Monday, December 17, 2007

Rwanda’s Simtel, Xcom in joint venture

By Geoffrey Kamali of the EABW -

"NAIROBI, KENYA – Rwanda’s national electronic transaction provider, Simtel, has entered into a joint venture partnership with the African Development Corporation (ADC) consortium, led by Xcom, an IT firm from Germany.

The deal worth US$3.5 million, gives the consortium majority stake in Simtel and control of the company."

Complete story at http://www.busiweek.com/index.php?option=com_content&task=view&id=4572&Itemid=9


Category: Rwanda + Banking + Economy

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