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
Guinea saves $26.9M after verifying public workers via FUGAS system Only 130,000 of 277,000 staff confirmed through biometric checks FUGAS...
Platform matches corporate needs with local tech solutions in real time Aims to boost national innovation, digital transition, and competitiveness...
Talks explored collaboration with VITIB on startups, research, and smart services Visit follows Côte d'Ivoire's $146M 2026 digital...
Benin proposes $48M 2026 digital budget, down 6.3% from 2025 Funds target AI integration, broadband expansion, and media...
Most Read
01

S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...

S&P Raises Zambia’s Foreign-Currency Rating to CCC+
02

Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...

Tanzania’s Mobile Money Goes Global: Vodacom Partners with Visa, Alipay, and MTN
03

Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...

Anthropic Partners with Rwanda, ALX to Deploy Claude-Powered AI Learning Companion Across Africa
04

Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...

Mauritania Advances Blockchain Policy to Modernize Digital Public Services
05

CBE raised $200 million in senior debt as a second tranche arranged by Standard Bank New fun...

CrossBoundary Energy secures $200mln for African expansion
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.