Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Qatar’s tech sector is rapidly expanding, driven by major investments in digital infrastructure and innovation. The government’s Vision 2030 aims for a digitally-driven economy, with companies like MagniPro Technology Services and UM Qatar leading the way in GCC rankings. Employee satisfaction is also on the rise, signaling growth and innovation.
The first edition of Invest-IT, a programme led by TIEC and ITIDA, showcased 15 Egyptian tech startups aiming to enhance investment readiness. In collaboration with Flat6Labs, it targets startups in the seed and pre-Series A stages, helping them secure funding and scale operations to drive sustainable growth.
Azentio Software has expanded its presence in the Middle East and Africa by opening new offices in Dubai and Cairo. These upgraded facilities underscore the company’s commitment to regional growth, client engagement, and local innovation. Azentio aims to enhance its service delivery and talent investment in the region.
Octolane has raised USD 2.6 million in seed funding to launch the world’s first AI-powered self-driving CRM platform. The platform automates tasks like data entry, customer interaction analysis, and follow-ups, improving sales team productivity. Octolane aims to scale operations and refine its AI engine with this funding.
The Microcredit Regulatory Authority (MRA) and IFC have launched a USD 350,000 project to enhance Bangladesh’s microfinance sector. The initiative will promote digital financial services and expand access to housing loans for low-income communities. It includes capacity-building for MRA officials and aims to improve financial inclusion and living standards.
Robi Axiata has appointed M Riyaaz Rasheed as acting CEO, following the reassignment of Rajeev Sethi to a new role within the Axiata Group. Rasheed, the company’s CFO, had previously served as acting CEO in 2021. Robi is the second-largest mobile operator in Bangladesh, with 5.71 crore subscribers.
Bangladesh Bank has authorized mobile operators to accept local currency (taka) payments for international roaming services, simplifying the process for travelers. Customers can pay up to Tk 6,000 per trip and Tk 30,000 annually, with conditions for payment activation. This initiative aims to reduce reliance on foreign payment mechanisms.
Akij Telecom has introduced four leading AIoT brands—Philips, Transformers, Monster, and Airmars—to the Bangladesh market, marking a significant step in tech innovation. With over 150 new products launched, the partnership with Shenzhen Wanlin Technology aims to revolutionize smart connectivity and enhance digital lifestyles across the country.
Qatar’s tech sector is rapidly growing with investments in digital infrastructure and innovation, contributing to GDP growth. Companies like MagniPro and UM Qatar have earned top rankings in workplace culture. The focus on AI and cloud-based solutions is positioning Qatar as a hub for foreign investment and a digitally-driven economy.
BENEFIT participated in the “Innovation in Social Housing Sector” Summit, showcasing its digital financial solutions that streamline home financing and payments. The company highlighted its Bahrain Credit Bureau service and BenefitPay app, reinforcing its role in Bahrain’s digital transformation and commitment to enhancing the housing sector and citizens’ financial experiences.