Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Orascom Group, led by Naguib Sawiris, is exploring investment opportunities in Togo following high-level talks in Lomé. Backed by a $170 million expansion fund, the Egyptian conglomerate is evaluating projects in infrastructure, tech, and construction. The move signals growing international investor confidence in Togo’s economic prospects and potential for large-scale job creation.
Wider Consulting is deploying $14.3 million to launch 50 startups in Egypt and Saudi Arabia by 2026, focusing on sector-specific tech solutions and long-term stock market listings for its portfolio companies.
Alibaba and the Jack Ma Foundation launch a $1.5 million Africa’s Business Heroes grant programme to support startups across sectors including fintech, health, agriculture and emerging technologies.
Morocco-based startup Weego has raised $1.1 million to expand its multimodal mobility platform across Africa, aiming to improve urban transport efficiency through integrated digital solutions.
Weego raises $1.1 million from Azur Innovation Fund to expand its multimodal transport platform in Morocco and beyond, connecting public and private transport, improving urban mobility, and offering solutions for businesses.
Saudi Arabia launches a $100 billion fund, Humain, to invest in AI, semiconductors, and data centres, partnering with U.S. technology companies. Aimed at building sovereign AI and advancing Vision 2030, the move positions the Kingdom ahead in the Gulf’s economic diversification. The plan also highlights geopolitical tech alliances and workforce development challenges.
HUMAIN’s participation in the Series E round underscores Saudi Arabia’s increasing role as a capital partner in next-generation AI platforms and large-scale digital infrastructure development.
Breadfast has raised $50 million in pre-Series C funding to expand across Egypt, strengthen supply chain infrastructure, and scale private label, omnichannel retail, and embedded financial services operations.
Saudi cybersecurity startup Solidrange has raised $2.4 million in seed funding to expand its AI-powered governance, risk, and compliance solutions and cybersecurity awareness platforms. The investment will support regional growth and product development as demand rises for locally built, regulation-ready cybersecurity technologies.
Trueledger Technologies is exploring a potential 20% strategic investment in Silverline Technologies to support its AI initiatives and expansion of the Silver AI platform, reflecting growing investor interest in AI-driven digital solutions and emerging technology ecosystems.