stc Group and Ooredoo Oman Launch SONIC Project to Enhance Regional Digital Infrastructure
STC Group and Ooredoo Oman have signed a Head of Terms agreement to launch the SONIC Project, aimed at establishing…
Digital Infrastructure
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Robi Axiata Reports Record Profit and Largest Dividend Since Listing
Robi Axiata reported its highest-ever profit for 2024, with a 119% increase in profit to Tk703 crore. The company also proposed a 15% cash dividend to shareholders, marking its largest payout since 2020. Despite challenges, Robi continues to invest in digital infrastructure and maintain a strong 4G network.
Egypt Ranked as One of Africa’s Top Tech Investment Destinations for 2024
Egypt has been ranked third among Africa’s top technology investment destinations for 2024, securing $297 million across 89 deals. The country also leads in fixed broadband speeds and excels in internet speed, cybersecurity, and technological development, reinforcing its influence in Africa’s growing digital economy.
Pakistan Boosts Digital Infrastructure with Arrival of Africa-1 Submarine Cable
Pakistan has strengthened its digital infrastructure with the arrival of the Africa-1 submarine cable, addressing bandwidth issues and enhancing connectivity. This cable, part of a global consortium, will improve business operations and support digital transformation. Concerns remain over market concentration in Pakistan’s international gateway sector.
Al Moammar Information Systems Sells Entire Stake in OpenAI for $8.4 Million
Al Moammar Information Systems Co. (MIS) sold its entire investment in OpenAI for $8.4 million, earning a profit of $3.4 million. The sale follows other strategic moves in AI and digital infrastructure, including partnerships and contracts in Saudi Arabia. MIS’s 2024 profits saw a 356% increase.
PTCL Connects Pakistan to Africa-1 Submarine Cable, Set to Enhance Internet Services by 2026
PTCL has successfully connected Pakistan to the Africa-1 submarine cable, marking a significant step in improving the country’s digital infrastructure. This high-capacity system will provide faster and more reliable internet services, aligning with Pakistan’s Digital Vision 2030. The cable system is expected to become operational by early 2026.
Egypt’s Qme Secures $3M in Seed Funding to Revolutionize Digital Infrastructure Across MENA
Qme, an Egypt-based B2B SaaS startup, raised $3 million in a seed round led by AHOY and GCC angel investors. The funding will enhance its AI-powered digital infrastructure solutions, which have already served over 100,000 customers, improving waiting times, reducing no-show rates, and eliminating paper-based systems.
Algeria Targets 7% GDP Contribution from AI by 2027 to Strengthen Economy
Algeria aims for AI to contribute 7% to its GDP by 2027, investing in universities, incubators, and startups. The country is enhancing its digital infrastructure with fiber optics and 4G to support AI-driven economic growth, focusing on sectors like agriculture, industry, and services to transform its economy.
Telecom Egypt and Orange Egypt Strengthen Strategic Partnership with Landmark Service Agreements
Telecom Egypt has signed agreements worth EGP 15 billion with Orange Egypt to enhance digital infrastructure and service offerings. These agreements will extend transmission services, connect mobile sites via fiber-to-the-site (FTTS), and support 5G rollout. The partnership solidifies both companies’ positions in the Egyptian telecom market.
Etihad Salam Telecom and center3 Strengthen Partnership to Enhance Digital Infrastructure in Saudi Arabia
Etihad Salam Telecom and center3 have strengthened their partnership to improve digital infrastructure in Saudi Arabia. The collaboration aims to enhance network resilience, connectivity, and scalability, leveraging advanced data centers and internet exchanges to support Saudi Arabia’s growing ICT sector and contribute to the region’s digital transformation.
