Financial Times

Sri Lankan consortium wins global tender in Tanzania

Infosys IPS, hSenid, Affno show what local IT firms are capable of

A powerful Sri Lankan consortium comprising Infosys-IPS (Tanzania) Ltd, hSenid Software International and Affno has won the highly competitive global tender to automate all functions pertaining to the Capital Markets and Securities Authority of Tanzania (CMSA).

This is one of the first large scale international projects to be won by a Sri Lankan consortium.

hSenid’s human resource management application and Affno’s real time information portals plus enterprise content management and workflow products are fast being recognised overseas for their high quality.

This win would also serve as a global confidence index for Sri Lankan software products in general, the consortium said in a recent statement.

This key project in the development of the up-and-coming Tanzanian Capital Markets is funded by the World Bank.

Once implemented, the solution will make CMSA work more efficient and effective by providing a state-of-the-art hardware and communication infrastructure along with a comprehensive intranet solution and a web portal streaming real-time stock market information.

Among the key components of the solution are the human resource management, enterprise wide document management and complaints management solutions.

CMSA was established in 1994. It is a regulatory and supervisory body for capital markets in Tanzania. It licenses and regulates investment intermediaries and deals with the issue and trade of securities.

As a result of economic transformation and reforms, Dar es Salaam Stock Market (DSE) was incorporated in September 1996 and began trading operations in April 1998. DSE is the only formal trading place for securities in Tanzania.

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