Out of the five operators that were in the competition to acquire financially-strapped operator Orange Niger, only Telecel Centrafrique and Rimbo Holdings remain in the race. Maroc Telecom, MTN and Vodafone are now out.
According to Confidentiel Afrique, Telecel RCA was the favourite with its offer deemed the best while Rimbo Holdings gained the stand with its interesting social plan that guarantees the current Orange Niger’s employees.
The media reports that the current Orange Niger’s managing director Dominique Aubert has a high preference for Rimbo Holdings whose founder is Rhissa Mohamed, a member of Orange Niger’s administrative board. The final decision should be known by shareholders and strategic partners by June 12, 2019.
Orange’s withdrawal from Niger is the result of poor financial performances recorded by the operator in the last two years. These performances compelled it to launch a preventive settlement proceeding on 20 February 2019. In its 2018 financial report, Orange revealed that due to the uncertain political and economic environment as well as strong fiscal pressure, its Nigerien subsidiary recorded €52 million and €43 million depreciation of its fixed assets in 2017 and 2018 respectively.
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Portuguese glass-packaging group BA Glass seeks approval to acquire a 41.28% controlling stake in Tunisia’s Sotuver. The transaction values the block...
Shareholders rejected a A$170 million equity placementinvolving Afriland Bourse & Investissement and Eagle Eye Asset Holdings. Canyon Resources...
Proparco commits $15 millionto the African Transition Acceleration Fund (ATAF), a vehicle targeting early-stage climate infrastructure in...
Shell identified gas shows in the Sirius-1X exploration well drilled offshore Egypt in the Mediterranean. The well lies in the North East El‑Ameriya...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...