The African continent has the largest reserves of precious metals, with over 40% of the gold reserves, over 60% of the cobalt, and 90% of the platinum reserves.
Méditel becomes Orange in Morocco
With 14.2 million customers at the end of September 2016, Orange’s Moroccan subsidiary brings together the second largest number of customers within the group’s Middle East and African footprint.
and Chief Executive Officer of Orange, commented on the transition: “Our goal is to offer fixed and mobile digital services under a single brand, Orange, and to strengthen our position in Africa and the Middle East. We are delighted that Méditel is becoming Orange at a time when the Moroccan market is firmly turning toward digitisation. From today, the Orange brand serves over 55 million Arab-speaking customers across this region, which will strengthen our leadership and help us continue to invest in providing exceptional quality of service, and a unique and incomparable experience to Orange customers in this strategically important region for our group.”
Stéphane Richard, Chairman
Yves Gauthier, CEO of Orange
Orange, one of the world’s leading telecommunications operators, have announced the launch of the Orange brand in Morocco, where it will replace the Méditel brand. TELECOMS
in Morocco, added: “Our customers’ uses are evolving. Today, the Moroccan market is at a decisive turning point, and the challenge for us is to support the country’s digital development. Our goal is to continue the excellent work already accomplished in this field in recent years and to make Orange a standardbearer for the telecoms market in Morocco.” “We want to be the operator that gives its customers a unique connected experience and that is always there for its customers in their day-to-day connected lives, no matter what their needs or desires.” The Orange Group has backed Méditel since December 2010, when it acquired 40% of the company.
Africa50 to develop solar power in Jigawa state, Nigeria Africa50, the infrastructure fund for Africa, has signed a joint development agreement (JDA) for an 80 MW (AC) solar PV independent power project in Nigeria. RENEWABLE ENERGY
The project, near Dutse in Jigawa state, will be co-developed with Scatec Solar, a Norwegian integrated independent solar power producer, and Norfund, the Norwegian Investment Fund for Developing Countries.
10 News in Brief
The project includes the construction of a dedicated 132 kV overhead transmission line that will connect the plant to the Dutse substation. The electricity will be sold to NBET, Nigeria’s bulk purchaser of electricity, under a 20-year power purchase agreement. Under the JDA, Africa50, Scatec Solar, and Norfund commit their resources and funding to complete the development phase of the project and prepare it for
financial close. Benefiting from excellent irradiation, the plant will help to alleviate Nigeria’s significant power deficit and diversify the country’s energy mix. This will improve energy security and provide more reliable electricity to businesses and households, contributing to Nigeria’s sustainable economic growth and greenhouse gas emission reduction objectives.