CaseWare Africa continues to grow strongly with new offices opened in key geographies and ongoing increase in user interest, says Theuns Holtshousen, Business Leader: CaseWare Africa.
“West Africa is obviously an important market for us, and I’m happy to say that we have expanded into Ghana with a local services partner. With regular flights between Lagos and Accra, it is very easy for our Lagos office to support our Ghanaian partner as and when required,” he says. “Ghana is a vibrant market and the appetite for technology tools like ours is very keen.”
In East Africa, the Kenyan office continues to support Tanzania, Uganda, Rwanda and Ethiopia. Again, flights are plentiful and inexpensive, and the fact that the countries are all part of the East African Community means that business is easy to conduct.
Aside from the West and East African operations, CaseWare Africa now also has offices in Mauritius and Botswana, with local partnerships in Namibia, Lesotho, Swaziland, Zimbabwe and Zambia.
CaseWare Africa already supports in excess of 20 000 users across Sub-Saharan Africa (excluding South Africa). Its clients are a mix of financial professionals in practice, business and public sector, using its financial statement tools for IFRS, IFRS for SME, IPSAS Accrual and IPSAS Cash as well as its Audit Solutions.
“Our strong growth is driven by a number of factors. African finance professionals have a strong appetite for the right technology tools to help them succeed. In particular, they are very much seeing the benefits of technology when it comes to keeping up with changing standards,” he says. “Last year, we had IFRS 9 and 15, and this year we are already busy with IFRS 16.
“Our African clients also value the help CaseWare provides when it comes to meeting the regulatory requirements .” Looking forward, Mr Holtshousen believes that the company’s customer base provides a solid foundation for further growth. “A key driver here is CaseWare Africa’s ability to develop more country-specific solutions for the various markets. For example, CaseWare Africa has led the market by providing XBRL and interim reporting for listed entities in Nigeria, and recently added quarterly reporting for the Kenyan public-sector.”
“The more we grow our market share, the more we will be able to invest in these kinds of initiatives, which will in turn drive further growth,” he concludes. “We believe it’s a virtuous spiral.”