Naspers to list Prosus on Euronext Amsterdam in September

Prosus listing

Naspers announces
September deadline..

Wednesday, Jul 24th

Orange Cameroon continues to fight for mobile money dominance

Orange Cameroon continues to fight for mobile money dominance

As Orange Cameroon celebrates 20 years of operation in the country, a new study shows that it has registered over 3 million active subscribers of its mobile money service Orange Money, launched in 2012.

According to a report The Economic Footprints of Orange Cameroon, released by consulting firm Goodwill Management, some 4.5 million Cameroonians make use of Orange Money services.

However Cameroon's National Institute of Statistics has revealed that the company is still playing catch-up with its main rival MTN Cameroon in the provision of mobile money services in the country.

Goodwill Management's report shows that Orange Cameroon operations have led to the creation of 62,674 jobs, including 601 direct, 11,125 indirect and 50,948 along the chain. This helped the company generate FCFA 560-billion in revenue.

In 2018, the mobile telephony service provider directly contributed 2.7% towards the country's public investment budget.

The company's impact has been measured and recorded in five areas: financial intermediation and commercial activities (33%); education, health and other services (13%); public administration (12%); posts and telecommunications (7%), as well as wholesale trade (5%).

In 2018, Orange Cameroon reported a turnover of FCFA 194.8-billion, an increase from FCFA 10.5-billion in 2017.

Cameroon's telecommunications market continues to grow, despite the impact of stricter regulations on subscriber identification.

The country's internet penetration rate is at 48.7%, according to Orange Cameroon.


Zim govt wants minimum US$300-million for NetOne, TelOne Published on 15 July 2019

Authorities look to wrap up sale of majority shareholding in companies by year-end.

TomTom SA sells maps business to black entrepreneurs Published on 11 June 2018

TomTom SA's maps business has done a deal with local black entrepreneurs that will see it become 100% black-owned.

ContinuitySA named Platinum Reseller by Veeam Published on 23 July 2019

ContinuitySA is now a Platinum Reseller, the highest level in the Veeam ProPartner Programme.

Cameroon telcos establish association to secure bargaining power Published on 23 July 2019

Representative body encourages collaboration and aims to improve communications with regulator.