Internet Service provider Swift Global has acquired a Sh79.5 billion capital injection

By Dan Muhuni

Internet Service provider Swift Global has acquired a Sh79.5 billion capital injection from principal shareholders Altech Corporation of South Africa and Sameer Africa Group.Swift Global General Manager Nick Odero says the capital injection will finance the company’s ambitious regional expansion, development and launch of new products as well as an aggressive staff development programme.
Speaking at the launch of a new Business Plan, Mr Odero said the company was refocusing its business style in a bid to attract more small and medium term enterprises to partner with.“Swift Global has been a sleeping giant all this while and we are here to take our rightful place as leaders in the expanding internet market,” he said.“Swift Global will offer new value-added solutions like IT disaster recovery, Offsite backup, Server farm, Spam filtering and Hardware lease and sales,” Mr Odero said, adding that the ISP intends to grow its business and drive sales through franchising its regional branches which has proved successful in other market sectors.
“This strategy will also spearhead the initiative of taking ICT innovations to the local communities across the region. The project is aimed at creating partnerships with franchisees in various parts of the country,"he said.Mr Odero said 60 percent of the Sh79.5 million fresh injection, would be allocated to new product development, 30 percent for disaster recovery renovation while training will take up 10 percent.
He said provision of corporate internet solutions had been split into two categories: premium and standard services. Meanwhile, the company also launched its new website that will, among other things, allow customers to critique Swift Global on-line as well as request for online support. “The new website is in line with the company’s strategy to offer customers easy access to its wide range of Internet Technology services and products.
We have spent a lot of time in establishing what our customers want and we believe this is a remarkable value proposition for them.” said Mr Odero. Swift Global is a privately owned Kenyan company; it began providing Value Added Fax Services in 1995 and was among the first Private Network Operators in Kenya.