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
Avanz Capital Egypt has joined Algebra Ventures’ second fund as a Limited Partner via a landmark secondary transaction, underscoring confidence in Egypt’s VC ecosystem. The partnership strengthens support for tech startups in Egypt and Africa, enabling greater capital inflows and deeper collaboration to fuel entrepreneurial growth.
e& delivered robust H1 2025 results with revenue of AED 34.9 billion (+23.3% YoY) and net profit of AED 8.8 billion (+60.7% YoY). Strong operational milestones, global acquisitions, AI and 5G innovation, and strategic partnerships reinforced its position as a global technology leader driving digital transformation.
Zimbabwe’s telecom sector recorded major Q2 2025 gains, with revenues up 9.24%, costs down 5.47%, and capital expenditure surging 261%. Data services dominated with nearly 48% of revenues, supported by a rapid 5G and LTE rollout, while traditional voice services continued to decline due to OTT alternatives.
Mobile Telecommunications Company Saudi Arabia’s share price dropped 39% over five years despite steady EPS growth, though dividends softened losses to a -12% TSR. Recent gains show a 1.8% TSR over the past year, suggesting a potential turning point amid cautious investor sentiment.
Ooredoo has sold a 6% stake in Qatar’s Meeza to Fiera Capital (UK), retaining only 4% as it prepares for a full exit. The move supports Ooredoo’s strategy to expand Syntys, its AI-ready hyperscale data centre platform, across MENA to power cloud, AI, and digital transformation.
e& posted AED 34.9 billion revenue (+23.3% YoY) and AED 8.8 billion profit (+60.7%) in H1 2025, driven by UAE subscriber growth and AI-powered services. Key moves included a sovereign cloud launch with AWS, Serbia Broadband acquisition, and fintech and entertainment expansion.
Delivery Hero has priced Talabat’s IPO at AED 1.60 per share, raising $2 billion in Dubai’s biggest tech listing of the year. The offering values Talabat at $10.2 billion, reflecting strong investor demand, and cements its position as the Middle East’s leading food delivery and quick-commerce platform.
Zain KSA has secured SAR 5.5 billion ($1.47bn) in Islamic financing from five banks to refinance existing loans maturing in 2025 and fund future operations. The facility, with a five-year term and one-year grace period, matures in 2030 and supports the telco’s growth strategy.
Du’s secondary share sale, valued at up to Dh3.39 billion, will raise its free float to 27.5 per cent and attract broader investor participation. Positioned as a defensive sector, UAE telecoms offer stable returns, while du’s focus on AI and digital services underscores its aggressive expansion strategy in a dynamic market.
Iraq’s Federal Board of Supreme Audit has reported that Asiacell and Zain Iraq owe over 161 billion Iraqi dinars in accumulated debts to the state. The document highlights significant financial liabilities but provides no details on repayment mechanisms or potential government actions.