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.
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
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
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.