IBM plans to increase its investment in Sub-Saharan Africa by more than $120 million over the next two years. The company, which has operated in Africa for almost 60 years, also expects to hire up to 100 students from universities in the region.
"The Sub-Saharan African market is poised for double-digit growth flowing from the development and expansion of telecommunications networks, power grids and transport infrastructure," said Mark Harris, Managing Director, IBM South and Central Africa. "Private and public sector investment in the region is transforming the ability of the market to participate in the global economy."
"Africa is an increasingly attractive investment environment for global companies such as IBM," said Dr. Robert Mayberry, IBM’s newly appointed general manager and vice president, emerging markets, Sub-Saharan Africa.. "IBM is committed to being part of Africa's economic transformation into a major player in the global market place."
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IBM Plans Investment Increase in Sub-Saharan Africa (press release)