NASSCOM mission to Africa
BUSINESS| Sept. 11, 2011, 12:58 p.m.
NASSCOM, described as the premier trade body and chamber of commerce of India’s IT business process outsourcing industries, will send a delegation to Kenya, Nigeria and Ghana from 14 to 22 September.
The visit is part of NASSCOM’s Global Trade Development Initiative to explore new geographies for its members.
The delegation will be led by Dr. Jai Menon, Group CIO, Bharti Enterprises & Director - Global Innovation & IT, Airtel and by Anil Bakht, Managing Director, Eastern Software Systems.
The emphasis of the NASSCOM delegation will be on creating awareness among the local companies about India, identifying potential companies for partnership and building a long term engagement programme.
NASSCOM says in a statement that Africa has been one of the faster growing markets worldwide in ICT adoption and has the potential of becoming one of the most important markets for the Indian IT industry.
It says the continent has huge unmet ICT demand, with Africa’s IT market is headed for growth to levels of USD26.53 billion in 2011.
Earlier this year, the Indian Prime Minister Manmohan Singh, signed trade and investment deals to expand India's economic footprint on the African continent and also offered a USD5-billion credit line for Africa.
In 2010, a NASSCOM mission to Africa also proved fruitful, with members indicating that they had started participating in tenders and began submitting proposals both in the government sector and non-government sectors.
MORE BUSINESS NEWS
Alcatel-Lucent’s rapid growth in AfricaAlcatel-Lucent is growing faster in Africa than on a global level, says VP for Africa Daniel Jaeger. Read More
SAP accelerates shift to the Cloud with 41% revenue growth in third quarterSAP has once again raised its revenue outlook, reporting broad market adoption of SAP HANA and its ‘Run Simple’ strategy validated. Read More
BSE mulls online tradingThe Botswana Stock Exchange (BSE) has kept its innovation promise by experimenting with an internet based trading platform. Read More
Philips launches “Buy Original” campaignPhilips has launched “Buy Original” campaign to highlight the existence of counterfeit products in Kenya and sub-Saharan Africa and empower consumers. Read More
UBA appoints local head for Kenyan operationsThe UBA Kenya Bank Board has announced the appointment of Mr Isaac Mwige as the Bank’s new Chief Executive Officer. Read More
VMware reports third quarter 2014 resultsVMware, the global leader in virtualization and cloud infrastructure, today announced Year-over-Year Revenue Growth of 18% to $1.52 Billion in its financial results for the third quarter of 2014. Read More
CA Technologies study reveals application divideA global study commissioned by CA Technologies reveals that that “Leaders” who are investing in new innovation and development capabilities are growing revenue at more than twice the rate of “Laggards,” creating an Application Divide in the marketplace. Read More
RubiBlu eyes African growthSA-based software firm RubiBlu plans to expand in Africa on the back of significant growth. Read More
MTN Business partners Ghana SME 100 RankingMTN Business has been announced as the headline sponsor of the first annual Ghana SME 100 ranking, an initiative put in place to identify and honour the country's top 100 local Small Medium Enterprises. Read More
FEATURED STORYGrowing African focus on data security
Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.
COMPANY NEWSSchneider Electric off-grid, on-profit solutions to create social change in African rural communitie
Schneider Electric South Africa has set itself a target to create access to energy for 20,000 Africans by the end of this year.SAP accelerates shift to the Cloud with 41% revenue growth in third quarter
SAP has once again raised its revenue outlook, reporting broad market adoption of SAP HANA and its ‘Run Simple’ strategy validated.