Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

ITC International Trade Centre : Ugandan companies ready to break into European Edu-Tech markets

02/15/2021 | 09:47pm EDT
Zeenode, a software development company in Uganda that offers cloud-based ERP (Enterprise Resource Planning) solutions for higher institutions of learning, is the creation of six software engineering university students who saw a problem and decided to solve it.

Frustrated with the inefficiency of manual and paper-based management, they ended up automating all of their university's processes and creating an e-campus system that managed all of the institution's operations.

In 2011, they created their own company, Zeenode, to provide cloud-based solutions to other learning institutions. In five years, by 2016, they jumped from 6 to 12 staff, and began to work with different tech and financial partners, including local mobile money payment platforms and banks.

'This enabled us to provide a fully integrated, comprehensive and cost-effective system, and by 2017 we had signed up 15 public universities, 4 private universities and 2 other institutions in Uganda,' said Dean Rwothomio, Zeenode's chief marketing officer.

In 2018, Zeenode joined the export development initiative designed by NTF IV to increase export competitiveness of SMEs in Uganda. Working with ITC's experts Fred Janssen and James Bulenzibuto, Zeenode was able to develop an export marketing plan, prioritizing internationalization and interfacing with potential buyers, as well as attending door-opening trade shows such as AfriTech and Kenya Virtual B2B.

Virtual and augmented reality

Zeenode now has 30 employees and is ramping up its internationalization efforts. It has met with five universities in Kenya and identified strategic partners and markets in Europe.

This year, the company plans to launch a WhatsApp API integration for its education ERP, to provide students with a more real-time experience ranging from school applications to checking financial balances. They are also incorporating virtual reality, machine learning and augmented reality in their e-learning solutions.

'I believe this is the present and future of education not only in developed markets but also Africa,' said Rwothomio. 'Learning is moving from the classroom to online learning, where students can attend a lecture on their mobile devices and use digital textbooks. These are all changing the ed-tech space.'

The NTF IV Uganda project works around 4 pillars, including influencing government policies, capacity building of SMEs and business support organisations, as well as identifying opportunities and preparing and coaching SMEs in connecting to potential buyers and partners.

Export Marketing Plan methodologies and linkage programs have boosted SME exposure to export markets in the region and beyond. Given the negative impact of the Covid-19 pandemic, Janssen says it is even more important that small businesses' use EMP-thinking to re-strategize their export ventures and develop scenarios for the post-Covid period.

Janssen believes Africa-based software development and BPO sector development has the potential to be more strongly linked to the European sectors, where areas such as fintech, edutech, e-commerce, and online event platforms are currently booming.

What is needed in providers is a mindset based on longer-term international business export plans, he says.

The power of global thinking

'This includes companies first establishing themselves through a sustainable foundation in their home countries, acquiring recognized certifications and having an organized ecosystem, and only then contacting foreign companies,' Janssen explained. 'Quick money is not always the best solution.'

Janssen has worked for more than three years in Uganda, The Gambia and Kenya, and mainly with software development and business process outsourcing companies.

'I help them to focus, to fine-tune their core products and services that are of interest to specific western companies in particular sectors, and pinpoint product-market combinations, and finally, to understand that foreign companies, especially in Europe, are looking for strategic sustainable partners, not just opportunistic business,' he explained.

Rwothomio agrees that building a global brand needs global thinking.

'This means, Ugandan SMEs need to recognize different cultures and values, collaborate with international experts, participate in international trade shows and events, get industry related certifications, and develop customized proposals that appeal to an international market,' Rwothomio said.

'Success takes a combination of focus, mindset and strategic planning,' he said.

The Netherlands Trust Fund (NTF) IV is based on a partnership between the International Trade Centre and the Dutch Centre for the Promotion of Imports from developing countries and funded by the Dutch Ministry of Foreign Affairs. In Uganda, the project is implemented in collaboration with the Ministry of ICT and National Guidance, Ministry of Trade, Industry and Cooperatives, and the National Information Technology Authority (NITA) of Uganda.

Disclaimer

ITC - International Trade Centre published this content on 08 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2021 02:46:03 UTC.


© Publicnow 2021
Latest news "Economy & Forex"
02:46pDiscord ends sale talks with Microsoft - sources
RE
02:41pChina's Alibaba invests $350 million in capital increase to Turkey's Trendyol - trade registry
RE
02:39pApple targets remote workers with new iPad Pro, slim iMacs using own chips
RE
02:32pSoccer-Man City joining Chelsea in quitting Super League - reports
RE
02:28pU.S. Senator Capito expects Republican infrastructure proposal in coming days
RE
02:28pEU SET TO RATCHET UP AI FINES TO 6% OF TURNOVER : EU document
RE
02:24pSoccer-Chelsea to pull out of Super League - BBC report
RE
02:20pU.S. Treasury official, bank CEOs discuss boosting 'economic inclusion'
RE
02:20pAdeyemo, bank ceos discussed economic inclusion and need to expand credit access for low-, middle-income communitie
RE
02:20pU.s. treasury's adeyemo met with bank ceos, discussed review of economic, financial sanctions- statement
RE
Latest news "Economy & Forex"