Egyptian Fintech Octane Raises $5.2 Million to Expand Fleet Expense Management Platform Across MENA

Egyptian fintech Octane raised $5.2 million led by Shorooq Partners, Algebra Ventures, and SC Holding to expand its digital fleet expense management platform across Egypt and MENA. The platform consolidates fuel, maintenance, and petty cash payments into a single wallet with AI features for fraud detection and route optimization, serving 1,600+ corporate clients nationwide.

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Vodafone Egypt Officially Launches 5G, Pioneering Advanced Connectivity Nationwide

Vodafone Egypt has launched nationwide 5G services, providing ultra-fast, reliable connectivity to consumers and businesses. Featuring innovative technology like the Adaptive Interference Free system, Vodafone’s rollout supports sectors from gaming to healthcare and aligns with Egypt’s Vision 2030 digital goals. The company offers 5G access to all customers at no extra cost, with plans for rapid coverage expansion.

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AfICTA and EiTESAL Launch Support for Egyptian and African IT Firms at 24 Fintech Conference in Riyadh

AfICTA and EiTESAL are supporting Egyptian and African IT firms to join the 24 Fintech conference in Riyadh, Saudi Arabia, from September 3 to 5. This event, crucial for financial technology across Asia, Europe, Africa, and the Middle East, aligns with Saudi Arabia’s Vision 2030 for digital transformation and offers substantial networking and showcasing opportunities.

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PTA and NDMA Partner to Enhance Emergency Response and Climate Resilience in Pakistan

The PTA and NDMA are partnering to improve emergency response in Pakistan, utilizing telecom infrastructure for automated services. Minister Shaza Fatima Khawaja emphasized collaboration in disaster risk reduction, climate resilience, and agricultural technology to address Pakistan’s vulnerabilities, while proposing the creation of a National Digital Commission for unified governance.

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Qatar’s Digital Commerce Sector Set for Significant Growth, Projected to Reach $7.29bn in 2024

Qatar’s digital commerce sector is expected to reach $7.29bn by the end of 2024, with a projected CAGR of 21.70%. The sector’s growth is driven by government initiatives, technological advancements, and AI. However, challenges like market saturation and regulatory issues remain, as businesses adapt to evolving digital landscapes.

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