Thursday, June 16, 2011

Computer Warehouse Group eyes GSE

Computer Warehouse Group (CWG) Ghana is to be listed on the Ghana Stock Exchange (GSE) in the next three to five years as part of its broad strategy to serve the African continent.

“We are really planning to be listed on the GSE in the next three to five years as part of our broad strategy to serve the African continent and to position us of becoming the number one information technology utility company in Africa by 2015.

“This would enable CWG to serve countries in sub-Saharan Africa with results that would transform lives. The company’s listing would as well provide Ghanaian investors the opportunity to share in CWG’s vision and drive, Mr. Austin Okere, Founder and Group Chief Executive Officer, CWG made this disclosure in Accra at a media conference.

He said: “CWG has invested tremendously in technology in the Africa market. As a result, through its highly professional team and cutting-edge technology, CWG has enhanced businesses across the West African region, enabling them to increase their productivity and business output.”

“CWG’s customers can be assured of more improved solutions that will enhance efficiencies in their businesses.

“The company with presence in three African countries- Ghana, Nigeria and Uganda- and provides services indirectly in 17 other countries, last year made a turnover of US$120 million employing approximately 550 persons. ”

Mr. Okere was confident that the pan-African drive of the company would be attained despite the stiff competition and challenges, adding “we have the template that will help us role out faster in the other countries on the continent.”

He urged government s on the continent to provide a structured support to the local industry by encouraging them to focus in areas where they could become major world players.

“Government’s excessive reliance on foreign companies for the provision of some services which local companies could best deliver did not augur well for the growth of entrepreneurship.

“What the Africa continent need is the creation of an enabling environment and a level playing field for entrepreneurs to transform their dreams to build big companies,” Mr Okere said.

Mr. Tony Dadzie, Country Manager, CWG Ghana, said the company had acquired the rights of major players, including Dell and Oracle to offer solutions to clients.

He explained that CWG has grown from being a computer hardware sales company to today becoming one of the leading Systems Integration companies, providing hardware and infrastructure solutions (CWL Systems), to communications and networking solutions (DCC Networks) and software applications and deployment (ExpertEdge Software) across West Africa. As the needs of its growing customers grew across the West Africa region, it was imperative that CWG establish its presence in other West Africa countries.

“Though, a landmark achievement for CWG, the company is committed to furthering its strength across other cities in Africa providing enterprise solutions and enabling more businesses through technology, Mr. Dadzie remarked.

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