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.
Indorama to invest $210M in Senegal phosphate sector upgrade ICS to expand fertilizer, acid ...
• Parliament approves Virtual Asset Service Providers Bill 2025 to regulate digital assets• Central ...
• The five-year plan allocates 388 billion pulas to boost growth and jobs.• Focus areas include tran...
• World Bank raises 2025 growth forecasts for Benin, Mali, Burkina, Côte d’Ivoire• Senegal and Niger...
Copper prices hit $10,775/t, their highest since May 2024, driven by a weak dollar and recent...
Release by Scatec signed two solar leasing deals: a 23.75 MWp plant in Liberia and a 40 MWp facility in Sierra Leone. The Liberian project will boost...
Ghana’s government plans to exempt import taxes on machines used for agro-food processing to cut costs for processors and boost value addition. Large...
Morocco and Russia signed a memorandum of understanding (MoU) on October 16, 2025, to establish a joint working committee between their foreign...
Africa eyes seafarer shortage to boost maritime workforce role Training expands, but lack of investment hinders industry integration African...
The Great Zimbabwe National Monument stands as one of southern Africa’s most iconic archaeological sites, a silent witness to a thriving African...
African countries prepare to celebrate Intangible Cultural Heritage Day Planned events spotlight traditions, rituals, and cultural...