Business Connexion counting on Tanzania's growth
Business Connexion counting on Tanzania's growth
South African cloud integrator specialist Business Connexion (BCX) believes the World Bank's estimation of 7.2% economic growth in Tanzania, the country's investment in national fibre optic cable and emergence of disruptive technologies together represent a significant growth opportunity for the company.
In June BCX chief executive officer Isaac Mophatlane reaffirmed the importance of the company's pan-African growth strategy.
He said the continent remained an integral part of the business' overall operation and said this was the case irrespective of the pending merger with South African telecommunications services provider Telkom. This merger remains under review by South Africa's Competition Tribunal.
Jane Canny, chief operating officer at Business Connexion Group, echoed Mophatlane's words saying the proposed merger with Telkom is not expected to have any impact on their local operations and the company remains committed the Tanzanian market. "Regardless of the outcome of the proposed merger, it's business as usual for us. Our biggest concern lies with ensuring we continue to deliver innovative solutions to our clients. We will continue to invest in our Financial Services Exchange infrastructure solidifying our position in the financial services market," she says. "Our local data centre, which hosts one of the largest telecoms solutions, and data recovery services also continues to grow."
Canny believes the proposed merger is in line with global trends where telecommunications and IT services are converging. "It allows us to leverage Telkom's infrastructure and provide our clients with an end-to-end solution. While Telkom does not operate in Tanzania, they do have a local point-of-presence. This, along with their strategic connectivity partnerships and investments into the main undersea communications infrastructure around Africa, would certainly benefit our clients," she concludes.
The company has established itself in the Tanzanian market and has been in operation since 2000, focused on financial services, telecoms, energy and mining and the public sector. "Through the creative use of technology and our partnership with the UmojaSwitch Consortium, we provide 28 banks and 200 automated teller machines in Tanzania access to a secure, shared payment infrastructure. The infrastructure is integrated with five payment switches within in East Africa to allow for international transactions, three major mobile operators to enable mobile payments and various government institutions to facilitate electronic payment collections."
Part of its growth strategy has been to respond to- and leverage the adoption of disruptive technology. "The Internet Of Things is changing the way businesses operate at a rapid pace," says Canny. "As customers become more connected, their demands are changing and organisations simply have to evolve as the technology and how we use it changes, or face being left behind by their competitors."
She adds that there are also several ongoing projects to integrate municipals and hospitals throughout the country to enable electronic payment collections. "This is a great example where technology is being used to make consumers' lives easier," says Canny. "And as technology continues to evolve, so will the way in which customers interact with their service providers. In the next five years, for example, near field communication or NFC technology will be used throughout the country to enable mobile retail and bill payments. We are also implementing a core banking application in the cloud, which will be hosted in our local data centre."