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GITEX AFRICA Morocco, set for April 14-16, 2025, in Marrakech, will showcase Africa's digital innovation and attract global investors, under the patronage of King Mohammed VI. The event aims to position Morocco as a tech hub, featuring over 1,450 exhibitors and 45,000 attendees from 130 countries, while highlighting the continent's startup ecosystem and fostering international partnerships.
Nokia has announced the launch of its AI-Ready Fiber Network in partnership with POST Luxembourg, enhancing connectivity and digital services. Additionally, the company has entered into a patent agreement with Amazon, signaling a strategic collaboration in technology innovation.
Established vendors like Nokia, Ericsson, and Huawei dominate the private 5G market, but startups such as Celona and Vilicom are gaining traction. Celona has over 100 customers and is being considered by John Deere, while Vilicom recently deployed a 4G LTE network for Bristol-Myers Squibb in Dublin. Other emerging players like Highway 9, with MIT as a key client, are also making their mark in the industry.
Huawei's revenue in Latin America grew 2.7% in 2024, reaching 36.3bn yuan (US$4.99bn), a significant slowdown from previous years. Despite facing bans in the US and Canada, the company outperformed competitors Nokia and Ericsson in the region's mobile networks segment, while Nokia's revenue fell below 1bn euros for the first time since the pandemic. Huawei's R&D spending reached 180bn yuan, accounting for 20.8% of its revenues, with notable growth in Intelligent Automotive Solutions and Consumer segments.
Nokia Oyj currently holds a "Moderate Buy" rating with a consensus target price of $5.85. The company, which provides mobile, fixed, and cloud network solutions, has seen institutional investments increase, with Charles Schwab boosting its holdings by 14% to $1.75 million. Despite a recent earnings beat, analysts have mixed views, with some lowering price targets and ratings.
Nokia projects that the number of users will reach 770 million by 2028, driven by advancements in 5G technology and the development of an AI-driven 6G roadmap. This growth reflects the increasing demand for enhanced connectivity and innovative solutions in the telecommunications sector.
The UK's directive to remove Huawei 5G equipment due to security concerns has raised alarms about increased reliance on just two vendors, Ericsson and Nokia, potentially jeopardizing network resilience. Despite the removal efforts, many base stations still operate on Huawei technology, and the anticipated benefits of Open RAN have not materialized, leaving telecom operators anxious about future transitions. The limited vendor landscape could hinder the UK's ability to ensure security and innovation in its telecommunications infrastructure.
Join the Gulf Business Business Breakfast on April 23, 2025, at the Metropolitan Hotel Dubai, focusing on technologies driving digital innovation in the region. The event features key speakers from leading companies in telecoms, AI, blockchain, and e-mobility, with discussions on industry transformation and regulatory impacts. Attendees will engage in dynamic panels, keynote speeches, and networking opportunities.
Nissan's new CEO, Ivan Espinosa, aims to accelerate decision-making and model development to revitalize the struggling automaker, emphasizing a need for a more empathetic corporate culture. He plans to introduce new vehicles in 30 to 37 months and is open to partnerships beyond the auto industry, while showcasing a lineup that includes electric and hybrid models. Meanwhile, Saudi Arabia's telecom sector marks a milestone with the launch of its first live Cloud Radio Access Network site, enhancing 5G capabilities and supporting the Kingdom's digital transformation initiatives.
Saudi Arabia's air travel sector saw a record 128 million passengers in 2024, a 15% increase from 2023, with domestic flights carrying 59 million and international routes 69 million. The Kingdom's airports improved service quality, with several achieving high compliance rates, including King Fahd International Airport at 91% and perfect scores for King Abdullah bin Abdulaziz and Abha International Airports. In telecommunications, the launch of the first live Cloud RAN site by Zain KSA and Nokia marks a significant advancement in 5G technology, expected to drive the sector's value to $13.41 billion by 2029.
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gitex africa morocco 2025 to showcase innovation and investment in technology
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