Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Systems Limited has announced a court-sanctioned merger to acquire Confiz, expanding its presence in North America and Europe and strengthening its capabilities in AI, cloud, and retail digital transformation. The share-swap deal is one of Pakistan’s largest tech mergers and reflects the growing global ambition of the country’s IT industry.
Paribu has acquired MENA-based crypto exchange CoinMENA in a transaction valued at up to $240 million, marking Türkiye’s largest fintech deal and its first cross-border digital asset acquisition. The move gives Paribu access to key regulatory licenses in Bahrain and Dubai, expanding its footprint into high-adoption markets. CoinMENA serves over 1.5 million users across 45 countries. The acquisition strengthens Paribu’s position as a regional fintech leader and signals growing consolidation in the global crypto industry.
The CCP will conditionally approve PTCL’s USD 400 million acquisition of Telenor Pakistan after an 18-month review, imposing safeguards on pricing, infrastructure sharing, and competition. The decision balances market dominance concerns with potential efficiencies, setting a precedent for rigorous telecom merger oversight.
Ora Technologies has acquired Moroccan last-mile delivery platform Cathedis to strengthen its logistics and expand its super-app ecosystem. The deal enhances Ora’s e-commerce and fintech integration, combining digital payments with in-house delivery to create a seamless customer journey while accelerating growth of Kooul and ORA Cash.
Telecom Egypt has approved Helios Investments’ binding offer to acquire a 75–80% stake in its new RDH subsidiary, valuing the assets at up to $260 million. The venture will develop Egypt’s data centres, with completion pending restructuring and regulatory approvals.
Tactful AI’s buyback from Dstny marks a strategic return to founder-led growth, targeting expansion in the Middle East and Europe with a robust AI-driven customer experience platform developed through significant R&D investment.
IHC has acquired and rebranded UAE’s eFunder as Zelo, enhancing digital invoice financing to bridge the SME working capital gap with fast, scalable, and sector-focused funding solutions supporting regional economic growth.
Jahez International acquires 76.56% of Qatar’s Snoonu for $245M, marking Snoonu as Qatar’s first startup valued over QAR 1 billion. The deal advances Jahez’s regional expansion and supports Snoonu’s growth and innovation plans.
Nawy expanded into the Gulf proptech market by acquiring SmartCrowd, combining platforms to offer a pan-MENA real estate ecosystem tapping into growing fractional property investment trends.
Axian Telecom considers fully acquiring e-commerce giant Jumia to strengthen its pan-African presence, with a focus on expanding fintech services through JumiaPay and boosting financial inclusion across the continent.