Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Rakiza has raised $1 billion from global investors to finance infrastructure projects in Oman, supporting sectors including food security, telecoms, logistics, and energy. Backed by the Oman Investment Authority, the fund has created a new channel for foreign investment while building an independent platform for long-term national development.
Turkcell secures $150 million Murabaha financing from Dubai Islamic Bank to fund infrastructure investments in data centres, cloud, and renewable energy. The deal diversifies financing sources and attracts Gulf investors, supporting Turkcell’s long-term growth and financial resilience.
Egypt is undergoing rapid infrastructure development, but the AV sector faces challenges despite strong economic growth. Investment in smart cities, transportation, and digital technology is driving opportunities in AV, but geopolitical issues and currency fluctuations create uncertainty. The hospitality and cultural sectors are emerging as key areas for AV growth.
Rowad Capital Commercial (RCC) will acquire a 60% stake in Uganda Telecommunications Corporation (UTel) as part of a plan to manage and commercialize Uganda’s ICT National Backbone Infrastructure. The partnership involves an initial investment of US$25 million, with plans to invest an additional US$200 million over three years.