Maroc Telecom, Morocco’s largest telecoms operator, on Friday reported an adjusted profit of 6 billion dirhams ($674 million) in 2020, down 0.4%. RABAT: Maroc Telecom, Morocco’s largest telecoms operator, on Friday reported an adjusted profit of 6 billion dirhams ($674 million) in 2020, down 0.4%. Revenue rose to 36.7 billion dirhams, up 0.7%, as an improvement...
Maroc Telecom (IAM) has published its financial results for the three months ended 30 September 2020, reporting a 3.1% decrease in revenues from MAD9.209 billion (USD996 million) to MAD9.174 billion, attributed to a 7.0% drop in sales generated by the group’s domestic unit, which was partly offset by 0.7% increase in revenues from its international...
Nadia Fassi-Fehri is leaving Inwi after 5 years at the head of the telecoms company. She justifies her departure for personal reasons. She has been replaced by Azzedine El Mountassir Billah, the former CEO of the ANRT who will have several challenges to overcome, including the internationalization of Inwi. Azzedine El Mountassir Billah (photo), the former CEO...
Pan-African cross-border payments services provider MFS Africa has announced a partnership with Moroccan mobile money provider inwi money to roll out international digital money transfers and payments services to Morocco. According to a statement released to the media, the move marks MFS Africa’s first significant partnership in North Africa, which is home to approximately 2.9...
Morocco is making progress in its quest for an effective digital strategy to become a regional and continental digital hub. On September 11, the related document was at the heart of an improvement session which brought together the Minister of ICT Moulay Hafid Elalamy and the various players in the sector. The Moroccan Minister of Industry,...
Maroc Telecom (IAM) has published its financial results for the three months ended 30 June 2020, reporting a 1.3% increase in revenues from MAD8.895 billion (USD923 million) to MAD9.014 billion, attributed to a 5.8% rise in sales generated by the group’s international operations, which was partly offset by 3.9% decrease in revenues from its domestic...
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...
