Summary of Proposed Investment
Project Number
24536
Company Name
SocketWorks Nigeria Limited
Date SPI Disclosed
Sep 12, 2005
Country
Nigeria
Industry
Health, Education and Life Sciences
Projected Board Date
Oct 28, 2005
Status
Completed
Sector
Colleges, Universities, and Professional Schools
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
C - No Impact
Previous Events
Approved : Feb 8, 2006
Signed : Feb 27, 2006
Invested : Jun 29, 2006
Project Description
Socketworks Limited (Socketworks or the company) is a privately held Nigerian limited liability corporation. It was established in June 2002. It has been supported by the IFC since this time by way of capacity-building and advisory support services through the African Project Development Facility (APDF). Socketworks is a software and outsourcing company that aims to provide packaged ICT solutions to its clients. In the education market, it has developed software (trademarked CollegePortal) that has been endorsed by the Nigerian Universities Commission as the most suitable management software for Nigeria’s universities. Socketworks’ packaged solution for universities is helping universities automate their processes (eg: student admissions and registration, course selection, course management, exam management, facility management) that are currently done manually and is providing internet access that would not otherwise be available. These services are making an enormous difference to universities in Nigeria that otherwise have no ICT systems. Socketworks is currently focused on the Nigerian markets, but has ambitions to expand to other countries in Africa.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Aloy Chife
President/Chief Executive Officer
Socketworks Limited
#20 Admiralty Way
Lekki Phase One
Lagos
Nigeria
President/Chief Executive Officer
Socketworks Limited
#20 Admiralty Way
Lekki Phase One
Lagos
Nigeria