Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Vodacom’s Q1 2025 revenue growth is fueled by strong performance in Egypt and fintech services, advancing its digital transformation and financial inclusion ambitions across Africa.
MENA’s startup scene thrives in Q2 2025 with major funding and strategic moves in fintech, health, food tech, and SaaS. Saudi Arabia and UAE lead with large rounds and expansions, while emerging markets like Iraq see growing tech innovation.
Fawry’s first quarter of 2025 demonstrates continued growth with a 65.1% increase in revenue and a 97.1% surge in net profit. Key drivers included strong performances in Financial Services, Banking, and Supply Chain Solutions. The company remains focused on expanding its digital services while enhancing profitability and operational efficiency.
A new Mastercard report forecasts Africa’s digital payments economy will reach $1.5 trillion by 2030. Key initiatives focus on empowering SMEs, boosting the fintech sector, and enhancing cross-border payments. The report highlights rising internet penetration and financial inclusion, driving Africa’s shift toward digital transaction adoption.
Thawani Technologies has secured a spot on Forbes Middle East’s Top 50 Fintech Companies for the second year, advancing to 36th place in 2025. The company’s growing influence in Oman’s fintech sector reflects its commitment to digital transformation and financial inclusion, aligning with Oman Vision 2040.
Basata Holding has increased its stake in MadfoatCom to 25%, enhancing digital payment services in Jordan. The strategic acquisition, in partnership with major Jordanian financial institutions, aims to expand financial inclusion and improve digital infrastructure. The collaboration focuses on enhancing payment solutions, particularly for small and medium-sized enterprises (SMEs).
Bahrain’s startup ecosystem has generated USD 1.2 billion from July 2021 to December 2023, with fintech leading the way. Key players like Tamkeen, Bahrain FinTech Bay, and Central Bank of Bahrain support this growth. Tech startups such as Calo and Unipal continue to attract investment, signaling strong growth for 2025.