Zimbabwe: Zim Tech Company Acquires SA, Moz and Botswana IT Firms

admin January 30, 2023 0

Zimbabwe’s Tano Digital Solutions Group has acquired control of South African-headquartered IT company, Altron Botswana and Altron Mozambique.

The move has set the information technology communication company on a trajectory to become one of the biggest tech companies in the region.

Wallen Mangere, Tano managing director, commended the recent acquisitions, saying the move aligned with the company’s vision of expansion in Sub Sahara.

Tano acquired Altron Botswana and Mozambique in November last year with the company’s turn over after the move is expected to be over half a billion rand.

“Tano took over the Botswana and Mozambique business on 1 November 2022 after approval by the competition authorities in both countries,” Mangere said.

Altron is a Johannesburg Stock Exchange (JSC)-listed company with a market capitalisation of close to R4 billion and is one of the largest technology companies in Africa with a direct presence in South Africa, the Middle East and Europe.

Altron provides innovative solutions across a range of verticals, which address challenges facing communities in South Africa and beyond.

“The takeover of Altron gives Tano regional presence. It also gives Tano a strong presence in the financial services sector, especially in Botswana and Mozambique where all the major banks are now our customers,” Mangere said.