Orange Group has confirmed it has completed the sale of its entire 95.5% stake in its Niger business to Zamani Com, after the transaction received approval from the relevant authorities. Zamani Com is wholly owned by Niger businessman Mohamed Rissa of Rimbo Invest, and Mali born Moctar Thiam of Greenline Communications, both minority shareholders of Orange Niger. The company’s services will continue to be marketed under the Orange brand during a transition period.
‘The Africa and Middle East region remains a strategic priority for the Orange Group. However, the market environment in Niger has led Orange to make this decision responsibly, prioritising business continuity for the benefit of the company’s customers and protecting the interests of the women and men working at Orange Niger,’ a press release from the French company stated. The value of the transaction has not been disclosed.