Egypt’s NileIT starts Studies on Sudan Bourse’s Tech Needs

Egypt’s Nile Information Technology and Dissemination (NileIT) is on the process of upgrading the technological structure of the Sudanese stock market.

According to NileIT’s general manager Mohammed Omar, the Egyptian company is currently conducting studies on the technical system of Khartoum Stock Exchange ahead of starting the structural upgrading process.

Omar further stated that NileIT’s partnership with Khartoum Stock Exchange is as part of NileIT’s plan to expand into the African markets in accordance with Information Technology Industry Development Agency (ITIDA)’s strategy.

ITIDA’s strategy is based on signing various agreements with all the African states in the coming years.

NileIT is specialized in the area of financial applications, digital signature, security and compliance as well as providing SWIFT managed services. It represents an array of financial applications for the capital market, financial institutions, corporates and government. The company has been established by MCDR, the national Clearing, Settlement & Depository of Egypt, National Bank of Egypt and other investors.