Savanna East Africa, which is into oil and gas reclamation business, announced its plans to finalize the acquisition of a healthcare sector manufacturing company in July. The company also announced letters of intent for two new acquisitions.
As part of the acquisition strategy, Savanna East Africa recently concluded a series of key stakeholder meetings in Nairobi, according to a company press statement.
A webcast from LTC Randell Torno, CEO of Savanna East Africa, is available on the outcome of those meetings. The Web cast includes more details on the anticipated acquisition and the two new opportunities added to the Savanna acquisition pipeline.
The management also finalized on plans for a Trade Mission to Kenya scheduled for November 2011. The objective of the trade mission is to encourage investment into East African regional small and medium enterprises.
Savanna East Africa hosted a pilot Trade Mission to Kenya with the United Nations International Strategy for Disaster Reduction and the Small Equity Initiative in 2010.
The aim of the 2010 trade mission was to stimulate small and medium enterprise investment in high growth potential business sectors through reverse merger and PIPE financing strategies. The UNISDR's participation was aimed at urging private sector innovation and investment aimed at reducing disaster risk.
Savanna East Africa is concentrating on developing high growth potential capacities within the housing, healthcare and high tech sectors in East Africa, initially in Kenya and with plans to explore widening its business development into Ethiopia.
The company launched an updated corporate strategy last year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Savanna has already started its activities in the region to include initiatives in the technology, utility, housing and health products industries.
Recently, Savanna East Africa announced that it plans to explore widening its business development into Ethiopia.
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Rajani Baburajan is a contributing editor for HealthTechZone. To read more of Rajani's articles, please visit her columnist page.Edited by
Jennifer Russell
