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Orange Ventures invest in “BOB” Jordanian entrepreneurial project
Orange Jordan announced that Orange Ventures Africa and Middle East invested € 50,000 in Back Office for Business Jordanian entrepreneurial project, coinciding with the conclusion of the MEA Seeds challenge, which was launched in June by the Global Fund. The project was selected based on specific criteria, the most important of which is; the high growth potential and the strategic value provided to the local community, as the project provides a comprehensive solution for online sale and demand for companies and merchants, through dedicated, affordable, and ready to run in hours applications for any business that wants to be online.
Orange Jordan said that this challenge launched by the Global Fund embodies its support for youth leadership and digital innovation through sustainable programs and competitions, and as an international company with local spirit, pointing that this interest also falls within its CSR strategy and its role as the digital partner of the Kingdom, in addition to the vision of the Group for the leadership sector.
The Global Orange Fund provides support and investment for entrepreneurs who harness modern technologies in a variety of fields, such as communication, agriculture, commerce, education, health technologies, and e-government to create positive impact across the countries where the Group operates, to provide financial investment that reaches € 150,000, in addition to the incubation that includes logistical, marketing, technical and advisory support provided by Orange Jordan for a year.
Through this global challenge, the project will provide the use of software as services, and its annual, semi-annual, and quarterly plans will provide mobile and web applications for companies on three business levels covering all areas of retail trade from restaurants, cafes, clothing, grocery stores, mobile stores, pharmacies and e-commerce stores.
BOB applications are designed to compete with the latest in user experience technology, UI UX, and dynamic features suitable for any business, including fast design and processing, order tracking, tracking and notes, online payment, bilingualism, content management system, tax management Coupons, plus unprecedented unique features like order sharing and one account for all end users.
More than 500 start-ups submitted to the challenge from 7 countries, namely Cameroon, Ivory Coast, Egypt, Jordan, Morocco, Senegal, and Tunisia, which were evaluated and reviewed by the investment teams and the specialized committees in the fund to select the winners.
The total investments provided by the Orange Ventures Fund amounted to € 600,000 to contribute to supplying the local environment with projects, growth potential, and supporting youth entrepreneurs in the region.
Orange Jordan is a leading provider of multi telecom services, offering a broad lineup of fixed, mobile, internet and data services to meet personal and business needs of expanding residential and business base of about 5 million customers across the Kingdom. Over 1600 employees are dedicated to lead the company to ultimate levels of excellence.
The company, also, stands as the provider of the strongest Internet for its mobile, home and business customers, via the most advanced infrastructure. As Orange Jordan continues to invest in all its networks, it also stands as the sole provider of the latest version of the fourth-generation network (4G+) and serves the largest share of Fiber customers in the local market.
Orange Jordan is one of Orange Group’s subsidiaries that offer a wide range of communication services not only to individuals but also to businesses under the brand Orange Business Services (OBS), through which a comprehensive set of IT and telecommunication services are offered to multinational companies.
The company’s sustainable Corporate Social Responsibility strategy focuses on empowering youth, women and people with disabilities in three main areas: Digital inclusion, Digital Education and Entrepreneurship via its Community Digital Centers, Startups Innovation Growth Accelerator (BIG), Orange Coding Academy, Scholarships for students majoring in technological Disciples, Universities’ Innovation Labs, and Digital Accessibility program “Differently Abled, Definitely Enabled”.
In December 2019, Orange Group announced the strategic plan for the coming five years, Engage 2025, which aims to reinvent Orange’s operator model, accelerate in growth areas, place data and AI at the heart of its innovation model and build the company of tomorrow.
This new strategy is considered a work frame and a strong local commitment guided by social and environmental responsibility, as it will embrace fostering a business model that is devoted and liable to its employees, customers and society as a whole.
It also sets the group and its subsidiaries committed to tackling the climate challenge, by dedicating the efforts to achieve carbon neutrality by 2040.
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About Orange
Orange is one of the world’s leading telecommunications operators with sales of 41 billion euros in 2018 and 148,000 employees worldwide at 30 September 2019, including 88,000 employees in France. The Group has a total customer base of 268 million customers worldwide at 30 September 2019, including 209 million mobile customers and 21million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new "Engage 2025" strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
