Khato Holdings which is a South African based design and Construction Company plans to expand its business to Africa. It intends to spread out in countries such as Malawi, Botswana, Namibia, Ghana and South Sudan among the countries the conglomerate wants to claim huge stakes.
Khato Holdings which is involved in the development of large scale infrastructure, has established itself as one of the leading black emerging construction companies within the South African market.
Simbi Phiri, Executive Chairman of the Khato Holdings, which comprises Khato Civils and South Zambezi firms, confirmed the reports at the company’s Annual General Meeting in Johannesburg in South Africa.
Growing in Africa
Khato Holdings has, for a long time, been largely operational in South Africa but Phiri explained that there focus would be to dominate the continent.
“Our plans are to concentrate on clinching contracts in the rest of Africa. We want 80 percent of our work to be in Africa and 20 percent here in South Africa,” he said.
Currently, the company is implementing a mega water project in Malawi where a pipeline will be constructed to pump water from Lake Malawi to Lilongwe which experiences acute water shortages. Even though the Malawian project is facing legal battles, they are still looking forward to implement it.
About Khato Holdings
Khato Holdings is optimistic that they will manage to dominate the construction industry in Africa because they have hi-tech machinery which can do any work in the continent.
They have a vision to expand their current market share in the infrastructure development industry by owning and operating vital components of the construction industry supply chain in a profitable, growth oriented manner.