Atlas | Annual Reports

About The Company

Atlas Development and Support Services Ltd was previously engaged in the provision of turnkey support service and development solutions for the African oil and gas industry. It offered these services through three core divisions. These included: Atlas Technical (which offered civil engineering services, accommodation of employees, and construction services); Atlas Services (which offered facilities management and medical services); and Atlas Logistics (which offered transportation, storage, and fuel solutions).

Registered in Guernsey, it was headquartered in Nairobi and had regional offices in Turkana (Kenya), Addis Ababa (Ethiopia) and Djibouti. Its services were offered through its three subsidiaries, namely: Ardan Logistics, Ardan Medical Services and Ardan Civil Engineering. However, following losses incurred as a result of the downturn in the oil prospecting business in 2014 and 2015, the firm liquidated all its three subsidiaries and shifted its focus from offering logistics and support services to the emerging oil industry in Kenya, to manufacturing in Ethiopia. Consequently, it also changed its name to Atlas African Industries Ltd in March 2016. As a result of the liquidation of its three subsidiaries, the firm does not have a physical business presence in Kenya. In Ethiopia, through a subsidiary known as East Africa Packaging Holdings, the firm is building a bottle manufacturing facility known as the Chancho Project. The firm was cross listed on the Nairobi Securities Exchange on 17th December 2014 (it is also listed on the London Stock Exchange).


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