SAP SE to invest $500 million in Africa

SAP SE (Systems Applications Products Societas Europaea), a European multinational software corporation, will invest up to $500 million in Africa over the next seven years, the company announced at a press briefing on Tuesday.

The investment is planned to help up-skill 10,000 IT consultants in Africa by 2020 and accelerate SAP’s growth across the continent via its hubs in South Africa, Nigeria, Kenya, Angola and Morocco.

The company further announced that “SAP Africa is now taking responsibility for SAP operations across 51 African countries, including Morocco, Algeria and Tunisia and Mauritania.

Robert Enslin, member of the Executive Board of SAP SE and president of Global Customer Operations,  while announcing the plan at the press briefing said: “The African market is unique in its growth potential and readiness to innovate. The SAP Executive Board strongly believes that now is the right time to take our engagement and commitment to expand in Africa to the next level.”

“SAP’s additional investment in the continent reflects SAP’s vision to help the world run better by delivering leading-edge innovation. In Africa, we plan to engage and invest in even more markets while helping build the appropriate talent base for the IT industry, and support our customers and partners by actively contributing toward crucial technology and business skills-sets and new employment opportunities in Africa.”