Company in Zambia

  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • Jaguar Land Rover on its business in sub-Saharan Africa

    ANGOLA, 2015/12/11 Nigeria and Angola remain two of Jaguar Land Rover’s major markets in sub-Saharan Africa, according to the company’s director of operations for the region, Nigel Clarke. This is despite both economies feeling the result of the drop in oil prices over the last year. Angola gets roughly two-thirds of its revenue from oil. The luxury car manufacturer, with its sub-Saharan headquarters in Pretoria, exports the bulk of its vehicles to eight markets in the region – Angola, Ghana, Kenya, Mauritius, Nigeria, Tanzania, Zambia and Zimbabwe. However, over the next two years Jaguar Land Rover will focus on growing its business in six smaller markets – Senegal, Côte d’Ivoire, Gabon, Congo-Brazzaville, Malawi, Mozambique – through local country partners. “Due to the expansion of our office in Pretoria and the fact a lot of of our processes and systems are presently in place, which has taken a long time, we are much additional ‘fitter’ to take on these markets.”
  • Tanzania's METL Group eyes Africa expansion as middle class grows

    ZAMBIA, 2015/05/03 Manufacturing and trading firm Mohammed Enterprises Tanzania Ltd, one of the country's biggest private employers, said on Friday it would invest $250 million to expand its business in Africa to capitalise on a growing middle class request. Chief Executive Officer Mohammed Dewji as well told Reuters he was upbeat about prospects in Tanzania, whose economy has been growing at about 7 % a year and which he said could accelerate to 10 % as natural gas finds were exploited. Despite the world financial crisis, African economies have recorded some of the fastest increase rates outside Asia, creating a bigger middle class and drawing local and foreign investment .
  • BARCLAYS Bank Zambia Plc has investedto support 230,000 Zambians

    ZAMBIA, 2014/03/13 BARCLAYS Bank Zambia Plc has invested additional than K17 million to support 230,000 Zambians, with a target of reaching 30,000 young people throughout the country. Barclays Bank Zambia managing director Saviour Chibiya said the bank had invested the money in communities from 2012 -2015 to support young Zambians. Mr Chibiya said the bank would continue to play a vital role in uplifting the lives of the people in the communities through skills development. Speaking during the Barclays community investment celebratory event in Lusaka yesterday, Mr Chibiya said the bank was running a number of programmes that were helping disadvantaged young people in the communities.