Morning Brief December 25th 2024

ECONOMIC HEADLINES

| MOROCCO | TELECOMS | Figures in Q3 2024
According to ANRT, the global mobile phone base stood at 60.3 million subscribers in Q3 2024, bringing the penetration rate to 161.3% against 154.8% a year earlier. By operator, the number of mobile subscribers reached 19.8 million for Maroc Telecom, i.e. a market share of 32.8%. Medi Telecom and Wana Corporate’s s market share stood at 33.6% each. As for the fixed line market, the penetration rate settled at 8.0%, stable compared to Q3 2023. Maroc Telecom has a market share of 56.3%.
Finally, the total number of Internet subscribers stood at 42.1 million, up 6.6%. The Internet penetration rate stood at 112.7% in Q3 2024 against 103.5% a year earlier. In this context, Maroc Telecom holds a market share of 31.6% against 68.4% for the other operators.

| BURKINA FASO | FINANCING | $ 31.4 Mn in funding from the IMF
The Executive Board of the International Monetary Fund (IMF) approved on December 19th 2024, the second review under the Ex-tended Credit Facility (ECF) arrangement for Burkina Faso, allowing an immediate disbursement of approximately $ 31.4 Mn (or approximately FCFA 19.8 Bn). This financing supports the economic reform process in a context of security and climate challeng-es.

 

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