By Nkiruka Nnorom

As part of efforts to expand its operations and create value for its stakeholders, CWG Plc has unveiled a new subsidiary – Fifthlab – a financial technology company.

Speaking at the unveiling and its maiden Texcellence Conference as part of activity to mark its 30th anniversary, Mr. Philip Obioha, Chairman, Board of Directors, CWG, reiterated the company’s commitment to continue to deploy new tech solutions to grow businesses and solve individual and corporate challenges in the IT space.

He noted that Fifthlab would offer a unique IT services to small and Medium Enterprises (SMEs) and individuals alike.

According to him, the company’s focus on investing in its people, processes and digital transformation have sustained it thus far and enabled its migration from a hardware infrastructure company to full-fledged information and technology company.

Speaking on the theme of the conference, “Championing a Forward Thinking Africa” Obioha said that digital transformation integrates digital technology into different aspects of a business, basically modifying how one can operate and provide importance to its customers.

According to him, digital transformation represents embracing a digital-first perspective to help businesses streamline operations and drive greater customer and shareholder value. Delivering a keynote address titiled; “The Path to Tech Excellence”, Femi Madariola, Partner, PWC Digital and Innovation, urged companies to look beyond digitization and focus on key imperatives that could drive digital transformation, adding that focus on digitalization alone does not achieve everything.


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