More than a name change, this is also a milestone that brings us closer to our ambition of sustainable growth, value chain integration, partnership with strong brands and innovation, consolidating our position as a leading automotive brand.”
He noted that despite the name change, the shareholders will remain the same.
The CFAO Managing Director explained that as part of their efforts to further expand their footprints in Uganda, the company will soon launch new business lines.
“We want to also go into second hand vehicles that our customers can buy. This way, we shall be able to buy back the brand-new vehicles sold to customers and resell them at affordable prices. We also want to ensure every customer enjoy great after sale services even if they didn’t buy cars from us,” Pelletier said.
He explained that the company which is also into importation and distribution of drugs to government’s National Medical Stores and private health facilities through Laborex will invest more in this line of business.
Pelletier said whereas the company has been using the CFAO name in West and Central Africa where they have a big base, in Uganda, they were using Toyota but noted it was high time they changed.
About CFAO
The Corporation For Africa and Overseas(CFAO) Motors Uganda is a subsidiary of CFAO Automotive, a division of the CFAO Group.
With a revenue of over €5.8 billion, access to 46 of the 54 countries in Africa, and nearly 21,000 employees, CFAO is a key player in mobility, healthcare, consumer goods, infrastructure and energy
