Chief Executive Officer of Computer Warehouse Group (CWG) Plc is to further tap into the growth potential of emerging African Economies through the provision of cloud based information technology (IT) solutions in the bid to attain its vision to be the number one IT utility enabler in the continental.

Chairman of CWG, Chief Willie Belonwu, disclosed this at the 9th annual general meeting (AGM) of the company in Lagos, saying the company has been able to record strong top line financial figures in the past year.

CWG, a Nigerian firm, which is one of the fastest growing information and communications technology (ICT) companies in Africa, already has offices in Ghana, Uganda and Cameroon. Belonwu said the company will expand to other parts of Africa.

Also speaking at the AGM, the Chief Executive Officer of CWG, Mr. Austin Okere said  the company has introduced a new business model(CWG 2.0)  that is capable of making  the firm  the next Google.

According to him, CWG 2.0 is a subscription business model  driven by the quest to help Small Medium Enterprises (SMEs) grow and make notable social impact.

“This includes Openshopen, a website that affords shop owners open their own virtual store online and SMERP, an enterprise resource planning solution that will help business owners manage their business inventories on a subscription basis,” he said.

Okere explained that  these solutions will have significant social impacts on the society, saying there are about 17.7 million micro, small and medium enterprises (MSME) in Nigeria.

“With their own online stores and with the aid of enterprise resource planning, we will empower SMEs to be able to keep their own records. Then, they can present their records to get credits from the banks. With these loans, they can be able to expand their businesses.

“If they are able to expand their businesses, each of them can employ one more person. If each of them employs one more person, we will end up creating 17.7 million more jobs.

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“The unemployment rate in Nigeria is about 23 per cent, which amounts to about 16 million jobless youths. With this development, we will eradicate unemployment and have more jobs to spare” he added.

The CEO said the Openshopen will allow business owners to open their own online virtual stores which will give their businesses visibility leverages, adding that  the solution will democratise domain possession and give micro, small and medium business owners the platform to compete with known online stores at cheaper rates.



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