The telecoms giant Orange recorded a net profit increasing by more than 13% for the 2023 financial year, to almost 2.5 billion euros, due in particular to the growth in its operating profit, a- it announced on February 15, 2024. The French company also ensures that it achieved a very good performance last year in Africa, with growth in its turnover of 11.4%.
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The French telecom company made its annual results public on February 15, 2024. In Africa and the Middle East, Orange achieved a very good performance with turnover growth of 11.4%. Increasing results in the 17 countries where Orange works.
Jérôme Henique, Africa and Middle East director of the group, savors at the microphone of Charlotte Cosset from the economics department: “ This beautiful growth of orange in Africa and the Middle East in 2023 is first and foremost the result of our investments, which are continuous and which are significant on the continent. We invest more than a billion euros each year and we have accelerated these investments in recent years: 1.25 billion in 2022 and 2023, mainly in infrastructure, because we must support the digital transformation of the continent. »
He details: “ These are the latest generation mobile infrastructures: 4G now, 5G, which we are gradually launching in our countries. Fixed infrastructure too. We make fiber in Africa, in the main African cities and capitals. »
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Growth driven in particular by the development of mobile Internet, fiber and business services. Fourth pillar: the “ mobile money », a sector in which Orange had experienced a decline in turnover following the arrival of new players such as Wave in West Africa. “ In approximately half a dozen countries, there was a price adjustment in 2021 and 2022 for mobile financial services on Orange Money.says Jérôme Henique. And we have adjusted both the experience that we offer to our customers, in particular the digital experience, all of the services that we offer them with not only transfer or payment services, but now also services credits and savings. And that caused a rebound in all countries, including countries which had experienced this decline, such as in Côte d’Ivoire in particular. “.
He pursues : ” With overall growth in mobile financial services of over 25% this year. So, we returned to the path of growth in 2023 on Orange money with growth greater than the decline we experienced in 2022. »
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2023 was also marked by economic difficulties for certain states and a consequent drop in purchasing power. Orange has coped in particular by maintaining low prices, despite cost inflation, the operator further explains.