CORPORATE NEWS FROM KENYA

KEN KOBIL SUSPENDED AT STOCK MARKET.

Ken Kobil plc, one of the very active equities listed on the Nairobi Securities Exchange has been suspended from trading till March 11, 2019.

According to an official notice released by the Exchange, the suspension was requested by the Capital Market Authority of Kenya because of take over offer from Rubis Ebergie SAS to Ken Kobil.

Ken Kobil is quoted in the Energy and Petroleum sector of the market and until its suspension, was one of the five traded virtually on daily basis in the sector.

The other very active ones are Ken Gen; Kenya Power & Lighting; Total Kenya and Uganda based Umeme ltd.

NEW CEO FOR SASINI PLC

From March 1, 2019 a new Group Managing Director in the person of Mr Martin R Ochien'g will take over at Sasini PLC, an agric company quoted on the Nairobi stock market.

According to formal notice from Sasini board of directors, the new CEO brings to bear 25 years experience in international trade and business management.

His career spans stints with 3M Healthcare; Warner/Pfizer Inc then South Africa in 1997 as Pfizer's Head of Marketing, Sub Saharan Africa.

It also includes stints at KWV International; Tyco International as marketing director and as CEO at different times of GHM South Africa and SGA Kenya.

He holds MBA in strategic marketing and management from Oxford Brooke's University, England and first class Bsc honours from Moi University.

SAFARICOM NEW INDEPENDENT DIRECTOR.

A new independent non-executive director has been appointed for Safaricom PLC in the person of Mrs Rose Ogega.

According to formal notice by company Secretary Kathryne Muandu, the appointment was approved at board meeting held on February 12 2019 and took effect from the same day.

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