Bangladesh ranks 112th in the 2024 Frontier Technology Readiness Index, showing progress in adopting AI, robotics, and biotech. While the country excels in research and development, challenges remain in ICT development and workforce skills. To fully harness frontier technologies, Bangladesh must enhance digital infrastructure and regulatory frameworks.
Starlink has received approval from Bangladesh’s Investment Development Authority (BIDA) to operate in the country. The company has applied for an NGSO licence, which is expected to be issued soon. While a demonstration of Starlink’s services will take place at the Bangladesh Investment Summit, the commercial launch will take longer.
The IMF report highlights significant digital progress in the GCC, with advancements in infrastructure, government services, and fintech. However, challenges remain in financial inclusion, corporate digital adoption, and AI readiness. Key recommendations include enhancing digital skills, strengthening fintech regulations, and addressing labor market disruptions to sustain growth.
Saudi Arabia’s transportation network set new records during Ramadan, with Haramain High-Speed Railway carrying 1.2 million passengers, a 21% increase from last year. Public transport, ride-hailing, and logistics sectors all saw significant growth. The TGA emphasized the success of coordinated efforts in supporting the Kingdom’s Vision 2030 goals.
This article evaluates the AI readiness and opportunities in 10 African countries, highlighting strengths, challenges, and strategies to harness AI for economic growth, social development, and regional leadership. While AI adoption is varied, investments in infrastructure, governance, and human capital are critical to unlocking the continent’s AI potential.
The Ugandan government has partnered with Rowad Capital Commercial (RCC) to revitalise Uganda Telecommunications Corporation (UTel). RCC will take a 60% stake in UTel, with the government retaining 40%. This partnership aims to commercialise Uganda’s ICT National Backbone Infrastructure, attracting private sector clients and increasing revenue.
AmiViz has partnered with Neox Networks to offer advanced network visibility and security solutions across the GCC, Egypt, and Africa. This collaboration will enable enterprises to enhance network performance, security, and observability, addressing key challenges and supporting digital transformation efforts in the region.
Maseera Holding has acquired Adva, an Egyptian fintech platform, to drive financial inclusion in North Africa. The acquisition strengthens Maseera’s expansion strategy, leveraging Adva’s AI-driven credit scoring model to provide financing for underserved Egyptians. Adva will focus on consumer finance and apply for Egypt’s first digital finance license.
OPSWAT has opened a new office in Riyadh, Saudi Arabia, to support the Kingdom’s growing cybersecurity market. This move aligns with Saudi Arabia’s Vision 2030 and digital transformation goals. The office will enable OPSWAT to better serve local clients, develop cybersecurity talent, and strengthen critical infrastructure protection in the region.
Saudi Arabia will host the Industrial Transformation Saudi Arabia event in December, in partnership with Riyadh Exhibitions Company and Deutsche Messe. This event will showcase advancements in industrial automation and smart manufacturing, aligned with Saudi Vision 2030, and aims to attract global manufacturers, foster innovation, and promote investment opportunities.
