OneOrder, an Egyptian logistics and supply chain tech company for the HoReCa industry, raised $16 million in a Series A round to expand into the GCC region. The company aims to streamline supply chains with AI-assisted technology, enhancing operations for over 1,370 customers with comprehensive solutions.
Yango reaffirmed its commitment to Africa’s development at the CEO Africa Forum in Kigali. Operating in over 13 countries, Yango focuses on empowering local SMEs and enhancing urban transportation through technology, with plans to expand partnerships and services across the continent.
Telenor, Grameenphone, and Plan International have launched the “Digital Inclusion: Safe Digital Space for Girls and Youth Project” to empower over 2.35 million marginalized women and youth in Bangladesh, focusing on enhancing digital literacy, skills, and creating a safe online environment.
Qetaat’s Chief Business Officer, Mr. Sadeq Abdulrasool, highlighted the significant e-commerce growth potential in Bahrain’s construction sector at Seamless Middle East 2024, emphasizing increased transparency, regional market opportunities, and the benefits of digital trade.
Orange and Digital Africa have partnered to support and invest in startups across Africa and the Middle East. The collaboration aims to enhance entrepreneurship and innovation, with startups potentially receiving up to $50,000 in their first year through the Fuze scheme.
Telecom Egypt has secured a $200 million medium-term loan from Banque Misr UAE to refinance short-term facilities. The five-year loan will be repaid using foreign currency revenues, enhancing the company’s liquidity and aligning with its proactive capital expenditure strategy to mitigate forex risks.
Core42 and Microsoft Azure have launched JAIS 30B Chat, an advanced Arabic AI model. This collaboration aims to enhance AI accessibility for 422 million Arabic speakers, providing transformative solutions across industries. JAIS 30B Chat excels in cross-lingual conversations, content generation, and reasoning, fostering innovation and improving service delivery globally.
The Moroccan government has announced a new program to extend high-speed internet to 1,800 rural areas, part of its National Plan for the Development of High and Very High Speed Broadband. This initiative, aligned with the National Digital Development Strategy 2030, aims to boost economic growth, improve public services, and foster digital inclusion.
Morocco plans to launch 5G internet service by 2030, aligning with its 2030 digital strategy and in preparation for co-hosting the World Cup with Spain and Portugal. The initiative aims to enhance online data speed and expand rural internet coverage, recognizing digital connectivity as essential for various sectors post-pandemic.
e-finance has acquired stakes in Al Ahly Momken (25%) and EasyCash (13%) to expand its digital payments presence in Egypt, supporting Vision 2030. This partnership aims to leverage e-finance’s technology to develop innovative payment solutions, enhancing services for over 90,000 merchants and 5 million customers.
