In a bold move that underscores its dedication to the burgeoning technology landscape of Africa, Japanese telecommunications powerhouse NTT (Nippon Telegraph and Telephone Corporation) has solidified its position in the continent’s investment strategy. This strategic advancement arrives amid a wave of substantial investments by global tech leaders in Africa’s technology sector, a trend projected to fuel exponential economic growth in the region.
NTT, the parent company of Dimension Data, a prominent South African technology firm, has ramped up its engagement with Africa. Alan Turnley-Jones, CEO of Dimension Data, expressed his enthusiasm for the collaboration with NTT, highlighting the power of aligning with a worldwide organization for research and development (R&D) initiatives.
With an impressive annual allocation of US$3.5 billion to their R&D division, NTT remains at the forefront of technological innovation, enabling them to provide cutting-edge solutions to their African clientele. This infusion of resources ensures that service providers are capable of delivering increasingly sophisticated and seamless solutions to consumers, fostering a world-class interconnected experience.
Turnley-Jones emphasized that this sustained international investment has far-reaching implications. As the technology landscape evolves, local talent gains the opportunity to contribute to a global enterprise, dispelling the notion that they must first cut their teeth in local businesses before engaging on a global scale.
A pivotal milestone has been reached with the recent launch of NTT’s South African Global Service Hub. This transition has seen approximately 1,000 employees seamlessly integrated into NTT’s global services team, fortifying South Africa’s growing reputation as a hub of innovation.
The latest report, titled “State of the IT Sector in South Africa 2023,” unveils an impressive 17.16 percent surge in total telecommunications investment, rising from R33.9 billion (equivalent to US$1.8 billion) in 2021 to R39.7 billion in 2022. This substantial growth transcends mere statistics, as it generates vital opportunities for economic revitalization and employment, affirming the sector’s pivotal role in the nation’s progress.
Turnley-Jones concluded, “Beyond the numbers lies the profound impact of driving economic renewal, paving the way for invaluable prospects within this dynamic market. This trend not only benefits established professionals but also offers aspiring talent the chance to contribute on a global scale—an advancement our nation direly needs.”
As NTT continues to fortify its foothold in Africa’s technology landscape and collaborate with local talent, the partnership promises to steer the continent toward a new era of innovation and economic prosperity.
Photo Source: Google
August 23, 2023
Delino Gayweh
Serrari Financial Analyst
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