Sylndr, an Egypt-based online used car marketplace, has secured $7.5 million in capital financing to fuel its growth. The funding, facilitated by EFG Hermes, will support Sylndr’s mission to revolutionize Egypt’s automotive industry by offering more accessible financing options and expanding its inventory.
UAC Nigeria has launched the 1879 Tech Hub, a new initiative aimed at driving digital transformation in African businesses. The hub focuses on integrating technology into business operations, improving customer experiences, and helping companies become digital natives. It is designed to set new standards for business technology across the continent.
The “MY KUWAIT ID” app introduces three verification levels: Medium, High, and Verified, each offering different features based on the registration method. These levels provide users with secure access to services such as civil ID, document verification, authentication, and electronic signatures, ensuring a high standard of data protection.
Abu Dhabi Islamic Bank Egypt (ADIB) has announced an EGP 1 billion investment in technology and cybersecurity. The bank showcased its digital banking innovations and Islamic Sharia-compliant products at the Cairo ICT Exhibition. Subsidiaries like “Taka” and Arzaq also participated, highlighting advancements in consumer finance and microfinance.
Milaha has expanded its collaboration with Google Cloud to enhance its data and AI capabilities, focusing on data analytics and generative AI to optimize decision-making and customer experiences. This partnership also includes the Google Cloud Skill Boost Program to prepare Milaha’s workforce for future digital challenges.
Applications are now open for the second cohort of the Riyada Business Accelerator Program in Bahrain, aimed at tech startups with Minimum Viable Products (MVPs). The six-month program offers mentorship, funding opportunities, and business strategy insights, helping startups enhance operational efficiency and connect with industry leaders and investors.
e& Enterprise and Cloudera have formed a strategic partnership to accelerate digital transformation in the Middle East. By combining AI, data management, and industry expertise, the partnership aims to drive innovation, improve efficiency, and create scalable solutions for sectors such as telecom, healthcare, finance, and government.
Morocco has improved to 76th place in the 2024 Network Readiness Index (NRI), climbing one position from the previous year. The report highlights the role of digital public-private partnerships (DPPPs) in advancing global digital transformation and emphasizes the need for robust governance frameworks to drive sustainable progress in ICT.
Mohammad Al-Marshed has been appointed as Zain Group’s new Chief Technology Officer (CTO) on November 24, 2024. With over 22 years of experience in telecommunications and ICT, Al-Marshed brings expertise in digital transformation, networks, and leadership across diverse projects and cultures, making significant contributions to Zain Group’s technological advancements.
Cairo ICT 2024 concluded successfully, highlighting AI’s impact on data centers, advancements in cybersecurity, blockchain, smart city initiatives, and IoT. The event showcased Egypt’s digital prowess and strategic movement towards a digital-first, green future, marking a significant leap in technology and sustainability.
