Orange Niger SA announces today the signing of a financing agreement with Coris Bank International Niger for an amount of 31,000,000,000 FCFA.

The funds thus raised will be used to finance Orange Niger's investment plan for the 2020 financial year, in particular:

1. Acquisition of the 4G license
2. Modernization and extension of the network
3. The deployment of 4G and 4G+ technologies

With this ambitious modernization program, Orange Niger is thus decisively strengthening its connectivity and network coverage, while commissioning the first 4G+ network in Niger by the end of 2020.

This is the meaning of the words of Mr. Souleymane Diallo, Managing Director of Orange Niger, who declared “ We are very happy and proud to have been able to conclude such an important financing agreement with Coris Bank International. This once again reflects the solidity of our recovery plan put in place since the takeover of Orange Niger by Zamani Com SAS in November 2019, and which is already reflected in significant growth in all our indicators. Our objective is clear, we want to be the reference digital operator in Niger, and this requires upgrading our network with the latest technologies ”.

This operation is therefore fully in line with the operator's growth strategy for the coming years, but also in line with the positioning of Coris Bank International, which has been present on the local financial market for barely a year and is already very active. on large-scale structured support and innovation at the service of its customers and partners, as announced by the Managing Director, Ms. Rakiatou Idé Issaka: " in a context where the telecoms sector is experiencing strong technological changes with challenges significant development, this strategic partnership with our bank, Coris Bank International, will allow us to strengthen the relationship of trust and consolidate the local commercial dynamic. Our ambitions for Niger are strong and they cover in the short and medium term the extension of the distribution network; commitment to the digital transformation of processes, products and services; the launch of the Islamic branch; subsidiarization and ISO certification of the Quality Management System ”.

About Coris Bank International

Coris Bank International Branch of Niger is an entity of the Coris Group, of which it shares the solid financial base, the capital diversified know-how and the tools of modern expertise.

Ranked 7th ^Banking Group in the sub-region by the WAMU Banking Commission in its 2018 report, the Group is present in the banking market with the strong vision of actively participating in the socio-economic development of African countries. Thus, Coris Bank International (CBI) invests in the development and fulfillment of the populations of the countries in which it operates through the support of various projects. The pan-African banking and financial group, whose capital is held by a majority shareholder from WAEMU, is now present in seven countries of the Union and will soon launch its activities in Guinea Conakry. Its areas of intervention are diversified and are structured around two umbrellas:

• CORIS HOLDING SA , Financial Company approved by the Banking Commission of WAMU, which supervises the poles:
• Bank (seven banks which are CBI Benin, CBI Burkina Faso, CBI Côte d'Ivoire, CBI Mali, CBI Branch of Niger, CBI Senegal, CBI Togo and soon CBI Guinea Conakry);
• Islamic Finance (six Branches Coris Bank International BARAKA);
• Mesofinance (Coris Mesofinance);
• CORIS INVEST GROUP , which oversees the financial division comprising:
• Insurance (Coris Assurance IARD and Coris Assurance Vie);
• Financial Intermediation (Coris Bourse);
• Asset Management (Coris Asset Management);
• the Service Intermediary (IDS);
• Investment and Consulting (Coris Capital).

CBI won the prize for the best bank in West Africa on August 26, 2020 at the African Banker Trophies.