{"id":9050,"date":"2022-05-30T10:13:56","date_gmt":"2022-05-30T10:13:56","guid":{"rendered":"https:\/\/appsaf.apieproject.com\/news\/?p=9050"},"modified":"2022-05-30T10:13:56","modified_gmt":"2022-05-30T10:13:56","slug":"covid-accelerates-drive-to-digitise-african-business","status":"publish","type":"post","link":"https:\/\/appsaf.apieproject.com\/news\/2022\/05\/30\/covid-accelerates-drive-to-digitise-african-business\/","title":{"rendered":"Covid accelerates drive to digitise African business"},"content":{"rendered":"<p>Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&amp;Cs and Copyright Policy. Email <span \n                data-original-string=\"xc7D6F6oMqs\/3ZCJ9DE5hQ==f1a4WLTLH6NAiH2N37NCu4A\/3+lDxAruEbN3XwYGRHurq0=\"\n                class=\"apbct-email-encoder\"\n                title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\">li<span class=\"apbct-blur\">*******@ft.c<\/span>om<\/span> to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https:\/\/www.ft.com\/tour.<br \/>\nhttps:\/\/www.ft.com\/content\/b6f9ba0c-2101-4d86-abba-675f51d5ca24<\/p>\n<p>The growing importance of technology in Africa is evident from the first FT-Statista ranking of the continent\u2019s fastest growing companies: the sector is second only to financial services for the number of businesses listed.<\/p>\n<p>Of the 75 companies ranked, 12 per cent are in the technology sector, just behind financial services, on 13 per cent, and ahead of traditionally strong business areas such as precious metals, on 9 per cent, and agricultural commodities, on 8 per cent.<\/p>\n<p>Africa\u2019s digital drive was already under way before coronavirus emerged in late 2019 and the ranking captures this, as it lists companies by compound annual growth rate (CAGR) between 2017 and 2020. But it also captures the start of the pandemic, and the accelerated digitisation that it brought about.<\/p>\n<p>In the south of the continent, the shift to digital is epitomised by the success of companies such as Entelect, an enterprise software and app provider that offers \u201cend-to-end technology services\u201d to businesses.<\/p>\n<p>It was founded in 2001 out of the Electrical Engineering School at Wits University in Johannesburg by Charles Pritchard, a lecturer there. From its headquarters in the city, the company has grown to serve clients around the world, with offices in the Netherlands, the UK, New Zealand and Australia.<\/p>\n<p>Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&amp;Cs and Copyright Policy. Email <span \n                data-original-string=\"8NT+jrAPd6FfxzVRZkcJEA==f1axWlEawRIP8BF2QZs5bPQfl8r2U6sh9ZUBvT2uPqD1NQ=\"\n                class=\"apbct-email-encoder\"\n                title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\">li<span class=\"apbct-blur\">*******@ft.c<\/span>om<\/span> to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https:\/\/www.ft.com\/tour.<br \/>\nhttps:\/\/www.ft.com\/content\/b6f9ba0c-2101-4d86-abba-675f51d5ca24<\/p>\n<p>Entelect is 31st in the ranking with a CAGR of 35.5 per cent and revenues of $52mn in 2020.<\/p>\n<p>In the past five to 10 years, its staff have seen a shift in the way businesses, and particularly large organisations, view technology delivery. For many companies, technology is now not only an enabler of business processes but is also the product itself.<\/p>\n<p>According to Shashi Hansjee, Entelect\u2019s chief executive, digital technology can create both problems and opportunities. \u201cThis means the way we structure teams, projects and budgets needs to change to be competitive in this way of thinking, as the market, and so requirements, continue to change,\u201d he says.<\/p>\n<p>\u201cA high-functioning tech capability [requires] motivated and capable problem solvers and specialists in technology disciplines, along with engaged stakeholders from business and product areas. Great products and systems come from great teams, not only from great ideas.\u201d<\/p>\n<p>Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&amp;Cs and Copyright Policy. Email <span \n                data-original-string=\"NyUqGxt81Cu2K3haKILLlA==f1agmAWiK4mk6UZ57rbr1R9altjVHje7fI1X84zK5Au6sE=\"\n                class=\"apbct-email-encoder\"\n                title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\">li<span class=\"apbct-blur\">*******@ft.c<\/span>om<\/span> to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https:\/\/www.ft.com\/tour.<br \/>\nhttps:\/\/www.ft.com\/content\/b6f9ba0c-2101-4d86-abba-675f51d5ca24<\/p>\n<p>Hansjee adds that the move towards digital servicing and operations accelerated during the pandemic, which has resulted in a significant increase in demand for technology services.<\/p>\n<p>\u201cNearly all organisations now require a digital way of interacting with customers, which they may not have needed two years ago,\u201d he says. \u201cCompetition in spaces such as ecommerce has ballooned, along with the interest in leveraging enterprise data for analytics, reporting and product development.\u201d<\/p>\n<p>Like other businesses, Entelect also had to adjust to the rapid transition<br \/>\nto a work-from-home environment during the pandemic, while both maintaining its support culture for staff \u2014 especially new recruits \u2014 and remaining engaged with customers.<\/p>\n<p>Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&amp;Cs and Copyright Policy. Email <span \n                data-original-string=\"EaFAZF1wJydKtZFq3Gvd8g==f1am9vx+g6D2z18+9yP9Bc\/teJTkba2OlsorqRMeqWpj\/A=\"\n                class=\"apbct-email-encoder\"\n                title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.\">li<span class=\"apbct-blur\">*******@ft.c<\/span>om<\/span> to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https:\/\/www.ft.com\/tour.<br \/>\nhttps:\/\/www.ft.com\/content\/b6f9ba0c-2101-4d86-abba-675f51d5ca24<\/p>\n<p>Nigeria\u2019s Kawai Technologies is another company that has benefited from the drive to digital in Africa. The support services business, which was founded in 2007, is eighth in the FT-Statista ranking, with a CAGR of 85.2 per cent.<\/p>\n<p>Kawai started out providing bespoke software solutions, says co-founder Akinbo Akin-Olugbade, but found that it had more to offer.<\/p>\n<p>\u201cVery quickly, we realised that it made sense to focus on the core skill sets available\u2009.\u2009.\u2009.\u2009internally, which revolved around planning, flexibility, and understanding the local nuances of doing business in Nigeria,\u201d says Akin-Olugbade, who trained as an engineer and previously worked in venture capital and as director of operations for a fertiliser company.<\/p>\n<p>In recent years, Kawai\u2019s projects have included providing an all-Nigerian engineering team for a Turkish company that set up in the country\u2019s south-west, and developing an international order management system for a Nigerian oil and gas business.<\/p>\n<p>Technology has remained central to Kawai\u2019s approach throughout its growth and the company prides itself on its capacity for innovation.<\/p>\n<p>Today, it focuses strongly on supply chain management, covering everything from materials to production oversight, shipping, and the logistics of delivery.<\/p>\n<p>\u201cWe built upon the experience we had and pretty quickly started deploying some novel solutions, which of course led to more orders, and then we had a fully fledged business,\u201d Akin-Olugbade says.<\/p>\n<p>This year\u2019s Africa\u2019s Fastest-Growing Companies is the first Africa companies ranking report. The rankings are compiled with data produced by the FT\u2019s research partner Statista. A total of 75 companies were ranked in the inaugural edition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Growth ranking shows change that began before the pandemic has gathered pace<\/p>\n","protected":false},"author":12963,"featured_media":9047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,4],"tags":[7,47,39],"class_list":{"0":"post-9050","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-health","8":"category-sports","9":"tag-apie-project","10":"tag-health","11":"tag-sports"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Covid accelerates drive to digitise African business - APIE NEWS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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