BANK OF AFRICA has partnered with Mastercard to accelerate the digitalization of payments in Morocco. This collaboration aims to enhance the bank’s card portfolio, launch innovative solutions, and promote financial inclusion. The partnership leverages Mastercard’s expertise to support BANK OF AFRICA’s offerings and contribute to the growth of Morocco’s digital payments ecosystem.
Synapse Analytics secured $2 million in funding to expand its AI technologies across the GCC and Africa. The investment, led by Silicon Badia and Hub 71, will enhance financial inclusion and decision-making for financial institutions. Synapse’s AI solutions include credit scoring, dynamic pricing, and eKYC, positioning it as a key player in digital finance transformation.
Krohne Group expands its service team across the Middle East, enhancing customer support and delivering superior measurement solutions. With a hybrid workforce in the UAE, Saudi Arabia, Qatar, Kuwait, and Iraq, Krohne ensures increased equipment longevity, reduced wastage, and precise measurement uptime, reinforcing its commitment to the region’s industrial sectors.
Maroc Telecom’s H1 2024 results show a 5.1% increase in customers to 78.4 million and a 0.9% rise in revenues, driven by Moov Africa. Mobile Data and Fiber Optics revenues surged, offsetting declines in Morocco. The Group maintains a strong EBITDA margin and significant investments, with stable 2024 forecasts despite litigation impacts.
Ericsson, in partnership with e& UAE, has successfully verified the Reduced Capability (RedCap) software solution on e& UAE’s 5G Standalone (5G SA) network. This marks the first implementation of Ericsson’s RedCap solution in a commercial network in the Middle East and Africa region, enabling new types of 5G IoT devices and offering new monetization opportunities in both consumer and industrial spaces.
BIGTECH 2024, held at the Kram Exhibition Centre, gathers 1,000 startups and companies to position Tunisia as a technology hub in Africa. The event promotes innovation, AI, IoT, and digital transformation, supported by government initiatives in digital infrastructure, entrepreneurship, and the simplification of administrative procedures.
NIGCOMSAT and Infratel Africa have partnered to enhance rural connectivity in Nigeria by migrating 100 locations to the NIGCOMSAT-1R Ka-band hub platform. This collaboration aims to bridge the digital divide, promoting digital inclusivity and transformational services in unserved and underserved communities.
Airtel Telesonic, in partnership with Alcatel Submarine Networks, has activated the 2Africa submarine cable system, connecting Kenya, Tanzania, and South Africa. This milestone enhances high-speed internet access and supports digital transformation across Africa, marking a significant step in bridging the digital divide on the continent.
Smartphone shipments in Africa have surpassed feature phones, with a 17.9% increase in Q1 2024, reaching 20.2 million units. This growth, driven by South Africa, Nigeria, and Kenya, is led by Chinese brands and mid-range models. IDC predicts continued growth despite short-term economic uncertainties.
OneClickDrive, the leading car rental marketplace in Dubai, expands its operations to Morocco, marking its first venture into Africa. This move broadens its market reach, leveraging Morocco’s strategic location and growing demand for car rentals, particularly among tourists. The company plans further expansion into GCC and African regions.
