Mobius shuts down after 13-year journey

Mobius

Mobius Motors showroom in Nairobi.

Photo credit: File | Nation Media Group

Kenya's only home-grown automaker, Mobius Motors Kenya, is shutting down operations, ending its 13-year journey amidst mounting debts and a multi-million shilling tax dispute.

The company said in a release on Tuesday morning that shareholders at a meeting held on August 5 resolved to liquidate the company.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.