Johannesburg — SYSTEMS Applications Products (SAP), the world's leading software firm, is upbeat at the prospects it said lay in abundance in the continent.
Speaking in Johannesburg on Wednesday, Derek Kudsee, SAP Africa's Chief Operations Officer, attributed the prospects to the rapid growth in local populations and increased mobility in the continent where there are an estimated 500 million mobile subscribers.
He pointed out to the fact that Africa was a "youthful" continent, with 60 percent of the population under the age of 25.
According to Kudsee, 52 cities in the continent now have a population of at least 1 million as compared to ten cities with such a population 10 years ago.
"Africa will drive excess growth in the foreseeable future. In Africa, the opportunities have just begun. I foresee a completely different Africa in 2013 with SAP leading the way," he said.
Kudsee cited Angola, Nigeria, Kenya and Morocco as lucrative regions in the continent.
"Most of those countries have economies that are diversifying. Angola is a good example of such an economy. Over the years, the economy has largely been oil-driven but now there has been an emergence of such sector as banking and the telecommunications industry.
"As the economies diversify, we forecast the countries' GDP (gross domestic product) accelerating. Such gives us hope for sustained economic growth," he said.
Kudsee spoke alongside Simon Paris, SAP's President of Strategic Industries, who is based in Spain.
SAP Africa, subsidiary of German-based SAP AG began business operations in 1982.
It has offices in Southern African, East Africa, West Africa, French speaking Africa.
To date SAP is the market leader for providing world class unified solutions, flexible technology that helps organisations excel, improve business performances while maximizing public value and getting the most out of their ICT investments.