Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Padash, an Iraqi startup, has secured $125,000 to enhance its quick commerce platform, focusing on rapid food and grocery delivery within Erbil. This investment will support the expansion of its services and app development, aiming to revolutionize convenience in urban Iraq.
Ooredoo Group has secured a record QAR 2 billion financing deal to enhance its data centers and AI capabilities. This investment will expand infrastructure to meet increasing demand for AI and cloud services in the MENA region, marking a significant step in technological advancement.
Pakistan Telecommunication Company Ltd (PTCL) has secured a $400 million deal with an IFC-led consortium for the acquisition of Telenor Pakistan and Orion Towers. This strategic move is set to enhance PTCL’s market presence and contribute significantly to the growth of Pakistan’s telecom sector.
Shift, a Jeddah-based mobility company, has secured an $83 million investment from Merak Capital to enhance its mobility services across Saudi Arabia. This funding aims to expand and improve technology in sectors such as tourism and transportation.
Qist Bazaar, a Karachi-based fintech, has raised $3.2 million in Series A funding to expand its BNPL services across Pakistan. The startup focuses on making essential goods accessible to the underbanked, enhancing both product offerings and technological infrastructure.
The Arewa Tech Fest introduces a $50 million Arewa Tech Fund to support innovation in Northern Nigeria. This initiative aims to empower young entrepreneurs and stimulate economic growth by providing necessary capital, amidst a global downturn in tech investments.
Dubai-based e& has received European Commission approval to acquire a controlling interest in PPF Telecom, covering operations in Bulgaria, Hungary, Serbia, and Slovakia. This decision, which comes three months ahead of schedule, facilitates e&’s strategic expansion into the European telecom sector.
Userguest, a Moroccan SaaS startup, has raised $2.4 million in seed funding to enhance its tool that optimizes direct hotel revenue. The round, led by Al Mada Ventures, will expand its market reach and strengthen its sales team, promising growth and innovation in hospitality technology.
IO Kitchens, Oman’s leading cloud kitchen startup, has secured $2.8 million in seed funding, marking a key milestone in its mission to transform the food delivery industry. This funding will support expansion, technological advancements, and innovative food solutions, catering to the rising demand for high-quality food options.
Abu Dhabi-based ERP provider Hulexo has secured seed investment from Arzan VC, fueling expansion into Kuwait and Saudi Arabia. The investment will help Hulexo grow to 300 retail locations by 2025, offering smarter solutions for small and medium-sized businesses in the region.