Maroc Telecom slips in Morocco, gains elsewhere
MOROCCOBy BiztechAfrica - July 26, 2012, 10:06 a.m.
Maroc Telecom has reported a 5.3% decline in revenues in Morocco, offset by a 21% increase in its other markets.
In its report for the first six months of the year, the telco noted strong growth in turnover (+21%), operating profit (+50%) and customer base (+37%) from its international operations.
However, revenues in Morocco dropped 5.3%, which the company attributed to persistent price cuts in the mobile segment.
The Group’s customer base showed growth of 13.7%, to over 31 million.
MORE MOROCCO NEWS
Microsoft, AFEM and INWI launch Cloud Startup AcademyThrough a new Cloud Startup Academy, Microsoft, AFEM and INWI will help 50 young Moroccan women create their own Cloud-based startups. Read More
IBM fuels innovation and entrepreneurship in AfricaIBM is further expanding its operations across Africa with the opening of two new IBM Innovation Centers in Lagos, Nigeria and Casablanca, Morocco. Read More
IDC: Moroccan ICT market driven by banking, telecoms, infrastructureThe Moroccan IT services market is set to expand at a compound annual growth rate (CAGR) of 10.3% over the coming years to total $472.37 million in 2017, says IDC. Read More
AFPIF 2013 underway next weekThe Africa Peering and Interconnection Forum (AfPIF) will be staged on 3 - 5 September at the Sheraton Casablanca Hotel & Towers, Casablanca, Morocco. Read More
New IBM Global Delivery Center for MoroccoIBM has announced a new Global Delivery Center in Casablanca that will create up to 400 ICT roles in Morocco over the next three years. Read More
‘Operation NetTraveler’ targets Government organisationsKaspersky Lab has published details of the malicious NetTraveler Toolkit, which infected over 350 high-profile victims for data theft and surveillance. Read More
AfDB meetings close in MarrakechThe annual meetings of the African Development Bank Group have closed in Marrakech, Morocco, after five days of intense brainstorming on current African development issues. Read More
Shoppers donate $6.26m to entrepreneursOver 226,000 micro entrepreneurs will benefit from an online and in-store fundraising drive in the US. Read More
Morocco cements ties with three African countriesMoroccan King Mohammed VI, on the last leg of his African tour, has expanded Morocco's relationship with Gabon. Read More
FEATURED STORYWidening ICT skills gap: Cause for concern
Nigeria's FDI gains could be eroded by the widening gap in indigenous skilled ICT manpower, writes Kokumo Goodie.
BEST READ NEWS
IN DEPTHKenya rolls out e-extension to improve agriculture
In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.