{"id":3142,"date":"2015-07-14T00:00:39","date_gmt":"2015-07-14T00:00:39","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=3142"},"modified":"2015-07-13T21:34:11","modified_gmt":"2015-07-13T21:34:11","slug":"africa-alliance-asset-management-acquires-ownership-atlas-development","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/africa-alliance-asset-management-acquires-ownership-atlas-development\/","title":{"rendered":"Africa Alliance Asset Management acquires more ownership of Atlas Development"},"content":{"rendered":"<p>Investment banking group African Alliance Asset Management is interested in buying over 26.6 million shares of the Kenyan headquartered African focussed support services and logistics company Atlas Development according to a statement from Atlas CEO Carl Esprey.<\/p>\n<p>Africa Alliance already has 4.2 million shares in Atlas Development and the acquisition of 5.47 percent of the issued share capital and voting rights of the Company would give it more control of the only <a href=\"http:\/\/ow.ly\/PyXch%20\">listed<\/a> company in the Nairobi Bourse serving the nascent oil and gas in the region.<\/p>\n<p>Africa Alliance which was voted the best research house last year by EuroMoney Africa research Survey has skills and experience in the sector through its involvement in energy and minerals as well as Asset management<\/p>\n<p>The 5.47 percent\u00a0 ownership makes Africa Alliance the fifth largest shareholder after US Global Investors Fund with 15.59 percent, Beyond Africa Fund Limited with 13.66 percent, Michael Pelham with 7.62 percent and Green Cay Asset Management with 5.69 percent.<\/p>\n<p>Other shareholders holding more than 3 percent include Sustainable Capital Ltd 4.82 percent and JM Finn &amp; Co Limited with 3.99.<\/p>\n<p>Africa Alliance currently has assets under management of US$ 1 billion (as at 30 June 2011) with its clients including governments, parastatals, pension and endowment funds, corporate institutions and non-government organizations.<\/p>\n<p>The business with its offices in South Africa\u00a0 offers its products in Botswana, Kenya, Uganda and Lesotho.<\/p>\n<p>Atlas Support has its headquarters in Nairobi but is also active in numerous other jurisdictions including Tanzania, Mozambique, South Sudan, Uganda, Somaliland, Madagascar and more recently <a href=\"http:\/\/ow.ly\/PyXAh%20\">Western Sahara<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment banking group African Alliance Asset Management is interested in buying over 26.6 million shares of the Kenyan headquartered African focussed support services and logistics company Atlas Development according to &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/africa-alliance-asset-management-acquires-ownership-atlas-development\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[3409,3411,3410,3413,3415,3417,1252,3414,1669,3416,2603,3412],"class_list":["post-3142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-africa-alliance","tag-asset-management","tag-atlas-development","tag-beyond-africa-fund-limited","tag-green-cay-asset-management","tag-jm-finn-co-limited","tag-kenya","tag-michael-pelham","tag-nairobi-securities-exchange","tag-sustainable-capital-ltd","tag-uganda","tag-us-global-investors-fund","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Atlas-Development-2.png?fit=389%2C423&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-OG","jetpack-related-posts":[{"id":2190,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-support-services-lists-on-the-nairobi-securities-exchange\/","url_meta":{"origin":3142,"position":0},"title":"Atlas Development &#038; Support Services lists on the Nairobi Securities Exchange","author":"Samuel Kamau Mbote","date":"December 17, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Nairobi-headquartered support services and logistics company Atlas Development & Support Services (ADSS or Atlas cross listed on the Growth Enterprise Market Segment ('GEMS') of the Nairobi Securities Exchange, having successfully raised KES 450 million (US$5 million) through a private placement to Kenyan investors. According to Atlas CEO Carl\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":2078,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-and-support-solutions-expects-kenyan-listing-by-mid-december\/","url_meta":{"origin":3142,"position":1},"title":"Atlas Development and Support Solutions expects Kenyan listing by mid December","author":"Samuel Kamau Mbote","date":"November 24, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Oil and gas solutions services provider Atlas Development and Support Solutions has said it expects a dual listing on the Growth Enterprise Market Segment ('GEMS') of the Nairobi bourse by December 15th as it continues with the last stages of discussions with According to the chief executive officer\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/nse-1.jpg?fit=595%2C300&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/nse-1.jpg?fit=595%2C300&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/nse-1.jpg?fit=595%2C300&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":2112,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-secures-first-contract-in-mozambique\/","url_meta":{"origin":3142,"position":2},"title":"Atlas Development secures first contract in Mozambique","author":"Samuel Kamau Mbote","date":"December 3, 2014","format":false,"excerpt":"African focused support services and Logistics Company Atlas Development & Support Services Limited has announced that, in line with its expansion strategy for East Africa, it has been awarded its first support services contract in Mozambique. The agreement, with an international oil company, underlines Atlas Development's increasing penetration into the\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/atlas-logistics.png?fit=389%2C260&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2006,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-oilfield-logistics-limited-rebrands-to-atlas-development-support-services-limited\/","url_meta":{"origin":3142,"position":3},"title":"African Oilfield Logistics Limited rebrands to Atlas Development &#038; Support Services Limited","author":"Samuel Kamau Mbote","date":"November 6, 2014","format":false,"excerpt":"African focused support services and Logistics Company formerly known as Africa Oilfield Logistics Limited announces that it has completed its change of name to Atlas Development & Support Services Limited and effective 28th October. This follows the acquisition of the entire issued share capital of Ardan Logistics Kenya Limited by\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/atlas.png?fit=509%2C322&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3161,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-support-services-anticipates-h1-pre-tax-losses-2-5m\/","url_meta":{"origin":3142,"position":4},"title":"Atlas Development &#038; Support Services anticipates H1 pre-tax losses of $2.5m","author":"","date":"July 17, 2015","format":false,"excerpt":"The Kenyan headquartered, African focused support services and logistics company Atlas Development has said the H1 pre-tax losses anticipated is\u00a0$2.5m from an expected turnover of US$11.0m in its latest six month period to 30 June 2015. \u00a0 Atlas attributes the loss to a slowdown in oil exploration in the regions\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/atlas-logistics.png?fit=389%2C260&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4036,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-in-joint-venture-partnership-with-ethiopias-orchid-business-group\/","url_meta":{"origin":3142,"position":5},"title":"Atlas Development in Joint Venture Partnership with Ethiopia\u2019s Orchid Business Group","author":"","date":"November 3, 2015","format":false,"excerpt":"AIM and NSE listed Support services and logistics company Atlas Development has announced that it has established an Ethiopian joint venture company with Orchid Business Group PLC (Orchid), a prominent Ethiopian infrastructure, construction & logistics company, to provide industry leading international standard services in Ethiopia. According to Atlas this significant\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/atlas.png?fit=509%2C322&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=3142"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3142\/revisions"}],"predecessor-version":[{"id":3144,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3142\/revisions\/3144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/2754"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=3142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=3142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=3142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}