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Orange Middle East and Africa enhances partnership with World Bank’s Multilateral Investment Guarantee Agency to expand coverage in region.

Orange Middle East and Africa (OMEA) (https://www.Orange.com) has partnered with the Multilateral Investment Guarantee Agency of the World Bank (MIGA) to secure guarantees for its subsidiary, including mobile money.

OMEA and MIGA have strengthened their collaboration to obtain guarantees that will help in expanding its telecommunications infrastructure in the Middle East and Africa (MEA) region. This partnership, facilitated through the International Development Association Private Sector Window (IDA-PSW) via the MIGA Guarantee Facility, covers all aspects of Orange’s operations in the MEA region. The objective is to drive significant progress in telecommunications infrastructure, improve connectivity, and promote economic development.

Jérôme Hénique, CEO of Orange Middle East and Africa (OMEA) stated: “This ongoing alliance with MIGA will allow us to expand our activities safely and fulfill our commitment to utilize our expertise and resources to drive sustainable development and empower communities in the Middle East and Africa.”

Hiroshi Matano, MIGA Executive Vice President, mentioned: “MIGA is pleased to support OMEA in expanding telecom services across the Middle East and Africa. Enhanced access to mobile connectivity is essential for economic prosperity. Digitalizing economies in Africa is a top priority for the World Bank Group. Our support enables Orange to continue building networks for mobile banking and other data services. MIGA guarantees are a valuable tool to attract foreign investment in low-income countries.”

Distributed by APO Group on behalf of Orange Middle East and Africa.

Press contacts – Orange:
Stella Fumey
stella.fumey@orange.com

Ibtissame Nafii
ibtissame.nafii@orange.com

Press Contacts – MIGA:
Elizabeth Howton
(202) 458-5922
ehowton@worldbankgroup.org

About Orange Middle-East and Africa (OMEA):
Orange operates in 18 countries in Africa and the Middle East with 149 million customers as of December 31, 2023. Generating 7.1 billion euros in revenue in 2023, Orange MEA is the leading growth area in the Orange group. Orange Money, its flagship mobile-based money transfer and financial services offer, is available in 17 countries with over 90 million customers. As a multi-services operator and a key partner in digital transformation, Orange provides expertise to support the development of new digital services in Africa and the Middle East.

About MIGA:
MIGA was established in 1988 as a member of the World Bank to encourage foreign direct investment in emerging economies by mitigating risks such as restrictions on currency conversion, breach of government contracts, expropriation, and civil disturbances. Since its inception, MIGA has provided over $76 billion in guarantees across 123 developing countries, supporting more than 1,000 projects. Over the past decade, MIGA’s guarantees have created over 156,000 jobs in developing countries.

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