Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Nepal Telecom has declared a Rs 30 per share cash dividend for FY 2024/25, backed by Rs 3.819 billion in revenue and Rs 600 million in profit. The operator plans to enhance data services and may issue bonus shares as it advances major network projects and capital expansion.
A seminar at FBA explored how Bangladesh’s telecom sector drives economic growth. Grameenphone’s Mohammed Kayum Sarker shared insights on taxation, pricing misconceptions, and the industry’s GDP contribution, giving accounting students real-world context on the financial dynamics shaping national development.
ABC Labs has been named among Global Finance’s World’s Best Financial Innovation Labs for the fourth time. The recognition reflects Bank ABC’s leadership in AI, automation, digital onboarding, and tokenised assets, delivering measurable gains in productivity, customer experience, and time-to-market across its regional and global operations.
Omantel has invested over RO 500 million in digital infrastructure over six years, expanding from a telecom operator into a regional technology group. The company’s 5G leadership, submarine cable connectivity, and national data centres are positioning Oman as a regional digital hub and strengthening its digital sovereignty.
Airtel Africa increased cumulative share buybacks to 40.93 million shares under its $100 million programme, reinforcing capital returns to shareholders. The cancelled shares reduce voting rights and support per-share metrics, reflecting management confidence while sustaining investment across the group’s African operations.
Sudatel Telecom Group posted a net profit of $71.08 million in the first nine months of 2025, reversing losses recorded a year earlier. Revenues rose to nearly $328 million, while the company also returned to profitability in the third quarter, reflecting a strong financial turnaround.
Nepal Telecom has announced a 30% cash dividend, including tax, from last fiscal year’s profits. The payout will be approved at the company’s annual general meeting on January 14, 2026, with the book closure date set for January 4, maintaining last year’s dividend level.
Egyptian life sciences startup Nawah Scientific has raised $23 million in Series A funding to expand its digital testing platform. The round will support a new global R&D center, increased lab capacity in Egypt and Saudi Arabia, and expansion across North Africa and Europe.
VOLZ has secured $5 million in a Series A round, the largest local-currency funding raise ever achieved by an Algerian startup. Announced at the African Startup Conference in Algiers, the deal marks a milestone for the national startup ecosystem and supports VOLZ’s mission to simplify travel through local-currency payments and flexible booking options.
Telecom Egypt has approved its 2026 budget with guidance pointing to high single-digit revenue growth and EBITDA margins in the low forties. Supported by disciplined capital investment and strong cash generation, the plan builds on a sharp rise in 2025 profits and focuses on network strength, service quality, and long-term value creation.