Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
MTN Uganda reported strong financial growth in 2025, with total revenue rising 13.6% to UGX 3.6 trillion and service revenue increasing 13.4%. Data and fintech services drove performance, with data revenue up 28.8% and fintech revenue up 17.3%. The operator also expanded 4G and 5G coverage while continuing investments in network infrastructure and digital financial services.
Select Technologies Limited is moving toward a public listing on the PSX, appointing Arif Habib Limited as the lead manager for the IPO. Founded in 2021, Select has quickly become a key manufacturing arm for Air Link, already operating state-of-the-art assembly lines for global brands like Xiaomi. The upcoming IPO is expected to fund further capacity expansion, particularly in the domestic production of consumer electronics, reducing Pakistan’s reliance on imported finished goods.
Omantel achieved a group net profit of OMR 371 million in 2025 (+87.7% YoY) and revenue of OMR 3.41 billion (+11.4%). Growth was driven by a 56.7% surge in ICT services and Zain Group contributions. The company declared a 55% dividend, supported by 5G expansion and a regulatory reduction in mobile service royalties.
The Ooredoo Annual General Meeting approved a QR0.75 per share dividend following a record-breaking 2025 where normalized profits exceeded $1 billion, driven by strong performances in regional markets and a strategic pivot toward AI-ready digital infrastructure.
Maroc Telecom raises 3 billion dirhams through its first private bond issuance to refinance debt and fund investments in 5G, fibre networks and digital services across Africa.
Ooredoo Kuwait shareholders officially approved a record cash dividend of 150 fils per share during their general assembly on March 4, 2026. This payout is the highest in the company’s history, representing a significant increase from the 90 fils distributed the previous year.
Meeza reported a 10.1 percent increase in net profit for 2025, reaching QAR 66.514 million, with earnings per share rising to QAR 0.10. The company’s board has proposed a cash dividend of QAR 55.2 million, equivalent to QAR 0.085 per share, pending shareholder approval.
Fawry’s 2025 performance underscores a successful pivot from a simple payment aggregator to a comprehensive digital bank. By integrating AI into operations and launching low-cost merchant tools like Soft POS, the company has solidified its infrastructure for sustainable, high-margin growth in Egypt’s evolving cashless economy.
Mobily’s strong 2025 results, including revenue growth of 7.9% and higher margins, prompted United Securities to assign a buy rating and raise its price target to 72 riyals, citing sustainable growth driven by infrastructure investment and wholesale expansion.
Morocco Telecom plans to launch a new share buyback programme worth up to 255 million dirhams, covering 1.5 million shares over 18 months. The initiative aims to enhance liquidity and stabilise trading without altering capital structure, pending shareholder approval at the March 26 AGM.