Nigeria’s Omatek Becomes 1st Computer Coy to List in Stock Exchange

Computing

One of Nigeria's leading indigenous computer companies, Omatek Ventures Plc, last week, set a record as the first computer company to list on the Stock Exchange. Having met the requirements of the Exchange, Omatek was listed and its stock is already being traded in the floors of the Nigerian stock exchange even as its private placement ended.

The company however promised that the funds it got from the concluded private placement exercise would be used to expand its activities and fund its growth plans.

Part of Omatek's visions for listing on the Stock Exchange, was to ensure that it gets increased supply of the materials it needed from the manufacturers, in order to continue on a big scale on its activities.

Dedicating the feat to the media, at a recent press conference in Lagos, MD of Omatek, Mrs Florence Seriki said this was not the first time her company was scoring first in the pursuit of attracting fame to the sector. She said: "Our computer factories in Ghana and Nigeria, which are the first in Africa have presented us with enormous opportunities, making us the first in the continent to locally produce computer casings and speakers from Completely Knocked Down process (CKD), locally produced home entertainment speakers and plasma and flat screens from Semi-Knocked Down (SKD) process.

"We are also the first in Africa to buy directly CKD process parts from front-line producers across the world, and the first in the continent to win Microsoft Systems Builder Award 2005 for Central, West and East Africa."

Vanguard Lagos