Car & General treated the Public Listed Companies’ Minority Shareholders Association of Kenya to an engagement trip to Nakuru County. The association was registered by the Registrar of Societies in December 2024 under Section 10 of the Societies Act.
In Nakuru, the team visited the C&G’s TVS motorcycles assembly plant. The plant, with a capacity of 180 bikes per day, was established in 2013 to boost localization, a key pillar of Kenya’s industrialization strategy.
They then visited the expansive and beautiful Lake Nakuru National Park, home to the big five, save the elephant, and a variety of birds. The park is, as they say on their website, ‘a uniquely rewarding game-viewing destination and a successful sanctuary for both the endangered black rhinos and white rhinos.’
The Minority shareholders association was established to empower smaller investors and promote good corporate governance. It provides a platform for collective action, helps protect against unfair practices by majority shareholders, and promotes a more inclusive investment environment in Kenya.
Speaking at the event, Aloise Chami, the Chairman of the association said, “Our association is dedicated to ensuring that the voice of the minority shareholders is heard. We are grateful to Car & General to be open to this engagement.”
On his part, Raphael Atanda, the Communications Manager at Car & General said, “C&G understands the importance of positive stakeholder engagement to the group’s sustainability. We endeavour to listen to all groups that are part of C&G’s eco-system.”
Car & General is a diversified distributor of motorcycles, three wheelers, tractors, forklifts, generators, earthmovers among other equipment in East Africa.
