Business Daily | by Joseph Wangui
Kenya’s only home-grown automaker, Mobius Motors, is facing financial difficulties that has seen it seek court protection from the Kenya Revenue Authority (KRA) tax demands that may force it to shut down.
The High Court has stopped KRA from demanding a Sh73 million tax from the firm due to the its financial constraints.
Since its launch in 2014, Mobius Motors has only produced less than 80 test vehicles and is among a number of African firms hoping for a slice of the continent’s largely underdeveloped market…
