Buyer steps in for Kenya’s Mobius Motors following shutdown notice

Just a week after Mobius Motors, the Kenyan automaker with financial backing from Playfair Capital, announced its closure, the company has received a lifeline in the form of an acquisition proposal from an as-yet-unnamed buyer. Nicolas Guibert, a director at Mobius, issued a statement indicating that on August 14, the company agreed to an offer … Continue reading Buyer steps in for Kenya’s Mobius Motors following shutdown notice