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.”
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
United States, Côte d’Ivoire sign $487 million five-year health partnership Deal targets HIV, malaria, maternal health and system...
Côte d’Ivoire ruling RHDP wins 197 of 255 parliamentary seats Result consolidates President Ouattara’s control of executive and...
Egypt receives $3.5 billion initial payment from Qatar-backed coastal project Deal targets Mediterranean real estate and tourism...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislation aligns with FATF standards and UEMOA 2023...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...