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Setback for US Firm’s Kenya Condom Plant as Concerns on Its Plan Raised



Setback for US Firm’s Kenya Condom Plant as Concerns on Its Plan Raised

By Allan Tawai

A United States financial platform which provides price and liquidity information for almost 10,000 over-the-counter (OTC) securities has raised concern over a listed condom maker’s Sh502 million Kenyan investment saying shareholders risked losing cash.

OTC Markets Group, which is an American trade market, posted the comments on its website saying Restance shareholders’ funds were at stake as the condom-making business was “over-saturated”.

OTC Markets, as quoted by an analytical report from a local website,, said Restance should come clear over its Kenyan investment.

Restance has, however, distanced itself from the assertions saying its investment in Kenya’s first latex factory was informed by the expected returns on investment.

It has reported receiving an initial order to manufacture condoms worth Sh50 million and forestalls to generate sales amounting to Sh2 billion per annum.

Chief executive Randell Torno labelled the information as an overstatement that could be misleading.

Randell added that they appreciate OTC Markets’ efforts to protect investors from dishonest initiatives to swindle investors.

“We are happy to work with OTC Markets to address the concern,” said Mr. Torno.

Restance, in defense of its investment, said that it was not only a profit-making venture, but a socially responsible endeavor to liberate Kenya and Africa at large of the feared Aids epidemic.

“Restance is concentrating its business development efforts at this time in East Africa and has indeed entered into a contract to produce condoms under the Playboy logo as part of a socially responsible campaign to contribute to the end of the Aids epidemic,” said Mr. Torno. portrayed condom business as impervious exploiting, where one was expected to spent about Sh2 (2US cents) to Sh3 (3US cents) in production only to dispose the same at about Sh112 per unit, with the most expensive going for Sh400.

“While operating as a small cap company, ANCE (Restance) is positioning itself to deliver sales that could take it from trading as a penny stock to a serious competitor with the biggest names in the health products market,” said

The firm had recently acquired East African Development Partners as part of its growth strategy in East Africa.

The global condom market was expected to reach $9.6 billion (Sh988.8 billion) by 2021 at compound annual growth rate (CAGR) of 8.2 per cent, a Research and Markets report shows.

UN reports show that condom use in Africa is expected to keep growing.







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Our Thrilling Two Hours Tour at Victory Gardens Phase 3, 4 & 5 on the 18th of September 2020



It was a very electrifying afternoon as we mentored our social media followers on how to build positive and remarkable relationships.

We touched on various life issues including how to laugh with a confident and deliberate abandonment, how to build extraordinarily positive relationships in families, workplaces, with God and in our social lives.

We also spared a cool 30 minutes to point at plot beacons for our customers, showing them how trees at this gated community are flourishing plus showing customers how Optiven has done the drainages.

Oh! We even had great fun crawling through one of the drainage culvert, which easily accommodated Optiven Team Leader as he easily crept to the other end. You can catch up with the Facebook Live here: (

You can also catch up with the entire episode on You Tube right here:

What’s more, we prayed and prophesied for more customers to start building their dream homes in this gated community; to live victorious, joyfully and peacefully, in this extraordinary project that is located at the heart on Kitengela in Nairobi Metropolis.

If you want to join this remarkable and amazing project or to refer someone, just get in touch with us today. (Every person who refers someone will be mentioned on our next show)

*Call us now on: 0790 300 300 or 0723 400 500
Visit our website:*

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Shekinah Gardens Gets Surprise Bonus Value Additions



Optiven Engineers have now camped at Shekinah Gardens to start the fencing of the entire property (concrete poles & wire mesh). The concrete poles will be painted green as a sign of customer’s prosperity.

What’s more, Optiven has entered into a contract with Weberworks to do the construction of a 15 meters tall water tower that will be holding 40, 000 liters at a go.

This additional Value Additions will allow customers to experience Value for their properties as it was not part of the initial promise, but as an additional token of love to our Shekinah Gardens customers.

In addition, the roads will be spruced up to make this project the very best in Kajiado Township.

The project is located only 1 Mile from Kajiado Town and less than 0.5 m from the Highway

If you want to join the Shekinah family 👪

Call us on: 0790300300 or 0723400500

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PHOTO: What was happening Today at Amani Ridge the Place of Peace



We thank God for the ongoing works at Amani Ridge the Place of Peace in Kiambu.

Today we were focused on the following works:

1. Cabro laying ongoing. (Cutting in progress)

2. Wall of Knowledge column and coping concrete in progress.

Do you want to join this Family 👪 of untold peace?

Commit today before change of price by 20% by the end of this month (12 days to go)

What was happening Today at Amani Ridge the Place of Peace

Call us on: 0790300300 or 0723400500

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