Telecom

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

Thursday, 23 November 2017 15:23

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.

On the same topic
EFCC and NASRDA sign cooperation deal on space-based surveillance Satellite tools to support investigations and asset tracing Illegal mining...
Rwanda held strategic discussions on cybersecurity, AI computing infrastructure, and digital sovereignty at the 2026 World Economic Forum. The...
Econet Wireless Zimbabwe placed artificial intelligence and machine learning at the core of its operating model. The company aimed to reduce costs,...
Egypt reinstates customs duties on foreign phones from Jan. 21, 2026 Egyptians abroad get 90-day exemption; tourists use foreign or tourist...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.