Tag Archives: Africa

Outsourcing to Bring Billions to Africa

25 Apr

GCSSD Egypt, or GCS Egypt, is a division of Global Consulting Services and Software Development (GCSSD). With a focus on outsourcing various IT services, GCS Egypt creates jobs both in Egypt and the United States and provides guidance to companies looking to transfer portions of their operations to foreign employment markets.

At the crossroads of Europe, Africa, and Asia, Egypt provides diverse trade opportunities and serves as the ideal regional outsourcing location for many multinational companies. In fact, according to numerous business publications, Egypt is the number one destination for outsourcing worldwide. The outsourcing of business processes represents just one avenue through which experts have suggested the Internet might be able to make Africa a competitor in the worldwide economy.

According to research by McKinsey & Company, the Internet could bring as much as $300 billion to the continent. Currently, the Internet accounts for about 1.1 percent of the GDP of Africa, whereas in other emerging economies the Internet contributes around twice that amount. However, experts believe that this figure could increase more than tenfold over the next few years. Most of the GDP contribution is derived from user consumption of web-based services and Internet-related equipment, while the rest tends to come from public expenditure, private investment, and outsourcing, especially in Egypt.

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