Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Experts at a cybersecurity event in Kathmandu emphasized the need for enhanced education, awareness, and a robust policy framework to combat rising cyber threats in Nepal. They highlighted the importance of practical skill development, grassroots cyber literacy, and a comprehensive National Cybersecurity Policy to protect the nation’s digital infrastructure and ensure long-term resilience.
Nepal Telecom (NT) reported a 16.44% decline in net profit for Q4 FY 2080/81, dropping to Rs. 6.62 billion. The decrease was driven by a 4.99% reduction in revenue and significant declines in investments and finance income. However, the company saw a slight increase in reserves and reduced operating expenses by 12.98%.
The DIGI Nepal Fintech Challenge, launched by the Swiss Agency for Development and Cooperation (SDC) and True North Associates (TNA), aims to promote digital innovation in Nepal’s fintech sector. The challenge offers an accelerator program with technical assistance, mentorship, and potential co-funding grants for selected participants to pilot their innovations.
CG Mobile, a subsidiary of Chaudhary Group, is now the sole authorized partner of Motorola in Nepal. The collaboration will see the launch of Motorola phones, from entry-level to flagship models, before Dashain. This partnership aims to revitalize Motorola’s presence in Nepal, with operations managed from India.
UNESCO Kathmandu organized a consultation on AI in Education, uniting over eighty stakeholders to explore AI’s transformative potential in Nepal’s education system. Discussions focused on integrating AI to enhance learning, promote inclusivity, and develop robust policies. This initiative aims to prepare students for a tech-driven future and improve educational outcomes.
Nepal’s 4G user base has surpassed 20 million, with mobile broadband holding a 66.28% market share, per the NTA’s latest report. Despite a minor decline of 204,548 users from Falgun to Chaitra 2080, Nepal Telecom and Ncell continue to dominate the 4G landscape, driving digital transformation and connectivity.
Ncell and Meta are partnering to provide Nepalese mobile subscribers with free access to Facebook Basic Mode and text-only web browsing through the Discover app, even without a data package. This initiative aims to increase internet adoption and digital inclusivity in Nepal.
Nepal Telecom has expanded 4G services to Machhapuchhre and Annapurna Base Camps, benefiting tourists and locals. Deurali has also been upgraded to 4G, marking the first time 4G is available at such high altitudes, enhancing connectivity in these popular trekking destinations.
Huawei launched the Seeds for the Future 2024 program in Nepal, marking its fourth year of supporting the country’s digital transformation. The program, in partnership with Nepal’s Ministry of Education, offers training and competitions in China, aiming to empower Nepali students with technological knowledge and entrepreneurial skills.
Nepal’s Chaudhary Group (CG) has partnered with China’s Huawei Technologies in a $100 million deal to launch 4G services. Aiming to transform Nepal’s mobile market, CG plans an initial $250 million investment, focusing on data services. Despite U.S. concerns, CG is confident in the collaboration and future expansion.