Hugo Smit, head of Sub-Sahara Africa for SWIFT says the company will open two new offices in Ghana and Kenya.
This he says is to push its pan-Africa growth plans, as the company will manage an expanded presence across the West and East Africa regions.
Hugo Smit says ?The fact that Africa is rising is evident in various key economic indicators such as GDP growth, FDI and infrastructure investment growth. It is also corroborated by the growth in SWIFT traffic volumes. Such growth requires sound financial systems, securities systems and regulatory compliance. These are all areas where SWIFT can make an important contribution.
SWIFT?s sub-Saharan Africa business, with its head office in Johannesburg, was established more than 30 years ago, when Africa?s economies have changed beyond recognition and there is a growing need for SWIFT to expand to meet new client expectations and business opportunities.
SWIFT?s collaborative approach and ability to offer solutions that benefit the entire community makes it a unique organisation.
SWIFT says, by opening offices in West and East Africa, it will not only be able to further improve its solution and services offering to customers but will be better placed to support local communities and the development of regional initiatives.