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China's leading suppliers of networking and telecommunication, Huawei Technologies, opened on Wednesday a financial center in Mauritius to provide services to its subsidiaries in the sub-Saharan African region.

 

The opening of the Shared Services Center (SSC) is aimed at reducing costs, providing better service both in terms of accuracy and timeliness of info, standardizing accounting processes, unifying professional skills and IT technology and optimizing working capital.

 

Paul Wu, general manager of Huawei Technologies Madagascar, said it was the healthy investment environment and the preferential financial and monetary policies in the country that attracted the company to set up its financial center there.

 

Huawei Technologies (Mauritius) is also the company's regional headquarters for the Indian Ocean region.

 

While he was officially opening the center, Mauritian Prime Minister Navinchandra Ramgoola said his country is functioning as a springboard for Huawei to penetrate the African and Middle-East markets.

 

The installation of SSC in Mauritius is also the result of Huawei's robust business development in sub-Saharan African region and worldwide.

 

In 2005, Huawei's contract sales in sub-Saharan Africa have more than doubled to exceed US$1 billion while its global sales have reached US$8.2 billion.

 

Huawei has set up over 100 branch offices worldwide and 39 of them are in sub-Saharan African region.

 

The company has become one of the major suppliers of the world's big five telecommunication operators: Vodafone, China Mobile, Telefonica, China Unicom and T-Mobil.

 

It is serving 28 of the world's top 50 operators with one billion users worldwide.

 

(Xinhua News Agency April 28, 2006)