Page 2 - Newsletter

Milestones

1. Mitini Scapes Launch
a. Increase in Authorized share Capital of the
The Kshs. 1 Billion project, Mitini Scapes, that is located
Company from Kenya Shillings Five Hundred
within the 774 Acre project, Migaa Golf Estate, was
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officially launched on 20 February 2016. The ceremony Million (Kshs. 500,000,000) to Kenya Shillings
One Billion (Kshs. 1,000,000,000).
was presided over by the Kiambu County Deputy

Governor. H.E. Gerald Githinji.
b. Listing of the Additional Shares on the Growth
Enterprise Market Segment of the Nairobi
Securities Exchange.

c. Raising Additional Capital through

identification and negotiation with suitable
investors to raise a maximum of Kenya Shillings

Five Billion (Kshs. 5,000,000,000) by way of debt
capital through the offer and issuance of
convertible debt instruments to investors.

2. A New Board of Directors

The Company got a new Board of Directors on the

retirement of some board members. The new Board
members are:

Linus Gitahi (Chairman) Peter Nduati

Rachel Mbai Caroline Kigen

3. Annual General Meeting

The Home Afrika Limited’s Annual General Meeting was
held at the Kenya Institute of Curriculum Development,
th
Nairobi on Thursday, 30 June 2016. The shareholders
also passed three special business agenda items: