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Tough going leaves only one listed auto firm on the bourse

Vijay Gidoomal (left) Group Managing Director,Car&General shake hands with Gino Butera,Vice President and Managing Director-Africa Middle East

As the Kenyan middle class continues to grow, according to recent reports, statistics show that the number of vehicles on the roads has also increased. Despite this growth, however, the vehicle industry is hurting.

Car & General, the only remaining auto firm that is listed on Nairobi Securities Exchange (NSE) shares this fate. Its fortunes have been on a downward trend.

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