Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Consulting HAUS guided Snoonu through its $245 million acquisition by Jahez, valuing the Qatari startup above QAR 1 billion and delivering Qatar’s first billion-riyal tech exit. The deal sets a national benchmark, underscores Qatar’s rise as a tech hub, and accelerates Snoonu’s regional growth ambitions.
Egypt’s KNOT Technologies has raised a $1 million pre-seed round led by A15 to scale its AI-native ticketing platform. The startup uses AI to authenticate identity, control distribution, and prevent market leakage, giving organizers greater visibility while rebuilding trust between event owners and audiences.
EBRD has approved up to €190 million in development-linked financing for Tunisie Telecom to accelerate 5G rollout, expand fibre connectivity to 200,000 homes, modernise core networks, and connect to the Medusa submarine cable. The package includes EU grants and marks Tunisia’s first non-sovereign public-sector financing since 2012.
Nepal Telecom has approved a Rs 30 per share cash dividend from its FY2024/25 profits. The company posted Rs 3.819bn in revenue and Rs 600m in profit, with management signaling potential bonus shares ahead, as it prepares for capital needs tied to the MEGA project and rising data demand.
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.