Mobiles to spur growth in Africa

July 20, 2011
Shares

, NAIROBI, Kenya, Jul 20 – SAP Technology says increased mobile penetration will help spur growth in Kenya and the African continent.

Corporate Affairs Executive for SAP Africa, Sunil Geness says extra resources should be focused on the mobile network as it is reaping larger benefits than most financial sectors.

“Mobile penetration is a large contributor to the Gross Domestic Product (GDP) on the continent. East Africa is no exception. SAP is continuously looking at how we can bring our solutions to help benefit the sector.


We have acquired new companies which focus on analytics and analysing on information. That is the new generation of technology and where it is headed, not the banking system,” he affirmed.

Mr Geness also forecasts that the continent will experience double digit growth in the next two to three years.

“The African market unit on its own has seen a large growth. I foresee it reaching double digits and that will no doubt continue. Africa is the last frontier in terms of opportunities that are still untapped. With the focus of the government, the public and private sectors as well as the non- governmental organizations (NGO’s) on the issue of technology and human capital development, Africa’s GDP will grow,” Mr Geness added.

He was speaking during the opening of the World Tour for technology conference on Wednesday.

The company currently serves businesses that contribute towards 65 percent of the worlds GDP and directly serves 80 percent of companies in Kenya.

SAP is a worldwide firm that offers client services in; Enterprise Management, Analytics, Financials, Human Capital Management and Operations Support.

Shares

Latest Articles

Stock Market

Most Viewed