Orange News

Orange & Vodafone are seeking to purchase 65% of Etisalat Nigeria

Orange, Vodafone are reportedly seeking to purchase 65% of Etisalat Nigeria

Orange Telecom and Vodafone are seeking to purchase 65 percent of Etisalat Nigeria following the departure of the UAE-based Etisalat Group from its Nigerian business, reports Brandish citing unnamed sources.

World Bank launches program, XL Africa, to support Africa’s top tech entrepreneurs. Credit: infodev.org

World Bank launches program, XL Africa, to support Africa's top tech entrepreneurs

With support from prominent African investment groups, XL Africa will help 20 selected startups attract early stage capital of between $250,000 and $1.5 million.

Kenya telecoms regulator says has no intention to split company. Credit: qz.com

Kenya telecoms regulator says has no intention to split Safaricom

Kenya’s telecoms regulator said on Tuesday it had no plans to break up any company in the sector.

Cyril Collon, General Partner, Partech Ventures

African tech startups raise record-breaking $370M in 2016: Partech Ventures (Infographic)

At Partech Ventures, we have been tracking for the past 3 years the dynamics of African tech investment, to better understand the investment landscape on the continent.

Orange Seeks Africa Deals as Wireless Carrier Eyes Expansion

Orange Seeks Africa Deals as Wireless Carrier Eyes Expansion

Orange SA is seeking deals in Africa as France’s biggest wireless carrier targets the continent as a source of additional revenue growth, according to a company official.

A Jumia office: In 2016, Jumia became Africa's first "Unicorn". Credit: qz.com/Reuters/Akintunde Akinleye

Here's what could happen if Africa's top mobile operators and start-ups work together

Telecom operators across the African continent continue to face significant risks when it comes to revenue growth.

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

Kenyan banks want a bigger share of the mobile money action. Credit: qz.com/Reuters/Thomas Mukoya

Kenyan banks are closing in on what they think will be the perfect M-PESA disruptor (Infographic)

Early next year, Kenyan banks are expected to unveil a digital and mobile money transfer platform to rival M-Pesa’s longstanding dominance as the scramble for cashless payments intensifies.

Abidjan, Ivory Coast

Ivory Coast: Tech Hub on the Rise

Following years of political turmoil, Côte d’Ivoire is growing quickly and attracting investment. Now, the government is trying to position the country as west Africa’s technology and start-up hub.

Tech companies help foster the startup ecosystem in Africa. Credit: Reuters/Thomas Mukoya/qz.com

Half of the tech hubs in Africa are located in South Africa, Kenya, Nigeria, Egypt and Morocco

A total of 314 tech hubs and incubation centers was recorded in July by the global telecoms industry body GSMA’s Ecosystem Accelerator, a program that works to enable partnerships between operators and developers on the continent.

Mobile Economy - Africa 2016: GSMA

The mobile economy - Africa 2016: GSMA (Infographics & Report)

At the end of 2015, 46% of the population in Africa subscribed to mobile services, equivalent to more than half a billion people. The region’s three dominant markets – Egypt, Nigeria and South Africa – together accounted for around a third of the region’s total subscriber base.

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets. Credit: sokopay.com

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets

From Nigerian fintech to East African fiber, several exciting and diverse companies are emerging as IPO contenders in Africa’s rapidly growing Technology, Media & Telecommunications (TMT) sector, according to specialist news provider TMT Finance.

Stephane Richard, Chairman and CEO of Orange

French telco giant Orange to invest $85 million in Nigerian e-commerce group Africa Internet Group

French telecommunications company Orange is to invest 75 million euro ($85 million) in Nigerian e-commerce group Africa Internet Group (AIG) and become a shareholder, the two companies said on Tuesday.

Bharti Airtel to sell 1,350 towers in Tanzania to American Tower Corp

Bharti Airtel to sell 1,350 towers in Tanzania to American Tower Corp

Bharti Airtel Ltd, the world’s third largest communications services provider, has signed an agreement with American Tower Corp., to sell approximately 1,350 towers in Tanzania.

Africa's mobile subscriptions grow fastest globally

Africa's mobile subscriptions grow fastest globally: ITU

Africa experienced the largest growth in mobile subscriptions of any world region in 2014, according to Analyse Africa’s analysis of data from the International Telecommunications Union (ITU).

Orange Strikes $160M Deal for Tigo DRC

Orange Strikes $160M Deal for Tigo DRC

Orange is set to continue its acquisition spree in Africa with a $160 million takeover of Millicom’s Tigo-branded mobile phone business in the Democratic Republic of Congo.

Orange buys Bharti Airtel operations in Burkina Faso and Sierra Leone

Orange buys Bharti Airtel operations in Burkina Faso and Sierra Leone

French telecom incumbent Orange has agreed to acquire Bharti Airtel’s businesses in Burkina Faso and Sierra Leone in a continuation of its expansion strategy in West Africa.

France's Orange acquires Liberia's largest cell phone company Cellcom in Africa expansion move

France's Orange acquires Liberia's largest cell phone company Cellcom in Africa expansion move

France’s Orange has agreed to buy Cellcom Liberia from privately held Cellcom Telecommunications Ltd. for an undisclosed sum as part of its expansion strategy in West Africa.

Orange to sell 70% stake in Telkom Kenya to Helios

Orange to sell 70% stake in Telkom Kenya to Helios

Orange confirmed an agreement to sell its 70 per cent stake in Telkom Kenya to Helios Investment Partners for an undisclosed sum.

Smile Telecoms raises $365M from African investors to expand broadband coverage across the continent

Smile Telecoms raises $365M from African investors to expand broadband coverage across the continent

Smile Telecoms plans to grow its broadband network in Africa after raising $365 million in debt and equity financing.

Seed funding for African tech startups is really taking off

Venture capital funding for African tech startups is really taking off - here's why

It is well established that VC investing globally is on the rise, but there is increasing evidence that more of this money is landing in Africa too, as the continent is now deemed a less risky place for investors to put their cash.

A man walks past the Orange shop on Koinange Street in Nairobi. Credit: businessdailyafrica.com

Private equity firm Helios launches bid for France Telecom stake in Telkom Kenya (Orange Kenya)

Helios Investment Partners is the latest suitor said to be gunning for some or all of the 70 per cent stake in Telkom Kenya owned by France Telecom.

Cynthia Gordon, incoming CEO of Millicom Africa

Millicom appoints Cynthia Gordon as CEO of Africa division

Millicom announced the appointment of Cynthia Gordon as Executive Vice President and CEO of its Africa Division.

Airtel is losing its fight against Safaricom for Kenya's fast-growing mobile market

Airtel is losing its fight against Safaricom for Kenya's fast-growing mobile market

Airtel Kenya is engaged in a mighty battle against Safaricom for Kenya’s growing mobile market. The telecom company is struggling to put a dent in Safaricom’s dominance, but they are getting left behind.

Safaricom's M-PESA

The battle between Africa's mobile phone companies and banks is a boon for financial inclusion

Another week and another bank in Africa is entering the mobile money space.

M-PESA dominates mobile money in Kenya. (Reuters/Thomas Mukoya)

Safaricom and Airtel Kenya are taking their latest mobile money spat to court

The battle over Kenya’s mobile money space just got a little uglier.

Ato Eshetu, CEO, Ethiopian Commodity Exchange (ECX)

Ethiopia Commodity Exchange (ECX) appoints Ato Eshetu as CEO

The Board of Directors Office of the Ethiopia Commodity Exchange today announced the appointment of Ato Ermias Eshetu as Chief Executive Officer of the ECX.

Africa telecoms firm Eaton Towers raises $350M war chest to fund expansion across continent.

Africa telecoms firm Eaton Towers raises $350M to fund expansion across continent

African telecoms company Eaton Towers has raised a $350m war chest to fund expansion across the continent.

Employees stand inside a mobile phone store specializing in the sale of Samsung Electronics Co. handsets in Nairobi, Kenya, on April 17, 2013. Photographer: Trevor Snapp/Bloomberg

Europeans Selling Mobile Payments Should Ask Africa for Help

As telecommunications carriers in Europe seek a share of the billions of dollars likely to flow to companies that build mobile-payment systems, Claudio Chiche has a few words of advice: Ask Africa for help.

Orange and Ecobank launch money transfer service between Orange Money accounts and bank accounts

Orange and Ecobank launch money transfer service between Orange Money accounts and bank accounts

Orange (http://www.orange.com) and pan-African banking group Ecobank have rolled out a service that will enable Orange Money subscribers who also have bank accounts with Ecobank to transfer money between their respective accounts.

Stéphane Richard, Chairman & CEO, Orange

Orange said to explore purchase of some Bharti Africa assets to tap explosive growth in sub-Saharan Africa

Orange SA has explored various acquisitions in Africa including assets owned by Bharti Airtel Ltd., as the French company seeks to bolster its business in the region, according to people familiar with the matter.

Africell

Africell Plans to Invest $150 Million to Upgrade Uganda Operations

Lebanon-based telecommunications company Africell plans to invest up to $150 million to improve the network of its recently acquired Ugandan unit, Orange Uganda Ltd., over the next three years, a company executive said on Monday.

Ziad Dalloul, CEO, Africell

Africell on mission to secure U.S. private equity investment

Africell Holding, the largest mobile-phone operator in Sierra Leone and Gambia, is courting U.S. private-equity firms including Providence Equity Partners, KKR, and Carlyle Group, hoping to sell a stake in the company, which is valued by the owner at up to $1.5 billion.

Smartphone use in Africa

Boosting smartphone use in Africa: Success strategies of industry players

The high penetration of mobile phones in Africa has been one of its success stories.

M-PESA, Safaricom, Kenya

Kenya's Safaricom is ordered to share M-PESA agents with rivals

The Competition Authority of Kenya (CAK) has gazetted an order requiring mobile operator Safaricom to share its mobile money transfer agents with other telecommunication firms.

A customer transfers cash to his mobile phone in Kenya's capital Nairobi

Mobile Money: The Battle for Africa

As enthusiasm for mobile-phone-based payments grows in Africa, operators are rushing to get a piece of potentially lucrative and ever-expanding markets and to challenge more popular and established mobile-payment services, such as Kenya’s M-Pesa.

Ziad Dalloul, CEO of Africell

Telco Disruptor Africell Looks for Gaps Amongst Giants

Africell, a small African mobile telecommunications company run from Lebanon, is planning to expand across Africa’s fast-growing telecommunications markets

Mobile Phone User in Africa

Africa's telecoms frontier (Video)

Sub-Saharan Africa is the fastest growing region in terms of mobile subscriptions.

Safaricom

Safaricom agrees to open up M-PESA agent network to competitors

A battle to open up Kenya’s M-Pesa agents network in Kenya has come to an end.

Tower sharing in Africa

Helios Towers Africa Raising almost $1B for regional expansion

Helios Towers Africa, the owner of telecommunications towers in three countries on the continent, is raising almost $1 billion in capital to expand in the region, Chief Financial Officer Andres de Orleans Borbon said.

James Mwangi, CEO, Equity Bank

Equity Bank-Airtel Partnership and Other Mobile Virtual Network Operators (MVNOs) Compete for Mobile Money Share in Africa with Established Players

Mobile virtual network operators (MVNOs) are set to shake things up and challenge established players in the African telecom market.