Tag: mohammed akoojee
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 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.
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.