Logica to open African office in Cairo

Published November 29th, 2000 - 02:00 GMT

Logica, the British-headquartered information technology consultancy firm, has announced that it plans to open a representative office in Cairo, which will cater to the Egyptian and African markets and provide services companies in the financial services, telecommunications, and energy and utilities sectors.  


The announcement was made in Cairo following a meeting between the Egyptian minister of communications and information technology, Ahmed Nazif, and Logica's managing director and chief executive, Martin Reid. 


According to Reid, Logica sees its prospective Cairo operation as a ”development hub” for the region, and it also will aid in the Egyptian government’s plans to turn the country into a leader in software development. The general trend toward deregulation and privatization in the areas of financial services, telecommunications, and energy and utilities is good for companies like Logica, he said 


Logica is not new to the Middle East, and is already operating offices in Riyadh and Dubai. Among the 25 central banks for whom it has delivered modern payment systems are those of Saudi Arabia and Turkey. Logica employs some 10,000 workers in 24 countries. For the financial year ended June 30, 2000, The company announced worldwide revenues worth 847.4 million pounds. 


Logica's retail banking solutions include interactive Internet, ATM and GSM-based services. For the telecommunications sector, the company provides e-business solutions for customer care and billing, and it provides solutions to mobile operators wanting to offer mobile Internet and mobile commerce services. The company also is also a leading provider of software to the electricity and gas sectors. — (Albawaba-MEBG)

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