Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Beyon has announced plans for its ambitious 380,000 square meter Digital City project in Hamala, in partnership with Edamah. Set to begin construction in 2025, the project aims to integrate technology and real estate, supporting Bahrain’s digital transformation and sustainability goals.
Zain Bahrain has partnered with Ericsson to launch a new hybrid power solution that combines a diesel generator with lithium batteries, significantly reducing fuel consumption and emissions. This initiative aligns with Bahrain’s sustainability goals and aims for a daily average reduction of 25% in fuel usage.
Ooredoo has reported a 2% revenue increase for the nine-month period ending September 30, 2024, reaching QAR17.7 billion. The company also achieved a 15% rise in normalized net profit and secured a $500 million bond issuance to support growth, particularly in its data center business and digital infrastructure.
Jazz has completed its second unsecured Sukuk issuance, raising Rs15 billion, significantly oversubscribed with 4x demand from the non-bank market. The funds will enhance Jazz’s 4G network expansion, aiming to provide digital services to over 71.5 million customers across Pakistan, reinforcing its commitment to bridging the digital divide.
Accenture and du have partnered under a five-year contract to enhance the application development and maintenance of du’s IT landscape. This collaboration aims to improve agility and market responsiveness while adopting new technologies such as generative AI and advanced analytics, supporting du’s digital-first strategy.
Telenor Pakistan reported a 6.7% revenue increase for Q3 2024, totaling Rs. 30.11 billion, despite challenging economic conditions. The company achieved an organic growth rate of 8%, though its subscription base declined by 3%. Average Revenue Per User (ARPU) rose by 11%, contributing to a robust 9% growth in EBITDA.
Africa Finance Corporation (AFC) reports that subsea cables significantly enhance internet connectivity in Africa, with the new Equinao cable set to increase speeds by up to five times in Nigeria and reduce prices by 16-21% by 2025. However, 60% of Africans still lack internet access.
Ericsson and du expand their partnership to enhance 5G networks in the UAE, using advanced RAN technologies for better MBB and FWA services. This move prepares for future digital services like AR, VR, and cloud gaming, and introduces an eco-friendly radio system that reduces energy use by 40%.
Zong, in collaboration with DCode, has launched an affordable device-data bundle to enhance connectivity in Pakistan. The Cygnal 4 Lite, priced at Rs. 21,999, includes a 12 GB data bundle for six months. This initiative aims to bridge the digital divide and promote access to essential online services.
Otaxi has partnered with Yango Group and ITHCA to enhance taxi services and introduce a parcel delivery system in Oman. This collaboration aims to modernize the digital infrastructure, support sustainable mobility, and align with the Kingdom’s digital transformation goals, ultimately improving transportation options for residents and visitors.