Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Egypt Post has introduced Felousy, the nation’s first fully digital investment-fund platform, offering access to more than 40 funds across multiple asset classes. Operated by PFI Investment Services, the platform supports Egypt’s digital-transformation agenda while expanding retail investment access. Additional launches include enhanced digital payments, cross-border transfers and new smart logistics services.
Egypt Post has unveiled Egypt’s first mobile-based investment platform, enabling simple access to diversified funds and supporting financial inclusion. “Felousy” strengthens Egypt Post’s role in digital transformation while new services such as Easy Pay upgrades and smart parcel lockers expand convenience and modernized service delivery nationwide.
The State Bank of Pakistan has launched InvestPak, a digital investment portal enabling individuals and corporates to invest directly in government securities online. The platform simplifies account opening, bidding, and trading, marking a major step toward financial digitization. With Rs46.5 trillion already invested in government papers, the initiative will expand access, encourage individual participation, and streamline operations for banks and investors alike.
Amazon Web Services met with Pakistan’s Commerce Minister Jam Kamal Khan in Malaysia to explore digital investments and startup collaborations. Talks covered fintech, AI, 5G, and cross-border e-commerce, with AWS and Ant Group expressing interest in expanding Pakistan’s tech ecosystem through new partnerships and capacity-building projects.
North Africa is emerging as a cornerstone of MENA’s gaming market, powered by a youthful population, government backing, and investor confidence. With 559 million players across the region and over $56m in recent funding, MENA is becoming one of the world’s fastest-growing gaming ecosystems.
BAN’s new digital platform aims to streamline the early-stage investment process by centralizing deal sourcing, improving accessibility, and creating more opportunities for cross-border investments. The platform will help both investors and startups navigate the funding process more easily, while boosting Bangladesh’s growing startup ecosystem.
Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has announced plans to invest EGP 1 billion in the digital sector, focusing on technological infrastructure and cybersecurity. This strategic move comes as the bank records net profits of EGP 6.80 billion for the nine-month period ending September 30, 2024.