Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Saudi Arabia’s telecom sector posted revenues of SAR 80.46 billion and profits of SAR 14.46 billion in the first nine months of 2025, fuelled by demand for 5G, cloud services, and digital infrastructure. stc led the market with 80% of total profits, while Mobily and Zain KSA reported strong growth. Analysts expect continued momentum driven by Vision 2030 digital investments.
e& delivered robust H1 2025 results with AED 34.9 billion in revenue, strong AI and cloud expansion, new global partnerships, and strategic investments that solidify its position as a leading technology and digital transformation group.
Vodafone Egypt reported 46.1% revenue growth in the first half of 2025, reaching EGP 55 billion and achieving its highest market share. With EGP 7.53 billion invested in network upgrades, the operator continues strengthening coverage, resilience, and readiness for future technologies across Egypt.
Nepal Telecom’s Q1 results reflect persistent revenue pressure caused by OTT adoption and rising operational costs. Profitability remains strained, underscoring the need for aggressive financial and service reforms to restore growth in Nepal’s telecom sector.
Makhazen’s first full quarter post-rebranding shows strong core profitability growth, boosted by Kuwait-based infrastructure investments and operational resilience, while the Agility Global stake continues to contribute to earnings through associate performance.
Bangladesh Submarine Cables posted a 42.1% rise in Q1 FY26 profit to Tk 619.10 million as bandwidth demand and core business revenue grew. EPS, cash flow, and NAV per share all improved, reflecting strong fundamentals as the country’s sole international submarine cable operator benefits from rising internet usage nationwide significantly.
Wio Bank is nearing Dh60 billion in assets less than three years after launching and is aiming to cross the Dh100 billion threshold within two to three years. Backed by ADQ, e&, FAB and Alpha Dhabi, the digital bank has become one of the UAE’s fastest-expanding lenders and intends to secure a top-three position in the retail and SME banking market as it continues its rapid growth.
Saudi Arabia’s Tarmeez Capital and Monsha’at have launched a $1 billion Shariah-compliant SME financing program to strengthen private-sector growth and support Vision 2030 goals through Sukuk-based funding.
Jazz reported 14.6% YoY revenue growth in Q3 2025, investing PKR 37 billion to expand 4G and digital platforms. Its fintech arm JazzCash grew 57.8% in transaction value, while Tamasha and SIMOSA drove user engagement across a 100-million-strong digital ecosystem.
Vodacom’s revenue rose 10.9% to R81.6B in H1 2025, driven by strong data and fintech growth across South Africa, Egypt, and Safaricom. The Group expanded 5G, grew financial services users to 93.7M, and advanced Vision 2030 targets through R9.4B in digital infrastructure investment.