Medtech set to export to Zambia


Ndamu Sandu

MEDTECH Holdings Ltd (Medtech) finance director Suleman Girach says plans to explore the Zambian market have reached an advanced stage and the group will soon export to Zambi

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“We want to export to Zambia soon,” he said.


He said MedTech had already set up an imaging practice in Zambia.

He said listing on the Botswana and Mauritius Stock Exchanges was part of the group’s long-term vision for expansion.


MedTech has a presence in Zambia, South Africa and Mozambique.


“The Mozambican market for our exports is not doing well and the imaging practice has not really improved as fast as we wanted,” said Girach.


The South African market, Girach said, was contributing positively to the group.


In its first quarter results, MedTech said the results had exceeded expectations and showed significant growth compared with the same period in 2002 despite problems facing the economy.


Turnover firmed by 520% from last year while contributions rose by 540% in the year comparable.


The group said Baines Imaging operations in Lusaka and Beira, which began last year, were contributing positively to the group’s earnings.