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
Intella, a Saudi-based AI startup specialising in Arabic dialect speech-to-text, raised $12.5M in Series A funding led by Prosus. With 95.73% transcription accuracy, it outperforms global tech giants. The capital will drive R&D, expand Ziila and IntellaCX, and support growth in Egypt and Saudi Arabia.
Mamoura Diversified Global Holding is selling 7.5% of its stake in du through a DFM share sale, valued between Dh3.08B and Dh3.39B. The offering, open September 8–12, targets both retail and institutional investors, while du’s H1 2025 profits rose 15% to Dh921M.
Morocco will launch 5G in November 2025, with BKGR estimating $4–6 billion in economic impact by 2030. Backed by MAD 80 billion in investment and 5G licenses for Maroc Telecom, Inwi, and Orange, the rollout will cover eight cities initially, expanding to 70% of the population by 2030.
SLT-Mobitel posted Rs. 4.3B PAT in 1H 2025 after last year’s loss, signaling a strong turnaround. With 95% fibre coverage and new AI initiatives, it is driving Sri Lanka’s digital transformation, supporting government networks, and serving as strategic partner for the country’s first National AI Expo.
PTCL Group reported 16% YoY revenue growth in HY 2025, fueled by fiber broadband, enterprise services, and Ufone 4G. Despite a one-off net loss, the Group expanded its FTTH footprint, launched Pakistan’s first 5G-ready smart community, boosted digital wallets and apps, and advanced major regional connectivity projects.
Turk Telekom has extended its fixed-line concession in Turkey until 2050 with a $3B payment plan and $17B investment pledge. The agreement secures the operator’s role in providing and developing fixed telecom infrastructure, with authorities expecting a $20B contribution to the economy.
Egypt’s Prime Minister reviewed national ICT and digital transformation strategies with key ministers, highlighting efforts to attract investment, build digital skills, and foster startup growth. The ICT sector now contributes 5.8% to GDP, with major initiatives like the Digital Egypt platform, AI projects, and a booming outsourcing industry.
Egypt’s ICT sector is expanding rapidly, growing 16% annually and contributing 5.8% to GDP. With over 145,000 outsourcing jobs, 8M Digital Egypt users, and a 25-fold increase in training budgets, the government is prioritising innovation, AI, and digital entrepreneurship to attract global investment.
The AGP has accused Jazz of overcharging customers Rs6.58 billion in FY2023-24, citing weak PTA oversight and blanket tariff approvals. While auditors recommended a formal inquiry, Jazz rejected the allegations, insisting it fully complied with regulatory approvals. PTA’s official response remains pending.
Omantel Group posted a 46% surge in net profit to RO161.1mn in H1 2025, supported by strong EBITDA, investment income, and 9.5% revenue growth across multiple regional markets. Domestic revenue rose 8%, but higher depreciation costs weighed on local profits as the company pushed ahead with its TechCo strategy and network expansion.