Orange Partners with NSIA to Deploy Services in West Africa

French operator Orange clinched a partnership agreement with the Ivorian group Nouvelle Société Interafricaine d’Assurance (NSIA) to offer banking services in West Africa, through a joint-venture 75 percent- held by Orange and the remaining 25 percent owned by NSIA, Bloomberg reports.

The partnership targets retail, micro credit and insurance services. Under the agreed terms, the joint-venture will use assets from Diamonds Bank Plc, francophone subsidiary of Nigeria’s giant Diamond Bank acquired in November 2017 by NSIA.