BNET has launched a project to transition all copper internet networks in Bahrain to ultra-high-speed fiber networks. This initiative aims to migrate all copper customers to fiber, enhancing internet speeds and reliability for individuals and businesses, and aligning with Bahrain’s Sixth National Telecommunications Plan (NTP6).
Saudi Arabia and Egypt have signed a maritime connectivity memorandum during the Global Logistics Forum in Riyadh, aiming to enhance maritime passenger transport and exchange expertise in the sector.
This collaboration will allow FRiENDi Mobile to provide an unparalleled service experience to its 800,000 customers across the country, starting December 2024.
Astra Tech has secured $500 million in financing for its fintech subsidiary, Quantix, to expand its consumer lending platform and Ultra app, which has over 150 million users globally. The funding will help enhance the app’s financial services and integrate more features, supporting growth in the UAE fintech sector.
Sony has launched the MENA Hero Project, an incubator program designed to support game developers in the Middle East and North Africa. The initiative offers mentorship, training, and project-based investment to developers in several MENA countries, aiming to lower entry barriers and showcase emerging talent in the region’s gaming market.
Microsoft and G42 announced a $1 billion digital investment in Kenya, including a state-of-the-art green data centre to support Microsoft Azure. This initiative aims to enhance Kenya’s digital infrastructure, develop local AI models, expand connectivity, and ensure secure cloud services, fostering digital transformation and economic growth across East Africa.
As Pakistan advances in digitalization, the importance of strategic supply chain management grows. Companies are leveraging digital tools and data analytics to enhance efficiency and customer satisfaction. Initiatives in industries like textiles and e-commerce are paving the way for a robust digital economy, fostering innovation and competitiveness.
Cartona, a B2B platform digitizing Egypt’s traditional trade market, raised $8.1 million in a Series A extension. The funds will accelerate growth, expand market share, and support regional expansion. The company’s asset-light model and strong unit economics have driven substantial growth, now serving over 188,000 retailers across 17 Egyptian cities.
Ncell Foundation has launched a unique partnership where every boundary hit during the Siddhartha Bank Nepal Premier League (NPL) matches will lead to a donation of four educational kits for students in rural Nepal. This initiative aims to improve education and provide resources to underserved communities, promoting a brighter future.
STC Group, through its subsidiaries STC Bahrain and Center3, has invested $300 million to construct a new data center park and inaugurate the 2Africa Pearl subsea cable in Bahrain. These initiatives aim to expand STC’s global footprint, supporting Bahrain’s 2030 Economic Vision with enhanced digital infrastructure and sustainability goals.
