Al Ahli Bank of Kuwait-Egypt has partnered with Visa to enhance digital payment solutions in Egypt. The strategic agreement will introduce new products, focusing on innovation and security to cater to diverse customer needs. The partnership aims to boost Egypt’s digital transformation and promote the adoption of electronic payments.
MTN South Sudan has secured a 15-year operating license from the National Communication Authority, replacing an outdated Sudanese license. The new license includes commitments to expand coverage, improve service quality, and drive innovation. MTN aims to cover 90% of the population within ten years, despite affordability and infrastructure challenges.
Libya, Morocco, and Seychelles lead Africa in ICT development, as per the ITU’s 2024 report. Despite improvements across the continent, disparities remain, with Libya scoring 88.1 points and Chad at the bottom with 21.3 points.
Nepal’s 4G user base has surpassed 20 million, with mobile broadband holding a 66.28% market share, per the NTA’s latest report. Despite a minor decline of 204,548 users from Falgun to Chaitra 2080, Nepal Telecom and Ncell continue to dominate the 4G landscape, driving digital transformation and connectivity.
Zain celebrated the success of young coders at the Kuwait Codes graduation ceremony. The event highlighted students’ achievements in programming, AI, and digital skills, further empowering them to lead Kuwait’s tech future.
Cloudflare’s latest report reveals that 78% of Middle East and Türkiye business leaders expect a cybersecurity incident within the next year, but only 46% feel well-prepared. Rising incidents and financial losses demand strategic cybersecurity investments, with web attacks, malware, and phishing among the top threats faced by businesses.
stc concluded its platinum sponsorship of the NEXUS 2024 event in Kuwait, highlighting its commitment to digital transformation and supporting local entrepreneurs. The event featured discussions on AI, fintech, and cybersecurity, with stc showcasing its solutions and empowering youth through initiatives like the inspireU business accelerator program.
Grameenphone, Bangladesh’s largest mobile operator, reported a Tk 1,338 crore profit for Q1 2024, a 72% increase year-on-year. The growth was driven by reduced finance costs, foreign exchange gains, and lower income tax expenses, with revenue rising by 5% to Tk 3,734 crore.
Parcel, a Hope Ventures portfolio company, has expanded its operations into Saudi Arabia after revolutionizing delivery services for 3,000 businesses in Bahrain. Through its tech-driven platform, it offers a cost-effective alternative to fleet management, empowering businesses to streamline operations and improve customer satisfaction.
The conference will feature industry leaders discussing the latest trends in payments and fintech, with over 600 companies showcasing their innovations.
