🇲🇦MoroccoNorth Africa
Maroc Telecom reports 1.3 billion DH net profit in Q1 2026
via Le Matin1 min read
Maroc Telecom achieved a consolidated revenue of 9.3 billion DH in the first quarter of 2026, marking a 5% increase. This growth was driven by a 1.8% rise in its customer base, reaching 76 million, and increased usage. The Moov Africa subsidiaries were a primary contributor, growing by 8.5%, with their customer base expanding by 3.9% and revenues boosted by Mobile Data, Fixed Data, and Mobile Money. In Morocco, activity stabilized, with Mobile Data and Fixed Data fiber optics offsetting declines in voice and ADSL services. Maroc Telecom's EBITDA reached nearly 5 billion DH in Q1, up 6.1%, with an EBITDA margin of 50%, thanks to controlled operating expenses. However, the Group's net profit decreased by 3.4% to 1.3 billion DH due to the social solidarity contribution. Excluding this impact, the profit would have improved by 3.3% compared to the same period last year. The company maintains a high cash level, with cash flows growing by 13.8% to 2.3 billion DH, enabling a 50% increase in investments excluding frequencies and licenses to 1.3 billion DH, primarily focused on broadband.
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This summary was AI-generated from a story originally published by Le Matin.
The European Bank for Reconstruction and Development EBRD is developing a regional support program for sustainable coastal tourism for Morocco, Egypt, and Türkiye. This initiative is part of "iCoast" Integrated Collaborative Approaches for Sustainable Tourism, funded by the Global Environment Facility GEF and led by the United Nations Development Programme UNDP. The "iCoast" initiative supports governments and tourism stakeholders in 14 countries to adopt more sustainable practices, focusing on policies and regulations, access to finance, greening supply chains, and knowledge sharing. The EBRD is leading a regional component for Morocco, Egypt, and Türkiye, countries that share a strong reliance on coastal tourism for economic growth, employment, and foreign exchange, with some of the most frequented coastlines in the Mediterranean and Red Sea basins. These nations have also developed national green transition policies in the tourism sector, aligning with "iCoast" objectives. The program addresses the increased pressure on coastal ecosystems from the accelerated global tourism recovery in 2024 and 2025, which has surpassed pre-pandemic levels. The GEF has allocated an initial $300,000 grant for project preparation, which will fund external consultants, environmental and social impact studies, stakeholder consultations, and a gender assessment. The ultimate goal is to establish an integrated financing and support program to make coastal tourism in these three countries a model
Morocco's oilseed sector is poised for a strong agricultural season this year, with cultivated areas expected to exceed 50,000 hectares, particularly for sunflower. This marks a significant recovery after seven years of severe drought. Mohammed El Baraka, president of the Interprofessional Federation of Oilseeds in Morocco FOLEA, expressed optimism at the International Agricultural Show of Meknes SIAM, attributing the positive outlook to exceptional rainfall. This record level of cultivation has not been seen since before the sector's liberalization. The return of rain alleviates uncertainties for a sector committed to ambitious 2030 goals outlined in its 2023 contract-program with the state. While the contractual framework is progressing, past droughts have impacted oilseed crops, causing delays in expanding dedicated agricultural areas. El Baraka noted that the sector is unlikely to return to its past highs of 200,000 hectares and 260,000 tons of production due to market liberalization. However, the new contract-program aims to meet 15% to 16% of national oilseed needs, a substantial increase from the current 1%. To revitalize the sector, FOLEA is establishing a technical center in Meknes, focusing on the upstream segment. This platform will aim to convince farmers to cultivate oilseeds by demonstrating the profitability of such investments. Agropol, a French association for international cooperation in oilseed and protein crop development, is providing technical assistance
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