LoftyInc Capital Management has raised $43 million for its LoftyInc Alpha Fund, aimed at late-seed investments in African tech startups. The fund will focus on key markets like Nigeria, Egypt, and Kenya, supporting sectors such as financial services, AI, and healthcare to foster innovation and scalable growth in Africa.
Prime Minister Mostafa Madbouly emphasized Egypt’s commitment to national digital transformation, focusing on automating company registration and digitizing government services for improved access and efficiency. The government’s efforts include launching new e-services, implementing the Unified Services Card, and collaborating with various ministries to streamline business and social services.
Telecom Egypt has partnered with Huawei to enhance its core network with Africa’s largest IMS and lightweight SBC solutions. The collaboration aims to optimize voice services, improve energy efficiency, and support the future growth of Voice over Broadband (VoBB) in Egypt, contributing to the modernization of Telecom Egypt’s network.
Visa’s 2024 report shows a surge in digital payments in Bangladesh, with a 14% increase in spending and 17% rise in transactions. Dhaka leads the growth, while other cities like Gazipur and Rajshahi also show rising adoption. Contactless payments and e-commerce transactions are key drivers in this shift.
EMOSIM has partnered with Tata Communications to launch Nigeria’s first travel eSIM, offering seamless connectivity for outbound travelers. By utilizing Tata’s MOVE™ platform, the collaboration aims to enhance network reliability, drive digital adoption, and promote technological advancement in Nigeria’s telecom sector, supporting the country’s vision for innovation.
Turkcell, in collaboration with Huawei, has integrated autonomous network functions into its IP Backbone Network, significantly improving energy efficiency and sustainability. This move aligns with Turkcell’s green energy initiatives, helping to reduce energy consumption and meet the growing demand for 5G-A and next-gen digital services while optimizing network performance.
Thunder Energy and Nokia have signed an MOU at MWC Barcelona 2025 to optimize energy management for telecom infrastructure in MEA markets. By leveraging AI-driven solutions, the partnership aims to improve energy efficiency, reduce carbon emissions, and enhance network reliability, supporting sustainability goals in the telecom sector.
Zain KSA has completed a cloud-based BSS/OSS transformation with Netcracker Technology, enhancing customer experiences, improving operational efficiencies, and supporting 5G services. The transformation reduces product development and activation times by 50%, aligning with Saudi Vision 2030 and digital transformation goals for a tech-enhanced quality of life in the Kingdom.
STC has partnered with Juniper Networks to expand its 5G services in Saudi Arabia. By deploying Juniper’s 400G PTX10008 routers, STC is enhancing network capacity, reducing power consumption, and future-proofing its infrastructure for 800G. The collaboration supports Saudi Arabia’s Vision 2030 and advances the country’s digital transformation.
Zain has partnered with eero to bring advanced mesh networking technology to Kuwait, making Zain the first telecom operator in the MENA region to offer eero devices. This collaboration aims to enhance home internet experiences, providing reliable Wi-Fi coverage through Zain’s 5G network with the eero Pro 6E.
