The World Bank has allocated $ 500 million to Morocco to support the digital transformation initiated by the State. The objective is to create development opportunities and more inclusive growth for households, private companies, and improve the provision of public services. On June 22, 2020, the Board of Directors of the World Bank approved financing of...
The 2019 KnowBe4 African Report collated insights from more than 800 respondents across South Africa, Kenya, Nigeria, Ghana, Egypt, Morocco, Mauritius and Botswana to determine their understanding of the growing, global cyber threat.
Despite the coronavirus crisis that is affecting the country and destabilizing all sectors of the national economy, including telecoms, the incumbent operator Maroc Telecom published positive financial results for the first quarter of 2020. The company has presented a consolidated turnover of 9,309 million dirhams (922 million USD), up 4.0% compared to the same period...
Orange Morocco has announced the launch of Orange Money in the kingdom, having secured approval from the Bank Al Maghrib, the North African country’s central bank. Morocco becomes the 18th country within the MEA region to offer the solution and means locals can make mobile payments and transfer money using their phones. Orange’s value proposition...
The legal battle between mobile operator Inwi and national operator Maroc Telecom, on since March 2018, has ended. Inwi had called the attention of Morocco’s telecom sector regulator, the National Telecommunications Regulatory Authority (ANRT) and accused Maroc Telecom of unfair competition based on its decision to block competitors from accessing local loop unbundling (LLU) and...
On the invitation of its majority shareholder, the royal holding company Al Mada, the board of directors of the mobile operator Wana, better known as the Inwi sales representative, decided to end the legal battle engaged since March 2018 against the historic operator Maroc Telecom for unfair competition. The decision of Inwi, which has always...
The Maroc Telecom group has published its financial results for 2019. The company is delighted to have achieved its objectives for the year, which mainly concerned the stabilization of its turnover, profit before interest, taxes, depreciation and amortization (Ebitda) and its investment expenses (capex) excluding licenses and frequencies. The company indeed recorded a total turnover...
Maroc Telecom (IAM) has published its financial results for the twelve months ended 31 December 2019, reporting a 1.3% increase in revenues from MAD36.032 billion (USD2.8 billion) to MAD36.517 billion, attributed to a 1.3% increase in sales generated by the group’s domestic unit and marginal 0.3% growth in revenues from its international operations. The telco’s...
Moroccan telecommunications operator Maroc Telecom is looking to appeal a fine of 3.3-billion dirhams (approximately US$340-million) it received from the country’s National Telecommunications Regulatory Authority (ANRT). ANRT said the fine is a punitive measure against the operator’s anti-competitive practices, based on analysis of the findings of a report in 2017. The regulator stated: “After an...
The share value of Maroc Telecom, known as Itissalat Al Maghrib (IAM), fell 7.52% on Monday February 3, 2020. It was the biggest daily drop for this company, first capitalization of the Casablanca Stock Exchange, since July 23, 2013, when its share had declined by 9.3%, according to data collected by the Ecofin Agency. In...
