Zoho Tackles Forex Challenge, Grows By 31% In Nigeria

Zoho, a global technology company, on Thursday said it has been providing its 55+ apps in Naira to help local businesses avoid fluctuating dollar rates, even as it  grew by 31 percent in 2023 in Nigeria, one of its key markets in the Africa region.

Country head, Zoho Nigeria, Kehinde Ogundare, at Zoholics Nigeria press briefing, on Thursday, in Lagos said, the company has continue to grow its presence in Africa, even as he averred that its focus is on ensuring that expansion positively impacts the local economy, communities, and the broader business ecosystem.

“This approach aligns with our transnational localism strategy, which emphasises being rooted in local markets while staying globally connected. To support this, we are committed to hiring local talent, strengthening our partner network, and creating products tailored to the local market.

“Additionally, to serve the community, we are supporting the education of children and also undertaking sustainability initiatives,” Ogundare revealed.

Zoho is also recycling the billboards of its out of home ads and turning them into bags. Over 500 flexes from Nigeria and 1300+ in Kenya have been recycled so far.

“At Zoho, we believe that our growth should go hand in hand with the success of our customers, partners, employees, and the communities we are part of. In Nigeria, we embrace this same philosophy by hiring locally, expanding our partner network, and offering affordable technology tailored to meet local needs.

“For the community, we have been investing in youth upskilling initiatives and are now extending support to children’s education. We are also committed to strengthening our sustainability efforts, including expanding our recycling programmes, such as flex recycling,” said Ogundare.

Zoho is partnering with Bridge International Academies to establish a meaningful Corporate Social Responsibility (CSR) initiative in Nigeria, Kenya, and Uganda. The primary objective of this partnership is to support the education of 200 children from underserved communities by sponsoring school uniforms, fees for four terms, and other essential items for students attending Bridge International Academies.

“Every child has the right to education, yet many children from underprivileged backgrounds face significant barriers to accessing quality learning opportunities.

“That’s why we are committed to transforming the lives of millions of children in underserved communities by delivering life-changing education. Through strategic partnerships, we aim to bridge this gap by providing vital resources and high-quality education to the students we serve. We are thrilled and deeply grateful for our partnership with Zoho, as our shared commitment to delivering meaningful value is at the heart of what unites us,” said the managing director, Bridge International Academies, Nigeria,” Foyinsola Akinjayeju.