Grameenphone (GP) posted a 10% profit growth in 2024, reaching Tk 36.4 billion, and declared a record 330% cash dividend. Despite a 4.9% revenue decline due to cautious consumer spending, GP’s EBITDA rose, and the company plans continued investment in network improvements and AI technology to drive future growth.
Qatar is set to host the world-renowned Web Summit in 2024, with plans to continue for five years. This event, aligning with the Qatar National Vision 2030, will transform Doha into a tech hub and boost the economy, offering a platform for global tech collaboration in the Middle East.
Beyon Solutions will provide innovative technology solutions to support the airport’s complex operational demands.
The Telecommunications Regulatory Authority of Bahrain was honored for its Regulatory Enablement at the SAMENA Telecommunications Council’s LEAD Awards. This recognition highlights TRA’s dedication to providing fast, reliable internet access and exceptional telecom services in Bahrain.
Beyon Cyber has earned three prestigious awards at the 2025 Cyber Security Excellence Awards, including Fastest Growing Cybersecurity Company and Cybersecurity CEO of the Year. Its innovative platform, Intel X, revolutionizes security operations with real-time threat intelligence and AI, positioning Beyon Cyber as a regional leader in cybersecurity innovation.
Iraq partners with Apple to launch a training program aimed at enhancing job opportunities for young people. This initiative, part of a broader digital transformation strategy, includes improvements in public services and digital infrastructure, backed by collaborations in academia and technology development.
Airtel Nigeria has implemented a 50% tariff hike, affecting both data plans and call rates. This change, aimed at boosting infrastructure investment, has faced criticism from consumer groups and unions. The Cloud Network Foundation has urged the government to reassess the hike, citing economic hardships and its impact on low-income Nigerians.
Prime Minister Mostafa Madbouly reviewed Egypt’s digital transformation progress, highlighting efforts to deliver government services electronically and automate company licensing. Key initiatives include digitising services like traffic violation inquiries and launching the Unified Services Card in Port Said. The government is also improving digital infrastructure and automating business processes.
A recent report indicates that Africa lost over $1.5 billion in 2024 due to internet shutdowns and social media bans, accounting for 20% of the global economic loss from digital outages. The shutdowns were linked to political tensions, protests, and conflicts, with 12 African nations affected.
Veon subsidiary Jazz has secured a PKR75 billion (US$270 million) loan to expand its infrastructure and transition from a telecom company to a technology services provider. The credit facility, led by The Bank of Punjab, is the largest long-term private sector syndicated credit facility in Pakistan, enabling Jazz to enhance digital infrastructure and invest in cloud, software, and financial services.
