FreeBalance to Share Governance Good Practices at Forum Africa 2011

Sustainable development and private investment in Africa to be central themes of
Forum Africa 2011

Ottawa, Canada (6 September 2011) – FreeBalance, a For Profit Social Enterprise (FOPSE) software company that helps governments around the world to leverage robust Government Resource Planning (GRP) technology to accelerate country growth, is pleased to announce attendance at Forum Africa 2011. This event will be held in Montreal, Canada at the Queen Elizabeth hotel, 5 to 8 September 2011. The list of countries that will be represented includes: Benin, Cameroon, the Democratic Republic of the Congo, the Republic of the Congo (Brazzaville), Gabon, Kenya, Mali, Niger, Nigeria, Senegal, and South Africa. FreeBalance is a member of the Canadian Council on Africa and supports Public Financial Management (PFM) reforms with GRP implementations in Liberia, Uganda, Sierra Leone, Southern Sudan, and with MCA Namibia.

The mission of Forum Africa 2011 is to provide innovative tools and approaches for stimulating private investment in Africa. The international business gathering is expected to bring together over 500 participants, African, international and Canadian business, government, Non-Governmental Organizations (NGO) and International Financial Institution (IFI) leaders. Seminar topics at Forum Africa 2011 include: Infrastructure Development (Energy, Transportation, Telecommunications and ICT); Financing of International Trade in Africa; Sustainable Development in Africa’s Wood and Forestry Sectors; and Doing Business in Africa.

"We look forward to meeting delegates at Forum Africa 2011 to share experiences of adapting business processes and products to meet needs in Africa," said Manuel Pietra, President & CEO at FreeBalance. "We have seen the positive impact of modern GRP systems in Liberia, Namibia, Sierra Leone, Southern Sudan, and Uganda. FreeBalance helps these governments improve transparency, governance, and accountability, which leads to improved economic activity and an increase in private investor confidence."

The FreeBalance Accountability Suite is a GRP solution that supports transparency and accountability. FreeBalance solutions for governments and external aid projects and funds simplify administration and reduce transaction costs for government or private organizations managing aid projects. The FreeBalance Accountability Suite automates reporting to donors, project finance management, and project performance management. The FreeBalance solution operates in developing nations around the world, including low-capacity countries, and providing effective donor reporting that meets international standards.

FreeBalance customers span the globe and the user community includes public financial management professionals in 19 countries. FreeBalance operates in 15 customer time zones. FreeBalance software manages a global civil service workforce of 1,500,000, and also manages a quarter trillion ($US) annual budgets worldwide. FreeBalance is active in 19 countries, including Antigua & Barbuda, Afghanistan, Canada, Iraq, Kosovo, Kyrgyz Republic, Liberia, Mongolia, Namibia, Pakistan, Sierra Leone, Southern Sudan, Timor-Leste, and Uganda among others.

About FreeBalance
FreeBalance helps governments around the world leverage robust Government Resource Planning (GRP) technology to accelerate country growth. FreeBalance software solutions for public financial and human resource management support reform and modernization to improve governance, transparency and accountability. Good governance is required to improve development results. For more information, visit www.freebalance.com.

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