Zimbabwe IT company acquires tech firm Altron in Kenya entry

Zimbabwe’s IT solutions provider, Tano Digital Solutions has completed the Acquisition of Kenya’s tech firm Altron, setting the state for its official operations in Kenya.

The latest transaction follows the acquisition of majority stake in Altron Mozambique and Altron Botswana in 2022 taking its tally to six countries in Africa where it operates. The company will be looking to tap into the growing digitisation in the country to grow its operations.

The move marks a significant step forward for the company as it expands its regional footprint and brings innovative solutions to the dynamic Kenyan market. Tano Group CEO Tawanda Wallen, said that through strategic partnerships, and tailored solutions, the firm is well-positioned to help Kenyan businesses navigate the complexities of the digital frontier.

“Tano Digital Solutions is committed to driving innovation and providing value for our stakeholders while addressing societal needs,” said Tawanda Wallen Mangere, Group CEO of Tano Digital Solutions.

Kenya’s IT landscape has witnessed significant growth and transformation over the past decade, driven by advancements in technology, increased internet penetration, and a growing digital economy.  Speaking during a panel discussion that brought together industry leaders, CEOs, and experts to discuss pressing cybersecurity challenges, Konza Technopolis Development Authority (KoTDA) CEO Paul Okwiri, said that Kenya is a leader on the continent when it comes to access to digital infrastructure.

“The country’s ICT sector has on average grown 10.8% annually since 2016 and its digital economy is expected to contribute to 9.24% of the country’s GDP by 2025,” said John Paul Okwiri, Chief Executive Officer of Konza Technopolis Development Authority (KoTDA).  He added that today, 98 percent of Kenyans use mobile money and 65 percent have access to the internet.

Okwiri noted that with the new acquisition, Tano Digital will spearhead the enhancement of digital trust in Africa due to their Pan-African resources and their experience of over 15 years of operating in Kenya. The uptake of digital solutions by Kenyan businesses has been steadily increasing, driven by e commerce, mobile technology, cloud computing and cyber security solutions.

According to the experts, with the growing digitization of business operations, cybersecurity has become a priority for Kenyan businesses. Many organizations are investing in cybersecurity solutions and practices to protect their data, systems, and networks from cyber threats and breaches.