04 March 2025

Maroc Telecom’s capital expenditures in its sub-Saharan African subsidiaries operating under the Moov Africa brand reached MAD7.96 billion in 2024, representing a growth rate of 75% compared to the MAD4.54 billion invested by the company in 2023.

3.54 billion dirhams were devoted to the purchase of frequencies and licenses. In Mali, the operator paid 160 billion CFA francs ($256.2 million) to renew its telecoms license.

This comes amid growing momentum in Maroc Telecom’s investments in its sub-Saharan African subsidiaries. In 2022, the company invested 4.5 billion dirhams, compared to 2.98 billion dirhams in 2021. The company even invested 150 million euros in the construction of a new 9,414 km long submarine fibre optic cable to serve its Moov Africa subsidiaries.

Subsidiaries in sub-Saharan Africa are gradually becoming the group’s main growth driver. At the end of 2024, Moov Africa recorded a turnover of 18.7 billion dirhams, up 4.6%, driven by the growth of mobile Data (+15.6%), fixed internet (+21.1%) and mobile money (+14.4%). Meanwhile, turnover in Morocco fell by 2%, to 19.1 billion dirhams. A trend that is confirmed after 2023, where revenues in sub-Saharan Africa had increased by 6.6%, while those in Morocco had remained stable.