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Kenya Women Holding to change name next month

Kenya Women Holding group chief executive Jennifer Riria. FILE PHOTO | NMG
Kenya Women Holding group chief executive Jennifer Riria. FILE PHOTO | NMG 

Kenya Women Holding Ltd (KWH) is gearing up for a name change if members approve the move during an extraordinary meeting scheduled for next month.

The holding company for Kenya’s largest microfinancier KWFT wants to change its name to Echo Network Africa Ltd.

The firm’s board of directors Thursday called for an extraordinary general meeting on February 9 in Nairobi to deliberate on the matter among other issues.

The KWH, a private firm by guarantee under the Kenyan Companies Act 2015, does not have a share capital or shareholders but instead has members who act as guarantors.

A notice by company secretary Winniefred Jumba to members said they are expected to consider and if thought fit, approve it as a special resolution.

“That the name of the company be and is hereby changed from Kenya Women Holding Limited to Echo Network Africa Limited with effect from the date set out in the certificate of change of name issued in that regard by the Registrar of Companies,” the notice read.

The KWH is a women-led development institution with more than 400,000 members engaging in activities to empower women.

In April 2010, KWFT received Central Bank licence as a deposit-taking microfinance.

The KWH is headed by Jennifer Riria as group chief executive and Jaine Waitherero Mwai as chairperson.