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
Nigeria approved the implementation of a geolocation-based alphanumeric digital postal code system to improve address accuracy nationwide. The...
The Ethiopian Securities Exchange has launched “Neway,” a web and mobile trading platform for investors. The tool allows users to open accounts,...
Nigeria will launch its National Single Window platform on March 27 to centralize trade procedures. The system will allow online processing of...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom network. The project will upgrade about 1,500 mobile...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...

As Hormuz and Suez Tensions Escalate, Africa Faces a Potential Energy and Trade Shock
03

Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...

Nigeria Advances Banking Reform With Strong Recapitalization Progress
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
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.