Business & Finance
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The Regulatory Authority for Telecommunications in Cote d’Ivoire (ARTCI) is reviewing three offers for new mobile concessions, including one from Monaco Telecom.
This comes just one week after ARTCI took the drastic action of removing the GSM mobile licences from Comium and GreenN for allegedly “underperforming,” capacity media.com reports.
Telecoms minister Bruno Nabagne Kone told the Reuters news agency that the government is considering offers from Monaco Telecom, Vietnam’s Viettel Group and the Libyan Post Telecommunications and Information Technology Company (LPTIC). Ironically LPTIC is the parent company of GreenN.
Nabagne Kone said: “We have three offers which will undergo an independent assessment, then a decision will be taken by the government.” He also said that the watchdog may decide to preserve the three-operator market – comprising Orange, MTN and Moov – if the offers are not good enough. This is contrary to ARTCI’s stated aim of re-aligning the region’s mobile market within a four-player framework.
To stimulate the market, ARTCI is promising a fair redistribution of spectrum resources. For its part the watchdog expects any new player not just to be able to provide a good GSM phone service but also be capable of providing fixed line, fast data and internet connections.
A number of sources have stated that Viettel Group is considered the most likely successful candidate given its track record in markets such as Burundi, Cameroon and Tanzania.
The position of Secretary General in the Prince’s government, left open by the retirement of Robert Colle, is being filled by the current Deputy Secretary General, Marc Vassallo.
During his annual address to the press, National Council President Stéphane Valeri was optimistic for 2022, saying "there are reasons to hope that we can get back to a quasi-normal life.”
Businesses that are suffering an economic loss under the fifth wave of the pandemic will once again receive assistance from the government.
Prince Albert has chaired the first meeting of his new Cabinet headed by Laurent Anselmi at the Prince's Palace, unprecedentedly made up of half women, half men.
Agricorp Invest SA, a unit of the Monaco-registered group Monaco Resources, has acquired a majority stake in the Macedonian mushroom and vegetable processing plant, Bonum, the company said.
Agricorp Invest S.A., via its wholly owned subsidiary Agri Food Invest Luxembourg, which operates and develops agricultural and food projects in Africa, Europe and Asia, said in a statement it “is pleased to announce a diversification of its portfolio by investing in Bonum, a company based in Skopje and near Kumanovo, in the Republic of Macedonia.” The value of the deal was not disclosed.
Commenting on the deal in a Facebook post, former prime minister and ruling party leader Nikola Gruevski, said the brownfield investment is planned to create 100 new jobs within a year. The plant will be reorganised and its production is expected to double as a result of the investment, he added. Monaco Resources, at 2, rue de la Lujerneta, has operations spanning mining, agribusiness, energy, logistics and financial services. (Source: seenews.com)