(Ecofin Agency) - Zamani Com S.A.S., which acquired a 100% stake in Orange Niger last November, announced an investment of CFA31 billion for a vast operation to modernize the mobile operator's telecom network.

With these funds, raised from the local branch of Coris Bank International (CBI), the telecom company, which acquired the 4G license in April 2020, plans to deploy the technology throughout the country and launch 4G+. According to Souleymane Diallo, CEO of Orange Niger, the financing obtained from CBI Niger “demonstrates once again the solidity of our recovery plan put in place since the acquisition of Orange Niger by Zamani Com S.A.S. in November 2019, and which is already reflected by significant growth in all our indicators.”

“Our objective is clear: we want to be the main digital operator in Niger, and that means upgrading our network with the latest technologies. We are now going to work on modernizing the network over the next three months, before rebranding and launching our new brand,” he said.

For Rakiatou Idé Issaka, Managing Director of CBI Niger, “this strategic partnership with our bank, Coris Bank International, will enable us to strengthen the relationship of trust and consolidate the local commercial dynamics. Our ambitions for Niger are strong and they cover in the short and medium-term the extension of the distribution network, the commitment to the digital transformation of processes, products and services, the launch of the Islamic branch, the subsidiarization and ISO 9001 version 2015 certification of the quality management system.”