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French Telecom Giant Orange Sees Revenue Surge, Boosted by African & Middle Eastern Markets


Entrepreneurship

Orange Reports Revenue Surge Driven by Africa & Middle East

The French telecom behemoth Orange reported a 0.5% gain in sales for the fourth quarter, coming in at €10.4 billion.

Orange's focused investments in important development regions are responsible for its success in Africa. This category has increased by 18.4% as a consequence of the company's focus on growing mobile data offerings. Orange Money, the company's mobile banking service, grew by 20.4%, while fixed internet services also increased by 19.5%.

Orange Middle East and Africa served over 149 million users and made €7 billion ($7.2 billion) in 2024. Orange Money is widely accepted, as evidenced by the fact that over 90 million clients in 17 countries have used the service.

The company's significant infrastructure investments further reflect its dedication to the area. Orange made a €1.2 billion investment in the Middle East and Africa in 2023 to help roll out fixed infrastructure and 3G and 4G mobile networks. The goal of this investment is to satisfy the region's growing need for digital services.

Another important factor in promoting innovation in Africa is Orange Ventures, the company's venture financing division. Orange Ventures Africa, which has a committed staff in Cairo and manages €50 million ($51.9 million), invests in innovative entrepreneurs to help firms grow and expand throughout the continent.

Additionally, Orange has teamed up with Digital Africa to triple the amount of money it invests in and supports companies in its incubation centers in the Middle East and Africa. The goal of this partnership is to hasten the growth of digital entrepreneurship in the area.


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