Technology News and insights in the Middle East, South Asia, and Africa
LemFi launches in Egypt, targeting its $29.6B remittance market and diaspora in the US, UK, and Europe. The fintech leverages rising digital payments and aims to expand further in North Africa and beyond.
Key Takeaways: Zong 4G, in a strategic move aimed at enhancing international connectivity, has launched a series of unbeatable International…
Ten female-led startups across multiple sectors have been selected for Standard Chartered and Bahrain FinTech Bay’s Futuremakers Women in Tech Bahrain programme. The eight-week acceleration initiative supports entrepreneurial growth through mentorship, workshops, and networking, culminating in Demo Day with financial awards.
stc Bahrain sponsored the inaugural Bahrain Bayan School Tech Summit, focusing on the intersection of education, technology, and Bahraini identity. The event highlighted how technology can transform education while preserving cultural heritage. stc Bahrain showcased its digital solutions, reinforcing its commitment to empowering future generations in a digital world.
Orange Egypt’s $52.7 million investment is driving a youth-focused tech revolution, funding over 40 startups, mostly from Egypt. This investment comes alongside the second phase of 5G licensing. With Egypt’s startup scene thriving, the country aims to solidify its position as Africa’s top entrepreneurial hub.
Nepal Telecom (NT) reported a 16.44% decline in net profit for Q4 FY 2080/81, dropping to Rs. 6.62 billion. The decrease was driven by a 4.99% reduction in revenue and significant declines in investments and finance income. However, the company saw a slight increase in reserves and reduced operating expenses by 12.98%.
Morocco’s telecommunications sector saw significant growth in the first half of 2024, with the subscriber base reaching 59.8 million, driven by a 5% increase in mobile users. Internet subscriptions also grew by 6.9%, surpassing 39.1 million, reflecting the country’s digital transformation and resulting in a mobile penetration rate of 152.1%.
Qatar Science & Technology Park (QSTP) has welcomed 13 international startups to participate in its Global Innovation Link (GIL) program. The program aims to foster collaborations in tech research and development, connecting Qatar’s innovation ecosystem with global entrepreneurs from various industries, including spacetech, fintech, and edtech.
JazzCash customers can now link their debit cards to Google Wallet, enabling secure, seamless tap-to-pay transactions. This integration enhances JazzCash’s payment options, offering convenience and security for millions of Pakistanis. Google Wallet’s tokenization technology ensures secure transactions, while users can also protect their information in case of theft or loss.
Nepal’s communications leadership calls for urgent rollout of 4G and 5G networks nationwide, focusing on public demand, tourism, and digital governance goals ahead of fiscal year 2025/26.