Moov Africa Burkina (Onatel)

Stock performance

History

The Office National des Télécommunications (Onatel) was established in 1987 when Burkina Faso's post and telecom office was split. Morocco's Maroc Telecom bought a majority stake in its 2006 privatization and now owns 61%, and since 2021 Onatel has traded under the Moov Africa Burkina brand.

Business model

The company provides fixed-line, mobile, internet, and mobile-money services, and its shares are listed on the BRVM regional stock exchange.

Market position

Moov Africa Burkina is one of the country's two leading mobile operators, alongside Orange Burkina Faso, and the main fixed-line provider.

Country impact

As the historical operator, it owns much of Burkina Faso's backbone infrastructure, and its ownership by Maroc Telecom is part of Morocco's wider economic footprint in West Africa.