See also:
» 27.02.2011 - Investors fear Morocco riots
» 16.11.2009 - Lower levies on trade – federation official calls
» 20.10.2009 - DRC and Morocco elected to new forest financing programme
» 07.07.2009 - Morocco signs €155 million loan agreement with France
» 10.06.2009 - Morocco invests $37.3 million in tourism
» 01.04.2009 - Morocco to modernise its educational system
» 31.03.2009 - Morocco and Tunisia get $2.5 billion in energy investments
» 20.03.2009 - $1.5 million grant for Morocco tech development

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Economy - Development

Maroc Telecom acquirs 51% in Mali

afrol News, 14 July - The Moroccan telecommunications operator Maroc Telecom has acquired 51 percent stake of the capital in the Mali telecommunications worth 275 million euros.

According to official sources in Rabat, the agreement was signed last week in the capital of Mali, Bamako. The chairman of the board of Maroc Telecom, Abdeslam Ahizoune, the Malian Minister of Communication and New Technologies in charge of the privatisation process, Mariam Diarra Plantio Diallo and the Malian minister of Economy and Finance, Sanoussi Touré were said to have penned the deal.

During his speech at the signing ceremony of the agreement, Mr Ahizoune said the success of the operation demonstrates the common will to strengthen economic cooperation between two sister countries. “This agreement is the result of a process to which we devoted enough time and energy," he said.

Mr Ahizoune said the company has received the support from two major shareholders, to boost economic cooperation with Mali. “It also aims to enhance cultural ties, despite a global economic crisis without precedent," added Mr Ahizoune.

“Leaders in Morocco compared to all market segments present in Europe, Mauritania, Burkina Faso and Gabon, Maroc Telecom will benefit the Malian operator and also get experience and expertise needed," said Mr Ahizoune.

The ceremony of signing of this agreement took place in the presence of the Head of State of Mali, Amadou Toumani Touré, the Prime Minister of Mali, Modibo Sidibé, members of the Malian Government and the Moroccan ambassador in Mali, Moulay Driss Fadhil.

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