Didata enters Angolan market

Posted On Thursday, 02 October 2008 02:00 Published by
Rate this item
(0 votes)

Dimension Data has launched a business in Angola by acquiring 51% of the technology supplier Sistemas Redes e Communicações (SRC).

Property-Housing-Residential

The acquisition for an undisclosed amount has already made Dimension Data Angola, operating from Luanda, one of the country’s largest technology providers.

SRC Angola was formed in 1996 to provide technology and communications services.

Johannesburg and London-listed Didata now has 25 offices in 12 countries in the Middle East and Africa, which it sees as a key for expansion. Its favoured method is to partner with local companies that have experience in those markets.

Oil is one of Angola’s greatest exports, so many multinational organisations are based there, and some are Didata clients. Those companies required global technology solutions that Didata could provide through its international networks and experience, said Bruno de Carvalho, MD of Dimension Data Angola.

Its track record of delivering world-class technology services would be combined with SRC’s strong client base and skills to provide services tailored for the local market, he said.

“The Angolan economy has undergone a period of transformation and has emerged as the fastest growing economy in Africa,” he said.

In April, Didata made its debut in the United Arab Emirates. Its stock was trading 5% up at 642c yesterday.

Last modified on Monday, 14 April 2014 14:41

Most Popular

University of Fort Hare construction resumes

Jun 18, 2020
Construction of UFH Student Housing
Following two months of hard lockdown, the development of a 2 047-bed student village at…

SA property prospects as we look beyond COVID-19 lockdowns

Jun 11, 2020
John Loos FNB Property Economist
“The COVID-19 Crisis has changed the world a lot, perhaps less through introducing new…

Estate Agency Affairs Board to re-open its doors this month

Jun 13, 2020
Mamodupi Mohlala
The Estate Agency Affairs Board (EAAB) will re-open its Sandton, Johannesburg offices…

Grit to improve liquidity, save costs through proposed JSE de-listing

Jun 11, 2020
Bronwyn Corbett Grit
London Stock Exchange listed Grit announced its intention to de-list from the JSE.

Redefine’s European logistics platform set to expand its footprint in Poland

Jun 17, 2020
Andrew Konig CEO Redefine
JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along…

Please publish modules in offcanvas position.