Technology

March 23, 2011

CWG targets $500m revenue

By Emeka Aginam

The Computer Warehouse Group, a leading Information Communications Technology service provider in Nigeria, disclosed last week that it targets about $500m annual revenue as from 2015 financial year.

The General Manager, DDC Networks, a subsidiary of CWG, Mr. Oladipo Raji, who disclosed this at the energy saving summit convened by CWG and one of the world’s leading power solutions company, Gamatronic International from Israel held last week in Lagos said, “CWG is synonymous with new technologies that increase business efficiency and lower capital expenditure and operational expenditure.

“We have reached $120m annual revenue and we are planning to hit $500m in the year 2015 through our plans to expand to different countries in Africa. We are already making effort to enter Angola.”

Raji, while speaking on CWG’s five-year agenda for the African market said that with the current workforce of 550 employees, the company had transited from being a hardware company to becoming a major player in managed services, offering innovative solutions to the African economy.

 

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