Ncell has received an “A” rating from ICRA Nepal for a Rs 22.60 billion loan, reflecting the company’s strong financial health despite revenue declines. The rating highlights Ncell’s steady profitability, strong management, and effective cost control strategies. The telco maintains a dominant market share in data services.
Morocco plans to roll out 5G as part of preparations for the 2025 Africa Cup of Nations and 2030 FIFA World Cup. The country aims to achieve 25% 5G coverage by 2026 and 70% by 2030. Additionally, satellite technology and fiber-optic infrastructure will enhance rural and public connectivity.
Cairo Amman Bank has partnered with Mastercard to improve cross-border money transfers for its customers in Jordan using Mastercard Move’s capabilities. This collaboration aims to enhance financial inclusion and facilitate secure, efficient payments to 37 countries. The partnership also includes tailored fraud analytics and risk control services.
SelectUSA Tech has launched its first-ever tech startup pitching competition in Egypt, aiming to promote US investment. The winning startup will be sponsored by the US Embassy to attend the SelectUSA Tech competition and National Harbor Summit in Maryland. The initiative focuses on supporting Egyptian startups’ growth in the US market.
NigComSat has teamed up with Eutelsat to deploy LEO satellites, enhancing internet connectivity in Nigeria and across Africa. This collaboration supports Nigeria’s digital transformation, aiming to bridge the digital divide and expand broadband access. The LEO satellites will provide faster internet speeds and lower latency for underserved regions.
PTCL announced that internet services in Pakistan are fully operational after the complete restoration of the AAE-1 undersea cable. The repair resolves the slow internet speeds and disruptions that users experienced in 2024. Additional bandwidth minimized disruptions, ensuring a seamless browsing experience for users, including Meta platforms.
Microsoft is expanding its presence in the UAE with the launch of an Engineering Development Center in Abu Dhabi. This move strengthens its commitment to innovation in AI, cloud, and cybersecurity. The center will foster tech talent, support economic growth, and contribute to global technological advancements.
Bangladesh’s rollout of 5G faces obstacles such as infrastructure gaps, delays in spectrum allocation, and customer preparedness. Despite challenges, the country’s 5G adoption is expected to drive digital transformation, offering opportunities in sectors like telemedicine, e-commerce, and smart cities. Learning from India’s 5G success can help overcome these hurdles.
Zain Group has selected seven Kuwaiti nationals for its 10th cycle of the Generation Z graduate training program. The program focuses on developing leadership, digital innovation, and technical skills across key sectors. Participants will support Zain’s 4WARD strategy and contribute to the company’s digital transformation.
Al Baraka Islamic Bank has successfully implemented SafeNet, an AI-driven fraud prevention solution, in collaboration with Global Payment Services (GPS). The solution enhances the security of digital payment channels, ensuring real-time transaction analysis and compliance with Central Bank of Bahrain regulations, while boosting customer trust in the bank’s services.
