Orange anticipates five percent MEA growth in 2019

Global telecommunications giant Orange has announced that it is expecting a five percent rise in profits and sales throughout Africa and the Middle East (MEA) this year, according to Reuters.

It is the fastest growing region for the company, having generated $5.2 billion and $1.7 in revenues and core operating profits respectively throughout 2018.

“The current pace is around five percent, and this is a pace we can keep on the long run, with a profitability performance at the same level, or even above,” said Ramon Fernandez, the company’s Chief Financial Officer.

The announcement comes after speculation that Orange is looking to grow its operational portfolio with expansion into Ethiopia, a move that is expected to come to fruition during 2020.