3G Licence in Côte d’Ivoire
Alink Telecom, leading pan-African alternative telecom operator discusses the potential benefits of 3G in Côte d’Ivoire.
imported 2024-03-17 17:43:07
Alink Telecom, leading pan-African alternative telecom operator discusses the potential benefits of 3G in Côte d’Ivoire.
Simat has proven over the years that is has a profitable business model. The Company grew by 10% in 2007 and 16% in 2008. 2011 will be the year of lesser growth but the outlook for 2012-2017 remains very positive. SIMAT is ranked third in the transit sector after Bolloré and GTMA.
Simat’s strategy on the short term is to consolidate and restructuralize the financial structure of the company (notably to increase the asset base) and on the long term to grow in the sub-region.
Simat was created from A to Z by an Ivorian entrepreneur. Currently, the company is listed on the Euronext in Paris and is eyeing the sub-regional markets. The CEO of the company presents Simat and its activities
The shipping, transit, freight forwarding, handling, storage sector has been negatively affected because of the post electoral crisis.
The main obstacle for Ivorian entrepreneurs, especially in capital intensive industries, is to secure long term financing. Mr. Eholie, an Ivorian entrepreneur talks about entrepreneurship in Côte d’Ivoire and how Simat is trying to secure long term financing.
In a video interview, Mr. Eholie, an Ivorian entrepreneur, offers his advice for the international investors that consider investing in West Africa.
Video interview with Michel Hérbert assessing current situation in Côte d’Ivoire and outlook for the telecom sector. According to Comium the vision of the ministry of PTIC, to transform Côte d’Ivoire onto a knowledge economy is feasible within the next decade.
SIFCA’s partners are Wilmar (Wilmar International Limited is an investment holding company engaged in the provision of management services to its subsidiaries. It operates in five segments: palm and laurics comprises the merchandising and processing of palm oil and laurics related products) and Olam (Olam International Limited operates as a supply chain manager and processor of agricultural products and food ingredients primarily in Asia, the Middle East, Australia, and Africa. The company engages in sourcing, processing, packaging, and merchandising agricultural products. It operates in five segments: Edible Nuts, Spices and Beans).
The biggest challenges for SIFCA and many other regional companies is smuggling and not respecting the free trade agreements. ECOWAS region still needs to develop and enforce the free trade between the member countries. Second issue is smuggling, due to the post-electoral crisis in Côte d’Ivoire the borders are loosely secured; widespread smuggling of sugar from South America and palm oil from Asia, free of any taxes/duties is rampant. The local companies are at the disadvantage. Despite the challenges, SIFCA remains optimistic for the future. With security restore the border issue should be resolved.