FreeBalance joins African economic development group



(Stock image)

(Stock image)

Published on December 1, 2010
Published on December 1, 2010
OBJ Staff  RSS Feed
Ottawa Business Journal

Ottawa's FreeBalance has joined the Canadian Council on Africa, a group working to improve economy in the southern continent, the technology firm said in a release.

Topics :
FreeBalance Accountability Suite , Canadian Council on Africa , Profit Social Enterprise , Canada , Sierra Leone , Ottawa

 

The firm has an experienced hand in developing financial tracking software for government and developing countries, and this summer deployed the technology across Afghanistan – a nine-year process.

Budget tracking is FreeBalance's specialty, with more than 60,000 users worldwide managing a global civil service workforce of 1.5 million.

"The company is uniquely positioned to support public financial management reforms in Africa," FreeBalance stated.

"FreeBalance has successfully rolled out modern public financial management systems in challenging circumstances: limited connectivity, low bandwidth, lack of electrical power, and low capacity."

The firm has announced agreements with Liberia, Uganda, and MCA Namibia and is also working in Sierra Leone and Southern Sudan. 

“FreeBalance looks forward to working with the Canadian Council on Africa to help promote greater economic activity in Africa,” stated Manuel Pietra, President & CEO at FreeBalance.

“FreeBalance has successfully worked with several African nations to modernise and reform their public financial management systems. This in turn has led to better governance, greater economic activity and increased investment, which benefits the people of those nations.”

 

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