Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Telecom

Orange invests $50.4 million in new headquarters in Côte d’Ivoire

Thursday, 23 November 2017 15:23

(Ecofin Agency) - In order to boost its presence in Côte d’Ivoire, the mobile operator Orange has started the construction of new headquarters which are estimated to cost CFA28 billion ($50.4 million) in the country.

According to Stéphane Richard (photo), CEO of Orange Group, who was present at the launch of construction works on Nov. 22, 2017, the building will regroup close to 900 workers dispatched across various municipalities of Abidjan. The works will last 24 months. 

The new investment made by the group, its CEO indicates, falls in line with its will to position itself both in Ivory Coast and West Africa in the long term. Looking at its size and economic dynamism, Côte d’Ivoire has a telecom market on which orange wishes to leverage more to expand its services in the region. A while ago however, it was Senegal that was holding this position. However, due to growth forecasts for Côte d’Ivoire; 8% in 2017, 8.1% in 2018 and 8.2% in 2019 according to the World Bank; and the position of the country in the West African Monetary Union (WAEMU), it is attracting many major international firms, not only Orange. 

Bruno Nabagné Koné, Ivorian minister of communication, digital economy and posts, said that since 2015, Orange has significantly contributed to the development of the country’s digital ecosystem. Indeed, the firm has invested CFA230 billion ($414 million) in the telecom sector to improve connectivity in the country. This has helped Côte d’Ivoire rise in the global connectivity ranking, based on its ITC development index.





 
Finance


 
Mining


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.