- Add new comment
- 1783 views
Hundreds of Kenyans who invested their money in a United Kingdom firm are now living in fear after the company allegedly went 'missing.'
The investors, who purchased shares of Atlas African Industries said they are unable to track the performance of the company after its website, the only means it communicated with shareholders, collapsed.
The company used the website as the sole means of communication with shareholders since Nairobi Securities Exchange (NSE) and the London Stock Exchange stopped it from trading shares on their platform. The firm then closed its operations in Kenya and moved to the neighbouring Ethiopia.
Capital Markets Authority (CMA), a firm that legally protects interests of investors said it will launch investigations into the company over the information blackout. “That is something we will be engaging the company on,” said CMA chief executive Paul Muthaura.
Atlas' advisors in Kenya, Burbidge Capital, attributed the collapse of the website to “technical issues.” “We have informed them (Atlas) and they are fixing that. It is just an issue with the domain and we will let you know as soon as they are back on,” said an official at Burbidge Capital.
Atlas African industries focuses on support services in the oil and gas industry.
Comments
THERE GOES THAT KENYAN MAN EAT MAN CORRUPTION IN FULL DISPLAY.
British company? I am sure they had a big picture of a mzungu on the website and as usual Kenyans with their cooning behaviour, leak white mans butt mentality is all they needed to open their wallets. No need to authenticate, nope, its white so its good. Wake up people!
So true!
Very true bratha mugi.Even Jesus who is white was brot to them n started worshipping him as their saviour abandoning their gods which worked for them before this white Jesus was introduced n installed in them!No wonder mr trump called us shitholes Africans??Wr idiots believing that everything west or white is the best.Parents sending their kids to foreign urniversities coz they think they will differently succeed in life???Some Africans getting married to whites thinking they have status in them???Wr so idiots such that even when u go to shop ur shopping fubu,Nike,adidas, Coz itsforeign instead of buying Kenyan made goods!Truly Wr shitholes Africans??
Now you have a problem with parents sending their kids for further studies in foreign countries???
You're a perfect example of a kenyan who embodies the desire to tear fellow kenyans down. You're envious of kenyans in the diaspora and pretend to dish out advice but the truth is you're secretly wishing failure on diaspora guys.
I know your kind, deported or denied a visa the umpteenth time.
Mbossi we!
Jesus was never white. Even those of us who are Christian know that. The representation of Jesus as whitebfrom Eurocentric missionaries doea not stop Africans from adopting a more afrocentric image of our Lord.
And may be your real name is from the whites too.
Kenyans are thieves, and while I used to run away from Nigerians in the US, now I run away from them. Kenyans are crafty, and they have read Kenyans' minds to the extent that they will use the clergy like in Gakuyo Real Estate, use HDND characters like Optiven to reach out their tentacles to fools living as far as USA and UK. Just wait for another 3 years, and the bomb will explode to those who bought fraudulently suspect plots or houses. These conmen knows that you will have to wait until about 3 years or so, before you either complete payments, or a title deed. There was another fraudulent company called I think FEB or something like that. What happened? Went under and underground. Another company owned by a white man from Texas received millions of dollars from unsuspecting diasporans to build cheap homes in Kenya. People went hayware with their ma double dollars. What happened? Went under. Kenyans, if you can, gather your loot, come to Jamhuri and do something with it after making thorough consultation and research. Do not trust your your wife that you left behind, father, mother, brother or sisters, or even relatives and friends. Out of ten of them, one or one and a half are trustworthy, or even non at all. Use your discretion to do the right thing, and the right thing is to trust yourself.
Nooooo .. please tell me it ain't so. Not Optiven. I have invested heavily with them in the last 2 years.
@IdaVethi. Asante sana kwa mawaidha yako. Nakuheshimu sana na pia nakushukuru sana. Kwa kumalizia, umesema haya: "Do not trust the wife that you left behind, father, mother, brother or sisters, or even relatives and friends. Out of ten of them, one or one and a half are trustworthy, or even non at all. Use your discretion to do the right thing, and the right thing is to trust yourself."
The company funded Jubilee's campaigns. Jubilee is having hard time dealing with the elephant in the room. We cannot even give jobs to everyone that we promised. Siasa inwenyewe.