Telecom company KaiOS Tehnologies announced June 21 it has secured the support of French group Orange in raising $50 million to improve Internet access in Africa.
With this sum, KaiOs will reinforce its footprint on the growing market of smartphones; a market that should enable 827 million African people have access to digital services.
“We are looking forward to developing more innovative and tailored solutions that will reduce the digital gap in Africa, starting from 2019,” said Sébastien Codeville (photo), CEO of KaiOS Technologies.
The company already took a first step in this direction last May when it launched the Smartphone Sanza in partnership with Orange. The phone integrates voice recognition, long battery life and popular applications, and is sold in Cameroon, Côte d'Ivoire, Burkina Faso and Mali for $20 (11,642 FCfa).
In addition to the lack of telecom facilities, the high cost of quality telephones is also one of the main obstacles to Internet access on the continent. Alioune Ndiaye, CEO of Orange Middle East & Africa, said the group's investment in KaiOS Technologies will help the company develop more low-cost, high-performance mobile devices.
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...
Rwanda ranks first in Africa in the World Bank’s Business Ready 2025 with a score of 67.94. Benin and Senegal enter Africa’s Top 10 for the first time...
Carrefour signed a franchise and supply agreement to enter Ethiopia with Midroc’s Queens Supermarket PLC. The partners will convert 13 existing stores...
Acumen closed a $250 million blended-finance raise for off-grid electricity in sub-Saharan Africa. The H2R Amplify debt fund reached $180...
Ivory Coast expects a new government after the prime minister and cabinet resigned following December 27 legislative elections. The ruling RHDP won...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...