(Ecofin Agency) - ZKTeco, a Chinese firm specializing in biometrics technology, identity management, and security applications, has announced its intention to invest in Nigeria. The company’s CEO and founder, John Che, paid a working visit to the country this week and said that he wants to open an office and set up a research center in the country.
According to John Che, the company's interest in Nigeria stems from the country's strategic position on the continent, particularly its population, market size, GDP, as well as the government's efforts to transform its economy.
“We decided to increase our stake in Africa and we identified Nigeria as the epicenter of Africa, representing the strongest growth prospect on the continent, with opportunities to collaborate on its identity management and biometrics standard needs,” John Che said.
Already present in South Africa and Egypt, ZKTeco considers identity management through biometrics to be very critical for growth and development. “Biometrics helps to drive the efficient management of time and resources, helping to boost productivity,” Mr. Che explained.