to avoid voluntary liquidation.The transaction is expected to be closed within 30 days, with no details on the buyer or financial terms disclosed.The company, known for producing affordable SUVs tailored to Africa’s challenging road conditions, faced challenges with debt, high taxes, and tax hikes in Kenya.Kenya’s Mobius Motors, announced on Thursday that it has accepted a takeover bid from…

cuu