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Business News of Monday, 10 September 2018

Source: dailyguideafrica.com

Chinese IT giant to establish headquarters in Ghana

China’s leading cloud computing company, Inspur Group Co. Ltd, has chosen Ghana as its preferred destination in West Africa for the establishment of its regional headquarters.

According to Peter Sun, Chairman and Chief Executive Officer (CEO) of Inspur Group, the decision by the company to establish its headquarters in Ghana was borne out of the country’s peaceful and stable nature, coupled with an impressive economic outlook which saw Ghana grow at 8.5 percent in 2017, up from 3.6 percent in 2016.

The Inspur CEO made this known on Wednesday when his company paid a courtesy call on President Akufo-Addo on the sidelines of the Ghana-Shangdong Business Conference which was held in Jinan, Shangdong Province.

Inspur, which currently has 57 percent share of global sales in the Artificial Intelligence Server Field, is the fastest growing server vendor in the world, and holds the biggest market share for the sale of servers in China.

In addition to establishing its regional headquarters in Ghana, Mr Peter Sun further indicated that 10 Ghanaian students would be selected and offered internship programmes with the company, with these students being trained to take up jobs in the company’s operations in Ghana and West Africa.

The Inspur CEO revealed that the company would invite to China every year 30 officials from the Ministries, Departments and Agencies to be trained in the fields of cloud computing and data technology.



Mr. Peter Sun also reiterated the readiness of the company to assisting Ghana in the fields of revenue mobilization and green development, “a real estate development concept that carefully considers social and environmental impacts of development.”

President Akufo-Addo, on his part, said “the matters you are interested in, i.e. green development, mobilization of tax revenues, and the establishment of your West African headquarters in Ghana, are important for us. It will be very good for our country to be involved with major global companies like yours, as it will expose us to the best practices in the industry.”

The President described Inspur’s choice as an excellent one because “Ghana is a stable country, our economy is picking up very rapidly, and so it’s a good base not just for Ghana but also for West Africa.”

President Akufo-Addo assured the company of the safety of its investment in Ghana, stressing that “we encourage foreign investment in our country. So, as a base for doing business in West Africa, Ghana is ideal and it will be a win-win situation for us all.”