SAP sees resources-rich Africa as its next big market

Pfungwa Serima, head of SAP’s operations in the region, said he had been meeting ministers from African countries as good relations with governments were crucial for business expansion. SAP plans to double the number of employees in Africa to about 1,200 by 2015. “Africa is the last frontier remaining on this globe where real opportunities are,” Mr Serima said in Johannesburg, where SAP has its headquarters for the region. We believe in Angola because of its openness with oil and gas. “We believe in the potential of Ivory Coast. We’re very close to what’s happening in Ghana; and the potential of Nigeria, it’s just a matter of time, but it’s one of the giants on the continent.” The sub-Saharan African economy would grow 5.6% this year and 6.1% next year, the International Monetary Fund (IMF) said last week. That compares with a forecast of 4% growth for the global economy next year.