At the moment, TechAdvance’s Gpay helps electricity utility companies in Nigeria manage their data. Lamar Holdings on its part has a record of winning and delivering on contracts in the energy sector. And so, the Nigerian payment development company could not have picked a better investment partner.
Lamar Holdings says here that it helps its partners establish and expand their operations. With a track record of world class projects executed with partners like Arkad, Sinohydro and Atkins among others, it is only to be expected that the Saudi company will continue its modus operandi with TechAdvance.
Lamar Holdings had earlier indicated that it had plans to expand but stated that its interests were in opportunities within the rapidly growing energy sector of Saudi Arabia. With its investment move on TechAdvance, the Saudi company seems to have developed an interest in Africa’s booming financial sector.