First Independent Mena Newspaper
Maroc Telecom’s growth expectations for 2014 have been fulfilled as the net income of Morocco’s leading telecommunications group increased by 5.6% to MAD 5.850 billion compared to MAD 5.540 billion a year earlier, i.e. a net margin of 20.1% in progress by 0.7 points. Last year, the consolidated revenue of Itissalat Al Maghrib or IAM […]
Maroc-Telecom, the incumbent telecommunications operator in Morocco, announced it has finalized the purchase of the branches it acquired from the United Arab Emirates telecom group Etisalat in Côte d’Ivoire, Togo, Gabon, Benin, Central African Republic and Niger. The deal between the two operators worth over $ 536 million was struck last spring when Etisalat became […]
The 5th edition of the Global Entrepreneurship Summit (GES 2014), which was held in Marrakech (Morocco) from 19 to 21 November, brought together over 3000 entrepreneurs, together with heads of state, high level government officials, global entrepreneurs, small medium enterprises (SMEs), corporate leaders, and young entrepreneurs. The summit, convened under the theme: “Harnessing the power […]
The positive evolution scored by the sector of information technologies in Gabon as evidenced by the launch earlier this year of the 4 generation of mobile telephony services has made of this country a pioneer in Central Africa. Gabon Telecom, one of the most vital internet providers in this Central African nation, was actually the […]
Morocco’s leading telecommunications group Maroc Telecom or IAM seems upbeat about its growth in 2014 as the financial results for the first half of the current year showed a slight increase compared to the same period last year. The company’s turnover actually reached 14,564 Billion Moroccan dirhams to 14,468 Billion during the same period of […]
Morocco’s leading telecom operator, Maroc Telecom, will acquire six African subsidiaries of its new majority shareholder UAE Etisalat for $ 650 million. By acquiring Itisalat branches in Benin, Côte d’Ivoire, Gabon, Niger, Central African Republic and Togo, the Moroccan operator will expand its activities in the continent and become a genuine telecom “hub” in French-speaking […]
Maroc Telecom, the leading telecommunications operator in Morocco, held its General Assembly on Tuesday (April 22) to officially celebrate the entry of the new majority shareholder, the UAE Etisalat, which acquired 53% of the company’s capital, previously held by Vivendi. Etisalat reached the € 4.2 billion deal with Vivendi in November last year after months-long […]
Morocco which boasts a genuine growth potential in addition to its political and economic stability can serve as a launching pad for U.S. investors wishing to operate in sub-Saharan Africa. The statement was repeated as a leitmotiv by several US and Moroccan officials and economic operators who were attending the second US-Morocco business development conference […]
King Mohammed VI of Morocco who is on a four-nation tour in Africa, the second in less than a year, launched on Monday a heartfelt call for boosting inter-African cooperation, rebuilding Africans’ trust in their own potentials, overcoming Afro-pessimism and unleashing the continent’s intellectual and material potential. “Africa should learn to trust Africa… and African […]
Morocco’s Phosphates group, OCP, is about to complete the construction of a fertilizer plant in Jorf Lasfar (110 km south of Casablanca) whose entire output will be destined to the African market. The plant, costing about $ 600 million, is expected to produce one million tons of fertilizers per year that will be wholly exported […]