Tag: mohammed akoojee

Imperial, Newtown Partners team up to fund start-ups in the logistics industry

Imperial, has partnered with venture capital firm Newtown Partners to launch a corporate venture capital fund who is looking into disruptive start-ups in the logistics industry, they have introduced an initial investment of $20 million. Joining CNBC Africa for more is Mohammed Akoojee, CEO of Imperial and Llew Claasen, Co-Founder and Managing Partner of Newtown Partners.

Imperial’s H1 dividend up almost a quarter

Imperial increased its interim dividend by almost a quarter to 167 cents pushing its share price higher. The African and European focused logistics provider is forecasting low double-digit operating profit growth compared to the prior year. Imperial Group CEO, Mohammed Akoojee joins CNBC Africa to discuss why.

Mohammed Akoojee on Imperial’s road to recovery

Imperial Logistics Ltd had a tough year, after a 7 per cent fall in full-year earnings. The ground freight firm incurred write-down costs from exiting its consumer packaged-goods business at home. Continuing headline earnings per share are also down 542 cents for the year end-June. Imperial has attributed a drop in profits to one-off trading costs of in local and international operations. Joining CNBC Africa for more Mohammed Akoojee, CEO, Imperial Logistics.