Metrofile has announced the formation of Metrofile Nigeria. The company, which was formally registered in July, will be used to establish a full records management facility that will offer a similar range of service to those received by Metrofile’s South African customers.
In line with Metrofile’s strategy to expand its African operation in partnership with local companies, agreement has been reached with Lagos-based Golden Sceptre to acquire a 40% stake in the company. Golden Sceptre, a filing services company with a strong foothold in the country’s financial and corporate sector, will take on responsibility for the day to day management of the Nigerian operation.
Graham Wackrill, CEO of Metrofile says: “We have been very clear about our intention to grow the business throughout the continent, and the setup of the Nigerian business is a major step in this expansion strategy. The potential in Nigeria is significant and the operation could in time account for as much as 20% of our business, however establishing a business there is not without its difficulties.
“Our experience in Mozambique has taught us a lot about trading in Africa. I am in no doubt that with this experience and the combination of Golden Sceptre’s knowledge of the local market and our expertise in the records management field, that we have a winning combination that will see us make a success of Nigeria.”
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