Phoenix expands across Africa
BUSINESS| Oct. 16, 2012, 8:04 a.m.
Specialist distribution house Phoenix Distribution is expanding across the continent, opening branches in a number of African countries to meet the needs of its African resellers.
“Telecommunications, banking, and retailing are flourishing across Africa. Construction is booming. Private investment inflows are surging,” says Simon Campbell-Young, CEO of South Africa-based Phoenix Distribution. “This has had a knock-on effect, resulting in increased trade across many sectors, but especially in technology.”
This is one of the reasons that Phoenix Distribution has expanded up the continent, opening branches in a number of African countries to meet the needs of its African resellers. In addition to its original South African, Zimbabwean and Zambian branches, the company now has operations in Nigeria, Angola, Kenya and Tanzania. This growth, Campbell-Young explains, was the result of requests from resellers requiring on-the-ground service and support as well as the opportunities offered by each country.
“When we embarked on our growth strategy, we initially focused on the South African market. But after repeated requests from African resellers who were purchasing from us, we actively evaluated potential opportunities on the continent. Not only did we have an established base of resellers in many of these countries, but Africa’s strong long-term growth prospects made it a sound business decision to expand our operations into a number of African countries. Now, our Zambian business has grown to the extent that we recently moved into new premises to better serve our customers, and our other African operations are showing steady returns too.”
While many of Africa’s economies face serious challenges, a number of countries are among the world’s most rapidly growing economies. The need for ICT products and services in these growth areas is expanding accordingly, and this acceleration is a sign of hard-earned progress and promise, says Campbell-Young. “Africa’s collective GDP, at USD1.6 trillion in 2008, is now roughly equal to Brazil’s or Russia’s, and there is massive potential. We have used this potential to create opportunities and to satisfy the unmet demands of African businesses.”
MORE BUSINESS NEWS
Liquid Telecom, RBH to acquire NeotelLiquid Telecom, a privately owned pan-African telecoms group majority owned by Econet Global, has entered into an agreement to acquire South African communications network operator Neotel. Read More
MTN Nigeria gets indigenous Chief Financial OfficerMTN Nigeria has announced the appointment of Adekunle Awobodu as its new Chief Financial Officer (CFO). Read More
Networks Unlimited partners with RubrikNetworks Unlimited has been named as sole distributor of Rubrik converged data management solutions in Africa. Read More
Payroll fraud: a serious threat to your business’s sustainabilityPayroll is one of the largest expenses for Small & Medium Businesses and larger enterprises in West Africa, yet many organisations are neglecting the importance of managing the risk of fraud in this area of the business. Read More
Nigeria goes live with Bsystems Collateral Registry SystemNigeria has become the fourth country to roll onto the Collateral Registry System developed by Ghanaian technology solution firm Bsystems. Read More
Arbitration to support justice, says GlobacomGlobacom Nigeria says its support of the International Chamber of Commerce, (ICC) Africa Regional Arbitration Conference in Lagos is a demonstration of its belief that arbitration would further enhance the cause of justice in the country. Read More
Dimension Data names new group CEODimension Data has announced the appointment of Jason Goodall as Group Chief Executive Officer, as Brett Dawson, current CEO, steps down after 12 years. Read More
Solar developer Phanes Group opens African head office in SAInternational solar energy developer, investment manager and asset manager Phanes Group has launched an office in Johannesburg, South Africa – its first African office. Read More
We’re insulated from Nigeria’s forex problem, says IHSIHS Towers says it has not been hard hit by ongoing foreign exchange (forex) squeeze in Nigeria because it is a foreign direct investment (FDI) vehicle into the country. Read More
8 Lessons for entrepreneurs who want to conquer the worldSage Foundation Chairman Ivan Epstein outlines his top advice for entrepreneurs. Read More
FEATURED STORYGovernment should encourage youths in ICT early
Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.
BEST READ NEWS
IN DEPTHIBM Opens First Cloud Data Centre in South Africa
IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.
COMPANY NEWSTigo Business – Building trusted business partner relationships with clients
Tigo Business has increased and empowered its account management team to improve its overall customer service experience.