Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Boxy raises $1.5M pre-seed from EQIQ to unify Iraq’s last-mile delivery via an AI-driven logistics platform, aiming to simplify shipping for merchants and build a scalable digital infrastructure.
MENA startups across fintech, logistics, AI, and SaaS sectors raised significant capital recently, reflecting robust regional innovation. New funds and media partnerships bolster ecosystem growth, while Saudi Arabia hosts OpenAI models locally, enhancing AI access.
Suplyd raised $2 million to scale its digital procurement platform serving 5,000+ Egyptian restaurants. The platform streamlines fragmented supply chains, ensuring 100% order fulfillment and real-time insights, with plans to expand services and deepen market reach.
Ooredoo is expanding its digital footprint through AI-ready data centres, a subsea fibre network, and fintech growth, with Q1 2025 net profit up 5%. The strategic focus on Syntys, TowerCo, and Fintech positions it as a leading digital infrastructure provider in MENA.
Flex League raises six-figure seed round to expand court booking, scale across Saudi and MENA, and enhance racquet sports competition and community management in the region.
Guodong Group targets investments in Pakistan’s telecom towers, data centers, EV charging, and smart city solutions, supported by Pakistan’s SIFC and government under the Digital Nation Pakistan vision.
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.