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African Continent to Reap Benefits of Digital Economy Through Microsoft and Infobank Partnership

Strategic Insights

— 1 min read

The African continent is poised to reap the benefits of participating in the growth of the digital economy through a partnership between technology giants Microsoft South Africa and Infobank Africa. The partnership aims to develop effective electronic business-to-business (eB2B) software solutions underpinned by Microsoft technology, enabling local companies to compete in the global electronic trading environment. Research results indicate that African companies are embracing technology to level the playing field and see e-commerce as an opportunity to compete successfully in the global economy.

Key Takeaways:

  • Microsoft South Africa and Infobank Africa are partnering to develop eB2B software solutions using Microsoft technology, allowing local companies to compete globally.
  • Research by Accenture shows that African companies are embracing technology to level the playing field and see e-commerce as an opportunity to compete successfully.
  • InTrade, Infobank's product suite, facilitates eB2B trading communities and supports over 50 languages, multiple currencies, and tax systems.
  • Infobank's products are built on the Microsoft platform, incorporating new technologies such as XML and BizTalk functionality.
  • Infobank has secured a significant share of the market by delivering the first two live electronic trading hubs in the southern hemisphere.
  • The partnership aims to provide business agility through the use of technology, enabling companies to compete effectively in global electronic trading communities.

Statistics:

  • 53 countries on the African continent to benefit from Infobank's InTrade product suite distribution and implementation.
  • 50 languages supported by InTrade, enabling global communication and commerce.
  • Multiple currencies and tax systems supported by InTrade, facilitating seamless international trade.
  • 2 live electronic trading hubs delivered by Infobank in the southern hemisphere, securing a significant market share.
  • African companies are embracing technology to level the playing field and see e-commerce as an opportunity to compete successfully according to Accenture research.

Sources:

  • Accenture - Name not specified
  • ITWeb - No date specified
  • Microsoft South Africa - No date specified
  • Infobank Africa - No date specified

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