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On the 29th May, 2015 INVL Technology managed company Norway Registers Development AS (NRD) has signed a contract with UNITED NATIONS CHILDREN'S FUND (UNICEF) to develop a National Strategic Plan for Identification (NSPI) for 2014-2024 that will guide acceleration of national efforts to increase the birth registration rate and identification in Cambodia. The assignment is starting in June 2015 and is expected to be finished by the end of September.
The scope of NRD work includes review and recommendations for the existing legislation, policies and frameworks regarding birth registration and identification processes as well as the capacity and systems of the General Department of Identification.
Well-functioning Civil Registration and Identification systems are crucial for inclusive and sustainable development. They are important in safeguarding human rights, producing essential information, supporting good governance, improving development outcomes and monitoring progress towards nationally and internationally agreed development goals.
Currently, the national birth registration rate in Cambodia is approximately 62% which is considered low in comparison to Asian and Pacific countries birth registration rates. Behind this low average there are additional and significant regional and income-based disparities in birth registration rates.
It is expected that NRD will produce a National Strategic Plan for Identification which will detail effective strategies to increase birth registration and identification rates nationwide, both through use of analogue systems and processes and through the use of ICT systems including mobile phone technology.
Norway Registers Development AS (NRD AS) works in the field of business climate improvement and e-governance. Company assists governments and institutions in building vital economy facilitating infrastructure. Over the past 18 years, NRD AS has successfully accomplished more than 110 projects in over 40 countries in Europe, Asia, Africa and Latin America.
NRD AS shareholder is INVL Technology, AB - company, investing in IT businesses, listed on NASDAQ Baltic stock exchange. The Company was created after the merger of BAIP group AB and INVL Technology AB. At the end of 2014 equity of INVL Technology amounted to EUR 11.9 million.
INVL Technology operates as a cluster of B2B- and B2G-oriented IT businesses with a focus in four key areas: business climate improvement and e-governance, IT infrastructure, cyber security and IT intensive industries' solutions. The largest INVL Technology investments currently are companies in Lithuania, Norway, Tanzania and Uganda: Norway Registers Development AS with subsidiaries NRD UAB, NRD East Africa Ltd and Infobank Uganda Ltd, BAIP UAB, Acena UAB and NRD CS UAB.
INVL Technology intends to apply for closed end investment company license, issued by the Bank of Lithuania, in its essence becoming similar to a fund, and is preparing for EUR 21.66 million new share issue.