Arzan Venture Capital has partnered with Ahmad Takatkah to launch Revenya Capital, a revenue-based financing firm focused on empowering tech startups in MENA. With an initial investment of $2 million, Revenya Capital aims to provide flexible, non-dilutive financing, leveraging AI to offer short-term loans for high-growth startups.
A report by the International Telecommunication Union reveals that Africa’s internet usage has surged from 181 million users in 2014 to nearly 646 million today, with projections indicating over 1.1 billion users by 2029. The cost of data has dropped significantly, driving greater internet access and growth in mobile internet usage.
Orange Jordan has inaugurated the Orange Innovation Lab at Mutah University, enhancing its digital program network across the Kingdom. This initiative aims to empower youth by bridging academic knowledge with market demands, offering students the tools and resources to develop entrepreneurial ideas and digital skills, fostering innovation and career growth.
Batelco and Qareeb Data Centers have partnered to enhance Bahrain’s digital infrastructure by developing the first White Space Data Centre as part of Beyon’s Data Oasis project. This collaboration aims to deliver colocation services and managed digital solutions to meet growing regional demand for scalable, flexible data centre solutions.
Zain and Kuwait University have signed an MoU to advance the knowledge economy in Kuwait by fostering innovation, science, and technology. The partnership focuses on building digital skills among youth, driving STEM initiatives, and supporting sustainable growth through education, training, and strategic collaboration between public and private sectors.
Egypt has reduced its mobile phone import bill by 99.9% in early 2024, shifting towards local manufacturing with eight new factories. Government discussions are underway on potential import fees, with calls for grace periods and exemptions. This move aligns with Egypt’s plan to boost self-reliance and cut foreign currency reliance.
Bahrain’s UNDP and Derasat are collaborating on a National Human Development Report to enhance digital transformation. The report will provide a roadmap for bridging the digital divide, boosting cybersecurity, and integrating technology into public services to support inclusive growth aligned with Bahrain Vision 2030 and the Sustainable Development Goals.
Ooredoo Algeria has launched a blood donation campaign to support the country’s health system, demonstrating its commitment to social responsibility. The initiative received strong employee participation, underscoring Ooredoo’s role as a responsible corporate entity that actively supports community welfare and addresses vital health needs.
Prime Minister Shehbaz Sharif reiterated the government’s commitment to achieving $25 billion in IT exports in the next three years. During a meeting with VEON Group, he discussed the rollout of 5G services and emphasized digital transformation and collaboration in areas like IT and artificial intelligence to drive a “Digital Pakistan.”
Dubatt Battery Recycling has partnered with Du to recycle used lead-acid batteries, aiming to process around 200 tonnes annually. The refined lead produced will supply battery manufacturers in the UAE and abroad. Dubatt plans to expand into lithium battery recycling, with operations expected to begin by early 2026.
