Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Kamco Invest acquired a stake in Foodics, Saudi Arabia’s cloud-based restaurant tech platform processing $10B GMV in 2024. The move complements Kamco’s regional tech investment strategy ahead of Foodics’ planned Tadawul IPO.
ZabonEx’s pre-seed funding milestone marks a promising step toward transforming Oman’s F&B sector through data-driven, sustainable supply chain solutions.
Saudi Arabia commits $6.4 billion to Syria’s reconstruction, focusing on infrastructure and telecom sectors, with major Gulf and regional companies involved. The investment supports interim President Sharaa’s government amid post-war rebuilding and eased sanctions.
IFC’s $430M financing supports Maroc Telecom’s 4G expansion in Chad and Mali, aiming to improve digital access and bridge connectivity gaps across Africa.
ZabonEx raised $100,000 in pre-seed funding to develop advanced demand forecasting for Oman’s F&B sector, supporting profitability and sustainability. The startup plans regional expansion backed by enhanced technology and local partnerships.
Ora, a Moroccan startup, raises $7.5 million Series A to expand its Kooul food delivery app and Ora Cash mobile wallet, targeting local and international growth with a focus on digitalizing cash payments and last-mile delivery.
Egypt’s Nawy acquires Dubai’s SmartCrowd, expanding its prop-tech ecosystem into the GCC. The deal enhances Nawy’s offerings in fractional ownership, financing, brokerage, and asset management, aiming to revolutionize property investment for digital investors across MENA.
Ovasave raised $1.2 million to expand its digital fertility and hormonal health platform across the GCC. Backed by top investors and Abu Dhabi’s Hub71, the startup aims to enhance women’s health access through tech-driven, personalized solutions and corporate partnerships amid growing regional FemTech demand.
Wa’ed Ventures backs Lucidya’s $30 million Series B funding, marking a record raise for an AI company in Saudi Arabia, joined by Impact46 and other investors.
ORA Technologies raises $7.5 million to scale its Kooul food delivery platform and ORA Cash mobile wallet, driving digital payments and e-commerce adoption in Morocco with a record-breaking funding round.