Space42 reported a strong financial performance in 2024, with an EBITDA of USD 317 million and a net profit of USD 166 million. The Company advanced its strategic objectives, including satellite launches and partnerships in Earth Observation and mobile satellite solutions, positioning itself as a leader in the space and connectivity sectors.
SLT Group reported a strong financial turnaround in 2024, with a Profit After Tax of Rs. 3.1 billion, reversing a loss from 2023. Revenue grew by 4.4%, driven by improved operational efficiency, cost optimization, and robust growth in broadband, mobile, and enterprise sectors. The Group also made significant contributions to state revenue.
Aamal Company Q.P.S.C. has signed an MoU with Huawei to enhance collaboration in cloud technologies. Aamal IT will join Huawei’s Cloud Partner Network and Cloud Service Provider Program. The partnership aims to accelerate digital transformation, optimize operations, and provide advanced cloud solutions to businesses across industries.
Oman’s Minister of Commerce, Industry and Investment Promotion met with Taiwanese and Chinese tech representatives to discuss investments in semiconductors and electric vehicles. These projects align with Oman’s Industrial Strategy 2040, focusing on capital-intensive and knowledge-based industries to drive economic diversification and industrial growth in the Sultanate.
Nepal Telecom (NTC) has set the minimum recharge amount at Rs 50, meaning recharges below this amount will no longer be allowed. This change, also adopted by Ncell, follows a reported loss of Rs 1 million in recharge cards by NTC. The policy aims to streamline recharge processes.
Telecom Egypt reported a 45% YoY revenue increase for FY 2024, reaching EGP 82 billion. Data revenue growth, a surge in IDD revenue, and a strong customer base drove the results. The company expects continued robust performance in 2025, supported by a solid financial position and integrated services.
BTRC is advancing telecom sector reforms in Bangladesh, focusing on affordability, service quality, and digital services. The proposed framework includes three telecom license categories. Stakeholders discussed infrastructure sharing, regulatory flexibility, market competition, and aligning policies with ICT regulations to enhance connectivity and investment opportunities.
Africa’s smartphone market is projected to grow by 2% in 2025, with challenges such as inflation and currency depreciation. Chinese vendors like Xiaomi, Realme, and OPPO are leading the growth, while Transsion maintains its market dominance. Samsung, however, faces a decline despite a rise in its average sales price.
stc Group and Ooredoo Oman have signed an agreement to launch the SONIC project, a terrestrial fibre optic network corridor connecting Saudi Arabia and Oman. The project will enhance regional connectivity and strengthen digital infrastructure, supporting subsea routes between Asia and Europe. It aligns with regional growth goals and digital innovation.
iXAfrica has launched the first phase of its NBOX1 hyperscale data centre in Nairobi, featuring 780 racks and 4.5MW of IT capacity. The facility is optimized for AI workloads and connected to major internet exchanges. iXAfrica aims to support cloud adoption and digital transformation across East Africa.
