MediaNewsKibo exit Orange Madagascar

3 February 2021by kib_admin

After supporting Orange Madagascar’s growth during ten years, the consortium of minority investors led by Terra Mauricia and Kibo Fund divested in January 2021 its 16% stake in Orange Madagascar.

Kibo Fund initially invested in the company in April 2010. Throughout its investment period it saw Orange Madagascar become a dominant player in voice and data services and successfully implemented a financial service platform, Orange Money, though its subsidiary Orange Money Madagascar.

Enexus Finance and BLC Robert & Associates acted as the financial advisor and legal advisor respectively in this transaction for the Malagasy telecom market.

“Madagascar is among the fastest growing telecom markets in Africa and offers a lot of potential for operators. We are happy to participate in this transaction with one of the leading telecom player in Africa,” said Julien Lefilleur, Managing Partner of Enexus Finance.


Copyright by KIBO CAPITAL. All rights reserved.

Copyright by KIBO CAPITAL. All rights reserved.