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Wednesday, October 11, 2006

Zinox to go public in 2008

Remmy Nweke

NIgerian pride, Zinox Technologies Limited, is due to hit the floors of the nation’s stock exchange before the end of 2008, even as the country would record an estimated 380,000 computers sold by the end of this year.

This is coming as its office in Accra, capital of Ghana has been completed, even as the local computer manufacturer turned five on Monday, October 9, 2006.

Chairman, Zinox Technologies, Chief Leo- Stan Ekeh, gave this indication in a chat with newsmen in Lagos on the anniversary of the firm.

“Zinox will go public in 2008,” he declared.

He said that if not for the forthcoming general election in the country, Zinox would have planned to go public by 2007.

Chief Ekeh also said that the choice of going public does not in any way signal that the computer firm needs the fund, but to enable Nigerians to have shares in the company.

This, he said, would bring to accomplishment the promise Zinox made at inception in 2001 to be truly Nigerian.

“We do not need the money but we want to live up to our promise five years ago at the launch,” he asserted.

Zinox as a company, he pointed out, has a good structure with well-trained staff and the ability to fly its flag in Europe.

The emerging computer giant, he said, would beat competitors in the total market share by the end of the year, including foreign computer firms such as Hewlett Packard (HP) and Dell among others.

“Zinox would beat HP, especially on Personal Computers (PCs) and laptop, although they are still beating us on the server,” he said hopefully, stressing that despite all the challenges before the company in the country, Zinox is determined to get to where it wanted to be.

Chief Ekeh further disclosed that Zinox Accra office has been completed on schedule, just as the firm has increased its office network both within Nigeria and in the sub-region.

Speaking on Zinox relationship with its Computerise Nigeria Project (CNP), Chief Ekeh said that CNP has been registered as an entity with its Board of Trustees made of distinguished technocrats in the Information and Communications Technology (ICT) sector.

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