Atlas Development (AIM:ADSS), the Kenyan headquartered, African focussed support services and logistics company, is pleased to announce that it has been engaged to provide civil engineering supervisory, advanced life support, security and risk advisory services to a European and North African focussed oil and gas company operating in Western Sahara.

The agreement is in line with the Company’s strategy of leveraging its existing profitable operating platform and experience supplying international companies with critical support services and logistics in East Africa, to expand its geographic exposure and profile.

Atlas Development is continuing to pursue its objective of building a leading multi-divisional African support services business. In this regard, the Board has been focussed on implementing a defined growth strategy that includes geographic expansion and increasing capability.

Consequently, the Company has in recent months successfully expanded from Kenya and Ethiopia into Mozambique, Tanzania, Djibouti and now Western Sahara.

NAIROBI, Kenya, Dec 1 – Atlas Development and Support Services (ADSS) has decided to close their operations in Kenya and will now place its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation.

system ni ya majambazi

Listed at about 11 bobs, now at sub-2 bobs.

Wanjiko yawa is being shafted with gava, investment, crooks, fraudsters, manamba yawa

The firm offered 10 percent of its 393.9 million total issued shares for cross-listing on the NSE with price per share set at Sh11.50 with a minimum subscription of Sh1 million per investor.

The firm successfully raised Sh450 million (US$5 million) through a private placement to Kenyan investors after issuing 39 million shares offered solely in Kenya.