Africa Outlook



TELECOMMUN­ICATIONS GIANT Orange has announced the launch of Orange Money in Morocco.

The service will allow Moroccans to make payments and transfer money using their phones, this being the 18th country in Africa and the Middle East to offer the service.

Launched in 2008, the Orange Money mobile money solution allows millions of people excluded from the banking system to deposit, withdraw and transfer money.

It records exponentia­l growth – in 2019, $2.83 billion worth of transactio­ns were carried out through Orange Money by 45 million customers across the 18 countries in which it is operationa­l.

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