Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.
GO Telecom completed a SAR 86.7 million acquisition of a 51% stake in Ejad Tech, enhancing its IT services and digital transformation capabilities as part of its business expansion strategy.
ZainTECH has secured a commercial license in Saudi Arabia, marking a significant milestone in its regional expansion. This move will allow the company to establish regional offices, offering advanced digital solutions in sectors such as IoT, cybersecurity, AI, and cloud services, fully aligning with Saudi Vision 2030.
e& PPF Telecom has acquired a 100% stake in Serbia Broadband (SBB) for EUR 825 million ($891 million), funded through secured debt. The acquisition expands e&’s footprint in Central and Eastern Europe, diversifying revenue sources, and will see the integration of SBB with its Serbian mobile subsidiary, Yettel.
Maseera Holding has acquired ADVA, establishing it as a technology and data analytics hub for North Africa. The integration of Maseera’s AI will transform ADVA’s platform, providing inclusive, personalized lending solutions for underserved populations in Egypt, with a focus on essential services like healthcare and education.
Maseera Holding has acquired Adva, an Egyptian fintech platform, to drive financial inclusion in North Africa. The acquisition strengthens Maseera’s expansion strategy, leveraging Adva’s AI-driven credit scoring model to provide financing for underserved Egyptians. Adva will focus on consumer finance and apply for Egypt’s first digital finance license.
e& PPF Telecom Group has acquired Serbia Broadband (SBB) for €825 million, enhancing its telecommunications footprint in Central Eastern Europe. This acquisition will integrate SBB with e&’s existing mobile services in Serbia, creating a leading converged operator. The deal also includes the sale of SBB’s satellite operations to Telekom Srbija.
Maseera Holding has acquired Adva, an Egyptian fintech platform, to boost its regional expansion in North Africa. This acquisition enhances Maseera’s focus on financial inclusion by offering tailored financing solutions to underserved populations in Egypt. Adva will also apply for Egypt’s first digital consumer finance license.