Chams Holdco Establishes ChamsCorp to Enhance Africa's Digital Transformation
Chams Holding Company Plc has launched a new subsidiary, ChamsCorp Plc, effective February 1, to support Africa's digital transformation. This marks the fifth subsidiary for Chams and aims to enhance its over 40 years of experience in the digital ecosystem. ChamsCorp will focus on manufacturing digital devices, developing digital infrastructure, and implementing AI systems, while contributing to digital ID and verification services. The Board of Directors has appointed renowned banker Mohammed Bashir Yunusa as Chairman of ChamsCorp.
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Chams Holding Company Plc established a new subsidiary, ChamsCorp Plc, on February 1 to advance digital transformation in Africa. This subsidiary, the fifth for Chams, aims to leverage over 40 years of experience in the digital ecosystem.
ChamsCorp will focus on three main areas: manufacturing digital devices, developing digital infrastructure and services, and creating AI infrastructure. It will also support the parent company's offerings in digital ID and verification.
Mohammed Bashir Yunusa has been appointed as Chairman of ChamsCorp. In 2023, Chams faced $100 million in debts from providing digital services to the Nigerian government and plans to adjust its business model.
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