Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.
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.