Telecom

Ivorian Telecom Revenue Climbs 30% Over Four Years

Ivorian Telecom Revenue Climbs 30% Over Four Years
Thursday, 31 October 2024 16:52

The Ivorian government continues to implement its digital development strategy through 2025. With strategic investments, the country aims to strengthen its digital infrastructure and position its economy for a prosperous future.

The Ivorian telecom sector reported revenue of CFA1.219 trillion ($2.01 billion) in 2023, a significant rise of 29.68% from CFA940 billion in 2019. Guy-Michel Kouakou, head of Telecommunications Regulation at the Ivorian Telecommunications Regulatory Authority (ARTCI), shared this at a press conference in Abidjan on October 29.

This growth stems from substantial investments, with CFA244.4 billion dedicated to telecom infrastructure development in 2023 alone. By March 31, 2024, these efforts had expanded fiber-optic networks to 30,240 kilometers, reaching 8,080 of the country’s 8,518 localities—achieving a coverage rate of 94.86%.

Mobile phone usage has surged, with a penetration rate of 181.1%, while internet access grew to 74% of households in 2023, up 21% from the previous year. Mobile phones are now in 99% of households, with 66% of individuals—or approximately 17.9 million people—owning one. However, some rural areas still face minor digital access challenges.

These investments are part of Côte d'Ivoire’s National Digital Development Strategy (2021-2025), which outlines 32 reforms and a total projected investment of CFA2 trillion. If fully implemented, the World Bank estimates this plan could generate over $5.5 billion by 2025 and surpass $20 billion by 2050.

On the same topic
Egypt plans mobile phone exports from 2026, targets 15 million devices Strategy builds local ICT manufacturing; 40% value-added, 15 brands...
Gambia’s Gamtel signs $50 million PPP to modernise internet backbone Project boosts core network capacity from 50 Gbps to 800...
Kenya plans National Cybersecurity Agency to coordinate response to digital threats Cabinet backs proposal, parliamentary approval expected after...
Chad discusses Huawei partnership to advance Tchad Connexion 2030 strategy Talks target telecom expansion, connectivity access and public service...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...

NALA Secures Triple Licensing in Uganda, Accelerating East African Fintech Expansion
03

Silver hit a record $74.8 an ounce in late December 2025 Analysts see prices ranging from&nb...

Silver surges 155% in 2025, outlook mixed for 2026
04

US strikes in Sokoto test Nigeria's financial stability, causing Eurobond yields to surge and inve...

Nigeria: U.S. Military Intervention in Sokoto, a New Test for the Country’s Financial Credibility
05

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
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.