Zimbabwe’s Tano Digital Solutions Group has bought regulate of South African-headquartered IT corporate, Altron Botswana and Altron Mozambique.

The transfer has set the guidelines generation verbal exchange corporate on a trajectory to change into some of the largest tech firms within the area.

Wallen Mangere, Tano managing director, recommended the new acquisitions, announcing the transfer aligned with the corporate’s imaginative and prescient of growth in Sub Sahara.

Tano bought Altron Botswana and Mozambique in November ultimate yr with the corporate’s flip over after the transfer is predicted to be over part one billion rand.

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

Altron is a Johannesburg Stock Exchange (JSC)-listed corporate with a marketplace capitalisation of just about R4 billion and is without doubt one of the greatest generation firms in Africa with an immediate presence in South Africa, the Middle East and Europe.

Altron supplies leading edge answers throughout a variety of verticals, which deal with demanding situations going through communities in South Africa and past.

“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 mentioned.