Technology Investment -

Ghana Secures $1 Billion UAE-Backed Innovation Hub to Drive Africa’s AI Leadership

Shahzaib3 weeks ago3 weeks ago03 mins

Ghana and the UAE’s Ports, Customs and Free Zone Corporation have signed a $1 billion agreement to build a large-scale innovation hub near Accra. The project, launching in 2026, aims to position Ghana as a continental leader in AI and digital technology, leveraging local talent trained under Ghana’s “One Million Coders” program. The UAE’s PCFC will bring funding, technology, and global partnerships to the initiative, marking their first hub in Africa. This strategic move is expected to create thousands of jobs and accelerate Africa’s digital transformation.

STV Announces Final Close of US$100 Million STV NICE Fund I to Support Saudi Startups

Shahzaib2 months ago2 months ago03 mins

STV has closed its US$100 million STV NICE Fund I, a non-dilutive capital fund aimed at supporting Saudi Arabia’s tech startups. The fund offers Sharia-compliant financing, allowing growth-stage companies to scale without equity dilution. Backed by public-private partnerships, it aligns with Saudi Arabia’s Vision 2030 economic diversification efforts.

Egypt Ranked as One of Africa’s Top Tech Investment Destinations for 2024

Shahzaib4 months ago4 months ago01 mins

Egypt has been ranked third among Africa’s top technology investment destinations for 2024, securing $297 million across 89 deals. The country also leads in fixed broadband speeds and excels in internet speed, cybersecurity, and technological development, reinforcing its influence in Africa’s growing digital economy.

Egypt Ranks Among Top Five African Nations for Technology Investments in 2024

Shahzaib4 months ago4 months ago03 mins

Egypt secured its position as one of Africa’s top five technology investors in 2024, with $297 million invested in 89 deals. The country also leads Africa in fixed broadband internet speed and continues to make strides in digital infrastructure, ensuring it remains a key player in the continent’s technological transformation.

Aramco’s Wa’ed Ventures Invests in UK-Based AI Cloud Start-Up Ori

Shahzaib4 months ago4 months ago02 mins

Aramco’s venture arm, Wa’ed Ventures, has invested in UK-based AI cloud start-up Ori. This investment, aimed at establishing a subsidiary in Riyadh, underscores Saudi Arabia’s growing focus on advancing AI. Ori, which supplies AI infrastructure and uses Nvidia’s H200 chips, has also been backed by Telefonica and NextEra Energy.

Mari Petroleum Expands Into Tech: Plans to Build Data Centers Across Pakistan

Shahzaib9 months ago9 months ago03 mins

Mari Petroleum Company Limited (MPCL) is diversifying into technology by investing in data centers and cloud computing across Pakistan. The initiative includes building Tier III and IV data centers to meet increasing data demands in various sectors, following the creation of a dedicated digital infrastructure subsidiary.

Korean Tech Giants Eye AI Expansion in the Middle East Amid Economic Diversification Efforts

Shahzaib9 months ago9 months ago03 mins

Korean tech giants are poised to expand in the Middle East, exploring opportunities to establish semiconductor facilities in the UAE. This move aligns with the region’s strategy to diversify beyond oil, leveraging AI and advanced manufacturing to foster economic growth.

Bangladesh Faces Mobile Network Challenges Due to Tower Shortage

Shahzaib9 months ago9 months ago03 mins

The Bangladesh Mobile Phone Consumer Association has identified a severe shortage of mobile network towers as a significant barrier to reliable service. With only 40% of the necessary infrastructure built, the country faces frequent disruptions, emphasizing the need for urgent investment and better sector coordination.

Etisalat Misr Announces Major Investment and Expansion in Egyptian Market

Shahzaib9 months ago9 months ago04 mins

Etisalat Misr announces a LE10 billion investment to transform its network, aiming to shift from telecom to technology services in Egypt. The investment supports innovations in digital solutions, financial services expansion, and the introduction of new technologies like 5G and eSIM, aligning with Egypt’s digital transformation goals.

Polymatech Electronics Announces New $16 Million Semiconductor Facility in Bahrain

Shahzaib9 months ago9 months ago01 mins

Polymatech Electronics is set to establish a $16 million semiconductor facility in Bahrain, focusing on 5G and 6G components. This initiative marks a key part of Polymatech’s global expansion and aims to meet the rising global demand for advanced semiconductor technology.

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Al Madina Summer Fest Attracts Shoppers Across UAEwith Over 10,000 Free Trolleys

Maroc Telecom and IFC Partner to Boost 4G Connectivity in Mali and Chad with €370 Million Investment

Pak Datacom Signs MoU with Asia-Pacific Satellite Broadband Provider to Expand Digital Connectivity

e& Egypt Officially Launches 5G Services, Accelerating National Digital Transformation

Meta Launches ‘Teen Accounts’ on Instagram in Partnership with UAE’s Digital Wellbeing Council

Türk Telekom Advances 6G Innovation with Open RAN Synchronisation Partnership

Saudi AI Firm Humain Launches ‘Humain Create’ Division to Innovate in Media, Gaming, and Advertising

Africa Data Centres Partners with Blue Turtle to Expand Colocation Services in South Africa

AI and Digital Tools Empower MENA Small Businesses to Scale Beyond Social Media

Zain KSA Launches First Phase of 5G Standalone Commercial Deployment on 600 MHz Band

Technology Investment

Ghana Secures $1 Billion UAE-Backed Innovation Hub to Drive Africa’s AI Leadership

STV Announces Final Close of US$100 Million STV NICE Fund I to Support Saudi Startups

Egypt Ranked as One of Africa’s Top Tech Investment Destinations for 2024

Egypt Ranks Among Top Five African Nations for Technology Investments in 2024

Aramco’s Wa’ed Ventures Invests in UK-Based AI Cloud Start-Up Ori

Korean Tech Giants Eye AI Expansion in the Middle East Amid Economic Diversification Efforts

Bangladesh Faces Mobile Network Challenges Due to Tower Shortage

Etisalat Misr Announces Major Investment and Expansion in Egyptian Market

Polymatech Electronics Announces New $16 Million Semiconductor Facility in Bahrain