Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

4G/5G

Africa remains growth driver for Orange

Article Image
Africa & Middle East continues to be a growth region for the Orange Group, which on Thursday released its full-year results for the year ended December 31, 2019.

"I'd like to highlight that once again this year Africa & Middle East is one of the main growth drivers for the Group. We now have nearly 24 million 4G customers (+43%) and 18.2 million active Orange Money customers (+20%)," said Orange Group's chairman and CEO, Stéphane Richard, in the results statement.

Group revenues grew 0.6% in 2019, to €42.2 billion ($45.9 billion), and 1.1% in the fourth quarter, to €11 billion ($12 billion). This was driven by "very strong momentum" in Africa & Middle East, which saw full-year revenue grow 6.2% year-on-year, to €5.6 billion ($6 billion).

The annual growth was also helped by a solid performance in Europe and a return to growth in the enterprise segment, up 1.4% and 1.0% respectively in 2019. Meanwhile there was a slight decline in France of 0.3% and a decline in Spain of 1.5% in 2019 "due to that market's shift towards low cost".

Orange's 2019 Africa & Middle East performance
Orange's 2019 Africa & Middle East performance

In Africa & Middle East, 4G deployment continued, reaching more than 23.8 million customers by the end of 2019, an increase of 42.6% year-on-year. Orange now has 4G services in 15 of its Africa & Middle East countries.

Orange Money, with a base of 18.2 million active customers at the end of 2019, also grew 20.1% in one year. Orange Money made €425 million ($462 million) in revenue for the region during the year, a 27% increase from the previous year.

— Paula Gilbert, Editor, Connecting Africa

Innovation hub

Story

KaiOS targets merchant market for growth, digital inclusion

KaiOS Technologies, the creator of a mobile operating system for smart feature phones, is piloting affordable merchant payment terminals - which look like feature phones - in Africa to help underserved merchants and transport providers accept digital payments solutions.

Story

Ilara Health aims to improve quality of care in Kenya

Kenyan healthtech startup Ilara Health aspires to improve the quality of care in the country's clinics by providing equipment financing and digitizing facilities with its software.

More Innovation hub

Latest video

More videos

Guest Perspectives

Story

Leadership Lessons: The importance of mentorship for career growth

By Nollie Maoto

Nollie Maoto, First Rand Group's compliance chief data and analytics officer and Africa Tech Festival Leadership Council member, reflects on the importance of mentorship for career growth for African women in data analytics.

Story

Omdia View: May 2024

By Omdia Analysts

May 2024's telecoms highlights in the Middle East and Africa included African 5G subscriptions surpassing 5 million, growth from SpaceX's satellite Internet service Starlink, and a major fiber partnership in the Middle East and North Africa.

More Guest Perspectives

Sponsored video

More videos

Industry announcements

More Industry announcements

Upcoming events

Cyber Revolution Summit
August 9, 2024
Gaborone, Botswana
Africa Tech Festival 2024
November 12-14, 2024
Cape Town, South Africa
More Upcoming events

Africa Tech Perspectives

Story

Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.

Story

The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.

Story

Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

More Africa Tech perspectives

Partner perspectives

All Partner Perspectives

Follow us on X

Like us on Facebook

Newsletter Sign Up


Sign Up
Tag id test-002