Technology News and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Fawry has invested EGP 80 million (USD 1.6 million) to acquire majority stakes in Dirac Systems, Virtual CFO, and Code Zone, strengthening its “Fawry Business” platform. This acquisition enhances Fawry’s digital payment and ERP solutions, supporting Egypt’s digital transformation and the country’s shift toward a cashless economy.
Souhoola and Visa have partnered to launch a prepaid card through Banque Misr, aimed at enhancing financial inclusion in Egypt. The card allows flexible payments and seamless shopping, aligning with Egypt’s Vision 2030. The service will help customers manage expenses and make informed financial decisions, launching in 2025.
Telecom Egypt reported a 45% YoY revenue increase for FY 2024, reaching EGP 82 billion. Data revenue growth, a surge in IDD revenue, and a strong customer base drove the results. The company expects continued robust performance in 2025, supported by a solid financial position and integrated services.
BTRC is advancing telecom sector reforms in Bangladesh, focusing on affordability, service quality, and digital services. The proposed framework includes three telecom license categories. Stakeholders discussed infrastructure sharing, regulatory flexibility, market competition, and aligning policies with ICT regulations to enhance connectivity and investment opportunities.
Africa’s smartphone market is projected to grow by 2% in 2025, with challenges such as inflation and currency depreciation. Chinese vendors like Xiaomi, Realme, and OPPO are leading the growth, while Transsion maintains its market dominance. Samsung, however, faces a decline despite a rise in its average sales price.
stc Group and Ooredoo Oman have signed an agreement to launch the SONIC project, a terrestrial fibre optic network corridor connecting Saudi Arabia and Oman. The project will enhance regional connectivity and strengthen digital infrastructure, supporting subsea routes between Asia and Europe. It aligns with regional growth goals and digital innovation.
iXAfrica has launched the first phase of its NBOX1 hyperscale data centre in Nairobi, featuring 780 racks and 4.5MW of IT capacity. The facility is optimized for AI workloads and connected to major internet exchanges. iXAfrica aims to support cloud adoption and digital transformation across East Africa.
SLT-MOBITEL has launched the ‘Hello AI’ mobile package, offering Sri Lankan youth affordable access to AI tools and educational platforms. Priced at Rs. 799, it includes 40GB of data and 10GB dedicated to AI learning. This initiative supports digital transformation, skills development, and empowers youth for a competitive future.
The Sports Boulevard Foundation has launched Phase I of Riyadh’s Sports Boulevard project, completing five key destinations. The 83 km project aligns with Saudi Vision 2030, promoting physical, mental, and social well-being, and offering diverse sports opportunities. This milestone contributes to Riyadh’s transformation into a global hub for livability.
Huawei has cemented its role in Qatar’s digital transformation through strategic partnerships announced at Web Summit Qatar 2025. The company collaborated with leading local organizations to drive innovation in cloud infrastructure, ICT talent development, and AI technologies, supporting Qatar’s National Vision 2030 and fostering digital growth across key sectors.