Egyptian fintech company MNT-Halan has secured US$157.5 million in funding to support its global expansion. Founded in 2018 to provide digital banking solutions for the unbanked, MNT-Halan’s ecosystem includes business lending, consumer finance, and e-commerce. With over 2.2 million active users, the company aims to extend its innovative financial services internationally.
Banknbox and CSC Jordan seek to strengthen their position in MENA’s fintech sector by integrating their customer-facing systems from banks and financial institutions as well as linking applications to provide distinctive regional services to their customers.
ITIDA and DXC Technology Egypt have signed an MoU to enhance Egypt’s software industry by leveraging ITIDA’s SECC for training and certifications. The partnership aims to boost software exports and elevate Egypt’s position as a global IT services hub.
Egypt plans to boost its ICT sector’s contribution to GDP from 5.8% to 8% by 2030. Minister Amr Talaat emphasized strategic collaborations and investments in submarine cables, cloud computing, and local mobile manufacturing. Initiatives include training programs for 500,000 ICT professionals annually, expanding digital innovation centers, and enhancing digital infrastructure, including broadband coverage and fiber optic networks, to support these goals.
Dopay secures $13.5M to expand its digital payroll platform for unbanked workers in Egypt, aiming to enhance financial inclusion and launch new services.
Egypt is set to revolutionize its mobile telecom sector with e-SIM technology and its first 5G network, promising enhanced connectivity, competition, and affordability.
Swvl Holdings Corp secures a $6.3 million contract with e& Egypt, enhancing daily transportation in the region. This partnership aims to redefine industry standards, drive societal change, and support sustainable transit solutions, aligning with Swvl’s mission to provide safe and eco-friendly mobility options.
Egypt, Telecom Egypt, ITIDA, and Nokia have signed an MoU to create an IP Excellence Center, boosting Egypt’s digital infrastructure, innovation, and ICT exports. This partnership will enhance network automation, AI advancements, and software development, positioning Egypt as a global IT services hub.
Telecom Egypt and Hungary’s 4iG Group have signed a $600 million, 10-year agreement to build a fiber network in Egypt, providing high-speed internet to six million households. The project supports Egypt’s Vision 2030 and the “Digital Egypt” strategy, enhancing the country’s digital transformation efforts.
ITIDA, Telecom Egypt, and Nokia have signed an MoU to establish an IP Excellence Center in Egypt, expanding Nokia’s operations and boosting Egypt’s ICT services exports. The center will serve 60 countries in the MEA region, leveraging local talent and enhancing Egypt’s role in the global digital ecosystem.
