Entlaq, in collaboration with the Netherlands Enterprise Agency (RVO) and the Embassy of the Netherlands, launched a Fintech Report highlighting Egypt’s growing financial technology sector. The report outlines key trends, challenges, and opportunities, positioning Egypt as a leader in MENA’s fintech space and emphasizing the importance of financial inclusion.
Egypt’s internet users have reached over 82 million, and the country has earned global recognition for its cybersecurity efforts, ranking among the top 12 nations in the Global Cybersecurity Index. Despite rising cyber risks, Egypt remains committed to enhancing digital security and supporting global cybersecurity initiatives.
Egypt’s financial inclusion rate reached 74.8% by the end of 2024, with 52 million citizens using transaction accounts. This growth is attributed to efforts in empowering women, youth, and entrepreneurs with accessible financial services. It aligns with Egypt’s Vision 2030 and aims to promote economic empowerment and digital banking.
Bangladesh’s mobile financial services transactions are projected to exceed Tk 25 lakh crore by 2025, reflecting the rapid growth of digital financial services. The Bangladesh Bank has upgraded its RTGS system and is working on a mobile interoperability platform to further enhance financial accessibility and security.
Robi Axiata reported its highest-ever profit for 2024, with a 119% increase in profit to Tk703 crore. The company also proposed a 15% cash dividend to shareholders, marking its largest payout since 2020. Despite challenges, Robi continues to invest in digital infrastructure and maintain a strong 4G network.
PLDT Global has partnered with stc Pay Bahrain to offer enhanced digital financial services to Filipinos in Bahrain. The collaboration integrates PLDT Global’s digital vouchers, bill payments, and mobile top-up services into stc Pay Bahrain’s app, expanding the range of services available to the Filipino community.
Egypt has been ranked third among Africa’s top technology investment destinations for 2024, securing $297 million across 89 deals. The country also leads in fixed broadband speeds and excels in internet speed, cybersecurity, and technological development, reinforcing its influence in Africa’s growing digital economy.
Algérie Telecom has launched a variety of Ramadan offers to enhance internet services, including discounts on modems, extra subscription days, and data packages for customers. The company also introduced the “IDOOM El Khir” solidarity caravan to distribute food to charity restaurants, reaffirming its commitment to digital access and social responsibility.
EDGE Group’s KATIM and Nokia have partnered to develop secure telecommunications networks for mission-critical defense applications in the UAE. Their collaboration focuses on creating Military 5G and 5G-in-a-box solutions to ensure robust, secure, and reliable communications for national security and critical sectors.
The Minister of Communications and Information Technology, Mohammed Ahmed Al-Mahdi, inaugurated the VIP sales and service lounge in Ibb city, emphasizing the expansion of telecom services. He also inspected the construction of Yemen Mobile’s main service center, urging adherence to technical specifications and timelines to improve local services.
