Orange (ORAN), formerly France Telecom, was mentioned recently in Barron’s as possibly a good stock to purchase for the long term. The company is on a cost-cutting crusade, and looks to significantly cut costs in the future.
“This may well be a stock worth looking into, both for its general growth prospects, and for its growth prospects in Africa.”
But what about the African growth prospects for Orange? Orange is having very strong growth in the Middle East and Africa, and the telecommunications business is growing at a very healthy clip in these places.
Below is a map that denotes the countries where Orange has a strong presence. Notice on the map that Orange’s coverage is mostly in the francophone (French-speaking) countries. (Notice that they are not in South Africa, Nigeria nor Ghana, although they are in Kenya.)
This may well be a stock worth looking into, both for its general growth prospects, and for its growth prospects in Africa.
Africa Investment Report covers not only the anglophone countries in Africa, but also the francophone and lusophone ones as well.
Find out where we’re going with these Africa investment ideas and concepts by signing up for our free newsletter! Sign up in the box to the right, and as a gift for doing so, get our FREE report: “How to Profit From Africa’s Growth Without Leaving Home”.