Moov Africa Gabon, the local subsidiary of Morocco’s Maroc Telecom, was spared a nationalization push that affected many strategic firms in the country.
Speaking at the Mobile World Congress (MWC), Gabon’s minister of digital economy made it clear that “the sector of telecommunications was not concerned by nationalization policies.”
Since Brice Oligui Nguima took power following a coup in the country, he set sights on large companies in the country in a bid to strengthen sovereignty.
Gabon has nationalized Assala Energy and the shares that Vivo Energy held in the Société Gabonaise d’Entreposage des Produits Pétroliers (SGEPP) in a bid to make Gabon a significant player in the hydrocarbons industry.
An economic commission in the country recommended the takeover of telecommunications companies.
So far, Maroc Telecom has evaded the nationalization plan. The company holds a 52% market share in Gabon, while its main competitor, Ariel Gabon, holds 48%.
Source: Extensia
