Tech Mahindra Ltd. (TechM), an Indian company specialising in digital transformation, consulting and business re-engineering, has signed a deal with the Development Bank of Ethiopia (DBE) to implement Enterprise Resource Planning (ERP) and Business Intelligence Systems, at a cost of 780,000 dollars.
The system will be integrated with the core banking system of the bank by which transaction payments and taxes are automatically monitored.
Furthermore, the system will integrate the human resources including profile of employees and performance management.
The agreement is aimed to enhance the operational efficiency of DBE’s business resources.
“This deal demonstrates our long term commitment towards the African continent and Ethiopia,” TechM Africa Head, Prasad Kotikela, said.
Esayas Bahre, President of DBE, discussed the agreement.
“Various sectors in Ethiopia are currently going through an IT transformation and DBE would like to take the lead,” Esayas noted. “We have selected a multinational IT System Integrator, Tech Mahindra, to implement Oracle Enterprise resource for planning and business intelligence solutions.”
DBE is engaged in providing short, medium and long term credits, and also long term investment financing. The bank’s service provision is characterised by a project based lending tradition. Projects financed by the bank are selected and prepared through appraisal processes closely supervised and systematically evaluated, reads the bank’s page.
“There has been no ERP IT implementation company before in Ethiopia,” Bahru Mosa, an IT-based banking solutions consultant, told Fortune. “TechM’s products signed with DBE integrate the activity of the bank and helps to improve efficiency.”
The contract agreement stipulates that the programme will be implemented within nine months.
“TechM is a multi-purpose enterprise, which focuses in local capacity building,” according to Solomon Soka, Tech Mahindra Ethiopia branch programme manager. “It provides services for the banking and finance, communications, energy utility and manufacturing sectors.”
TechM is focused on local resources and plans to invest heavily in building skills of local youths through various capacity building programmes, with the motto of ‘Africa for Africans and Ethiopia for Ethiopians’.
TechM is also engaged in other large IT projects in Ethiopia, with projects for the Commercial Bank of Ethiopia (CBE) and the Ethiopia Electric Utility (EEU).
TechM’s deal with CBE is aimed at automating the bank’s process in a 2.3-million-dollar project signed on June 2016. Accordingly, TechM has provided human resources, budgeting, business intelligence and supply change systems.
TechM’s largest engagement in Ethiopia was signed with the Ethiopian Electric Utility (EEU), worth 58.9 million dollars and with a duration of three years.
EEU, with the IT solutions from TechM, envisions the automatic distribution and sale of electric energy in accordance with economic and social development policies.
“We are committed to the transformation of EEU, CBE and DBE,” Solimon underscored.
TechM was established in 1993 and provides IT and network-related support and business services. It is part of Mahindra Group, which employs more than 200,000 people across 100 countries.
TechM – a platinum partner of the tech giant IT company, Oracle, for more than 18 years – has a presence in more than 28 African countries, including Ethiopia, South Africa, Kenya, Tanzania, Nigeria, Ghana and Uganda.
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