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GAZETTE NOTICE NO. 9616
GAZETTE NOTICE NO. 9616
THE TRANSFER OF BUSINESS ACT
(Cap. 500)
TRANSFER
NOTICE is given under the Transfer of Business Act that certain
assets (collectively the “acquired assets”) in the following locations in
Kenya: (i) Namba Kolo, Migori; (ii) Oltoruto, Narok; (iii) Olenarau,
Kajiado; (iv) Entesopia, Kajiado; (v) Enkoreroi, Kajiado; (vi) Marti,
Samburu; (vii) Opiroi, Samburu; (viii) Barsaloi, Samburu; and (ix)
Merile, Marsabit owned and held by African Impact Ventures LLC, a
Washington limited liability company registered as a foreign company
in Kenya (“Transferor”) and carrying on the business of solar powered
electricity generation thereon, will subject to the fulfilment of certain
conditions be transferred to Kudura Power East Africa Limited
(“Transferee”) pursuant to the terms of an Asset Transfer Agreement
dated 30th August, 2019 (the “Agreement”).
The address of the Transferor is at Fifth Ngong Avenue, off
Bishops Road, IKM Place Building and P.O. Box 11866–00400,
Nairobi, Kenya.
The address of the Transferee is at Building Plot No.
Bukhayo/Mundika/8044, Tanaka Street, Kisumu–Busia Road and P.O.
Box 1109–50400, Busia, with a copy to Kieti Advocates LLP, CVS
Plaza, Lenana Road and P.O. Box 22602–00505, Nairobi, Kenya.
In the event that the conditions to the Agreement are fulfilled, the
Transferee intends to carry on the business from the same locations
listed above. All debts or liabilities due and owing by the Transferor
up to the date of the transfer as set out in the Agreement shall be paid
by the Transferor. The Transferee will not assume, nor does it intended
to assume any liabilities (save for certain statutory liens, obligations
and liabilities listed in the Agreement) incurred by the Transferor in
the business up to the date of transfer.
Dated the 1st October, 2019.
AFRICAN IMPACT VENTURES LLC,
Transferor
KUDURA POWER EAST AFRICA LIMITED,
MR/6496563 Transferee
Dated the 1st October, 2019.
AFRICAN IMPACT VENTURES LLC,
Transferor.
Extracted Entities (1)
previous_gazette_ref
9616
Details
- Act / Legislation
- THE TRANSFER OF BUSINESS ACT
- Reference
- Cap. 500
- Signed By
- AFRICAN IMPACT VENTURES LLC
- Title
- Transferor
- Date Signed
- 1st October 2019
- Page
- 35
- Extraction Method
- regex
Source Gazette
Vol. CXXI No. 134
Published 14th May 2019