TPSEAL 2010 Financial Results. - Serena Hotels

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Board of Directors 1 Mr. Francis Okomo-Okello - Chairman 1 Mr. Okello is a qualified lawyer. He holds an LLB degree from the University of Dar-es-Salaam. He is an Albert Parvin Fellow of the Princeton University, Woodrow Wilson School of Public and International Affairs and a Fellow of The Kenya Institute of Bankers (FKIB). He is the Chairman of Barclays Bank of Kenya Limited, a Director of the Nation Media Group Limited, among other Companies. He is currently the Executive Director in charge of Legal and Corporate Affairs at the Industrial Promotion Services Group. Mr. Mahmud Jan Mohamed - Managing Director 2 Mr. Jan Mohamed has vast experience in hotel industry. He is the Chief Executive, TPS Group of Companies in Eastern Africa. He is a Director of the Centre for Corporate Governance, Mountain Lodges Limited and Air Uganda Limited. He is an associate member of the Hotel Catering Institutional Management Association (UK), and a member of the Cornell Hotel Society (USA). Mr. Abdulmalek Jeevan Virani - Finance Director 3 Mr. Virani holds a Bachelor of Commerce Degree. He is a Chartered Accountant and a CPA (K). He is currently the Finance Director of TPS Companies in Eastern Africa. He has been involved,over the years, in taking the TPS Group public and in structuring finance for acquisition and mergers of existing as well as green field projects for the Group. 2 3 Dr. Ramadhani Dau - Non-executive Director 4 Dr. Dau holds a PhD in marketing from the Victoria University of Wellington, New Zealand, an MBA from the American University of Cairo and a Bachelor of Commerce Degree, Marketing option, from the University of Dar-es-Salaam. He is a Director of The Jubilee Holdings Limited and Jubilee Insurance Company of Tanzania Limited among others. He is currently the Director General of NSSF, Tanzania. Mr. Jack Jacob Kisa - Non-executive Director 5 Mr. Kisa holds a B.Sc. (Economics) (London) Degree and M.P.A. (Harvard) Degree. He served as Principal Economist in Kenya’s Ministry of Finance and Planning in the 1970s. In 1974, Mr. Kisa was appointed as the Director of the United Nations World Employment Programme for Africa, in which capacity he served until 1977. In 1978, he was appointed Senior Economist at the World Bank Headquarters in Washington, D.C. During the period 1986-1991, Mr. Kisa served as Economic Advisor to the Southern African Development Community on secondment from the World Bank. 4 5 6 7 Mr. Jean-Louis Vinciguerra - Non-executive Director 6 Mr. Vinciguerra is a graduate of the Institute of Political Studies and completed the programme for Management Development from the Harvard Business School. He currently works with the Aga Khan Fund for Economic Development as a Senior Financial Advisor. 24 TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2010
Board of Directors (continued) Mr. Kungu Gatabaki - Non-executive Director 7 Mr. Gatabaki holds an Honors Science Degree in Economics and a Diploma in Project Planning and Management from the Bradford University, UK. He serves on various Boards including Chairman of Karume Investments, Micro-Africa and Director of African Reinsurance Corporation (SA). Mr. Ameer Kassim-Lakha - Non-executive Director 8 Mr. Kassim-Lakha is a fellow of Chartered Accountants in England & Wales and Institute of Certified Public Accountants of Kenya. Associate member,Chartered Institute of Arbitration. O.P.M (Harvard). Past Chairman,Institute of Certified Public Accountants and Association of Professional Societies in East Africa and a Truste; KCA University. Mr. Mahmood Pyarali Manji - Non-executive Director 9 Mr Manji is a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the Kenya Institute of Bankers. He is the Chairman of Air Uganda Limited and the Property Development and Management Group of companies. Mr Manji is a member of the International Who’s Who of Professionals and the former Chairman of the Diamond Trust Banks in East Africa. Wolfgang Bertelsmeier - Non-Executive Director 10 Mr. Bertelsmeier holds a diplome d’Etudes Francaises from Universite de Poitiers (France) and a degree in Business Administration from Frankfurt University (Germany). He also took executive education course at Harvard Business School and Stanford University.He has held Board seats in a number of companies in Africa, Asia, and Latin America. Mr. Ghislain de Valon - Non-executive Director 11 Mr. Ghislain de Valon holds a Masters Degree in Economics from Rouen University (France) and he is also a graduate of Banking and International Finance from Toulouse University (France). Currently he is PROPARCO’s Regional Director for Eastern and Central Africa, based in Nairobi. He previously worked for PROPARCO in Tunisia and in the French Overseas Departments as a representative Manager. He was a General Secretary in Financial Institutions owned by AFD (PROPARCO’s parent Company). Mr. Kabir Hyderally - Non-executive Director 12 Mr. Hyderally holds a Bachelor of Commerce Degree and is a Fellow of the Institute of Chartered Accountants. He is currently the General Manager, Finance at The Jubilee Insurance Company of Kenya Limited. Mr. Dominic K. Ng’ang’a - Company Secretary 13 Mr. Ng’ang’a holds a Bachelor of Commerce (Accounting) Degree from KCA University. He is a CPA finalist and a Certified Public Secretary CPS (K). He is also a member of The Institute of Certified Public Secretaries of Kenya (ICPSK). 10 8 9 13 12 11 TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2010 25
Page 3 and 4: Contents Directors and Administrati
Page 5 and 6: Directors and Administration (conti
Page 7 and 8: Other Corporate Information REGISTE
Page 9 and 10: (c) a mobile telephone money transf
Page 11 and 12: (b) Kutumwa moja kwa moja hadi benk
Page 13 and 14: Chairman’s Statement (continued)
Page 15 and 16: Taarifa ya Mwenyekiti Mr. Francis O
Page 17 and 18: Taarifa ya Mwenyekiti (Kuendelea) U
Page 19 and 20: The Managing Director’s Report (c
Page 21 and 22: Taarifa kutoka kwa Meneja Mkurugenz
Page 23: Taarifa kutoka kwa Meneja Mkurugenz
Page 27 and 28: aspects of the Company’s operatio
Page 29 and 30: Corporate Governance Statement (con
Page 31 and 32: Corporate Social Responsibility (co
Page 33 and 34: Statement of Directors’ Responsib
Page 35 and 36: Consolidated Income Statement for t
Page 37 and 38: Consolidated Statement of Financial
Page 39 and 40: Consolidated Statement of Changes i
Page 41 and 42: Consolidated Statement of Changes i
Page 43 and 44: Company Statement of Changes in Equ
Page 45 and 46: Notes to the Financial Statements 1
Page 47 and 48: Notes to the Financial Statements (
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Notes to the Financial Statements (
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Proxy Form I/We being a member/memb
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