New Delhi, April 29 -- Blue Cloud Softech Solutions share price traded higher on Wednesday after the company announced signing of an agreement for projects in Africa. The small-cap stock rallied as much as 2.44% to Rs.19.73 apiece on the BSE.

AI-driven enterprise solutions provider Blue Cloud Softech Solutions announced the signing of a Memorandum of Understanding (MoU) with GCIB for Africa Ltd. (Global Council for Investment and Business for Africa), to collaborate on strategic initiatives with a primary focus on the development of a Digital Factory in Senegal and other technology-driven socio-economic projects in Senegal and other African countries.

The objectives of this MoU are to establish a non-exclusive framework for collaboratio...