Ké Concepts looks to Ghana

BUSINESS

|
Image: Ké Concepts MD Miles Hern. By Ké Concepts
Ké Concepts MD Miles Hern

SA-based Ké Concepts is focusing more heavily on Ghana’ s financial sector as it expands its market in Africa. The company focuses on credit management and lending solutions tailored for the African market.

Ké Concepts has been working with clients in Africa since 2002 and haa been operating in the Ghanaian financial sector since 2006.  Currently, clients include microfinanciers such as African Financial Services (AFS) and other Ghana-based premier financial services providers.  

“ Ghana is a logical choice for a number of our clients,” explains Miles Hern, Managing Director at Ké Concepts. “ Its stable economic and political climate is attracting a lot of interest and we’ ve been doing our part to bring top-class credit management solutions to the country.”

According to Hern, Africa as a whole is showing good recovery from the recent economic slump, with consumer spending picking up. This has created a need for quality credit management solutions as individuals seek to improve circumstances and take advantage of optimistic economic climates, he says.

“ Getting the right infrastructures in place to provide a stable and reliable service can be expensive and time consuming.  The remoteness of some locations can make it difficult to penetrate effectively into certain areas and provide acceptable service levels.

He says many IT solutions, particularly those developed for American or European markets, have been designed to operate in a first-world environment.  

“ Unfortunately these don’ t always translate well into an African context,” Hern says.

To meet the needs of business in Africa,  Ké Concepts has modified its management solution to enable off-line functionality, providing solid performance even in the absence of a stable connection.

“ Many of our existing customers in this market are providing loans to salaried employees, many of whom are working outside of city centres. We paid particular attention to our origination and disbursement modules so that credit can be approved and disbursed even when off-line, which are the most critical areas in terms of customer-facing interactions,” says Hern.

Ké ’ s solutions are available on a subscription basis, despite bandwidth eccentricities. This makes their solutions easily accessible as there is no need for large capital expenditure in extensive infrastructures and software licensing.

This delivery model also offers a number of business benefits.  The service is delivered out of a world-class data centre in Johannesburg allowing companies based in African locales such as Ghana to leverage first-world technologies for their service delivery. Easy to deploy, short to-market lead times, and affordable pay-per-user pricing models are making Ké ’ s solutions extremely attractive to Ghanaian lenders, says Hern.  In addition this enables Ké to provide support without having physical presence in the respective countries.

“ Ké ’ s ability to adapt so effectively has enabled our African clients to really gain a foothold in areas that have been inaccessible until now for great market penetration,” says Hern.  “ We are really looking forward to facilitating future growth and engaging more and more in these markets.”



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE BUSINESS NEWS

Francistown Barclays gets cardless

Cardless cash deposits have been launched in Francistown. Read More

Business incubator to boost 200 Zimbabwean entrepreneurs

Agnes Chikukwa-Hove, CEO of KBA Africa 200 would-be Zimbabwean entrepreneurs are set to benefit from business training and support, thanks to a business development programme to be launched by business incubation specialist KBA Africa.   Read More

Union gives Globacom 14 days to reinstate 54 sacked workers

The Private Telecoms & Communications Senior Staff Association of Nigeria (PTECSSAN) has urged Globacom to reinstate the workers it allegedly sacked from its service. Read More

British envoy promises more investors at Rack Centre

Mr Paul Arkwright, British High Commissioner to Nigeria, has promised to do his utmost to encourage more British companies to do business with their Nigerian Counterparts. Read More

UBA, Mastercard in pan-African partnership

UBA and Mastercard have announced a five year deal across 19 markets focused on driving financial inclusion in Africa. Read More

MTN Business partners with the National Gazelles to boost SMEs market

MTN Business today announced a new drive to help support the growth of small and medium enterprises (SMEs) and contribute to creating sustainable entities.  Read More

Travelport appoints new Managing Director for Africa

Travelport has announced the appointment of Douglas Jewson as Travelport’s Managing Director for Africa. Read More

Brexit’s impact on Africa

The short-term implications of Brexit for African economies will be mainly noticeable through market volatility, say Control Risks and NKC African Economics. Read More

Safaricom Blaze to take 2nd youth empowerment summit to Thika

Safaricom will this Friday, 8th July 2016, host the 2nd in a series of youth empowerment summits under its recently launched sub-brand, BLAZE. Read More

Kris Senanu to lead Telkom Kenya Enterprise Division

Telkom Kenya has announced the appointment of Mr. Kris Senanu as the MD of its Enterprise Division. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

First-ever Africa Barclays Accelerator programme concludesFirst-ever Africa Barclays Accelerator programme concludes

Ten fintech companies have concluded the first-ever Barclays Accelerator, powered by Techstars in Africa.

 

Advertisement

IN DEPTH

Ethical Hacking students can’t get a heck of a jobEthical Hacking students can’t get a heck of a job

Botswana ethical hacking students report that they are failing to break into the local job market.