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Mediterrania, Proparco, DEG et FMO déboursent 75 millions € pour acquérir une part du Laprophan
Mediterrania Capital Partners (MCP) a dirigé un consortium d’investisseurs comprenant Proparco, FMO et DEG, dans la signature d'un accord d’un montant de 75 millions € avec la société marocaine Laprophan, active dans le secteur pharmaceutique.
Khazna Data Centers and Benya Group to invest $250 million to build a giant data center in Egypt
Khazna Data Centers Plans to Enter Egypt with Benya Group to Set Up the country’s first hyper-scale data center in Maadi Technology Park with a total investment of USD 250M
Citi Appoints Omar Hafeez as Head of North Africa, Levant and Central Asia Sub-Cluster
The appointment follows the reorganization of the broader Middle East & Africa region and the formation of three sub-clusters; Sub Saharan Africa, Middle East & Pakistan, and North Africa, Levant and Central Asia.
Nokia MEA Mobile Broadband Index confirms 5G drives digital transformation
The in-depth report highlights the steady growth of 5G in the Middle East and Africa region (MEA) as well as its impact on digital transformation.
Network International strengthens partnership with Polaris Bank
Network International strengthens Partnership with Polaris Bank to deepen financial inclusion, digital transformation.
Finverity raises $5 million to expand Supply Chain Finance Technology
Finverity raises $5m equity funding as revenues grow 15x to meet the demand for its solutions, and finish opening its offices in Dubai, Poland and Kenya.
EBRD and ACAMS step up anti-financial crime training in North Africa and Middle East
EBRD and ACAMS launch two scholarship programmes for anti-money laundering and sanctions compliance training.
Aramco and DHL Supply Chain announce new end-to-end Procurement and Logistics Hub joint venture
Aramco and DHL Supply Chain partnership move is expected to help customers drive supply chain efficiency and cost benefits while reducing their carbon footprint through more sustainable solutions
almentor secures a $10mn investment round led by e& capital for its expansion
almentor secures a $10mn investment round led by e& capital to bridge the education gap for 10 million Arabic speakers.
Ooredoo evolves fintech services in footprint markets, partners with Huawei at MWC 23
Ooredoo Group has signed a partnership agreement with Huawei to leverage their Mobile Fintech platform to provide Fintech services in markets across the company’s footprint.
[RDC] Orange inaugure le 15ème Orange Digital Center au Moyen-Orient et en Afrique
Fonctionnant en réseau, les Orange Digital Centers permettent le partage d'expériences et d'expertise entre les pays et offrent une approche simple et inclusive pour améliorer l'employabilité des jeunes, encourager l'entrepreneuriat innovant et promouvoir l'écosystème numérique local.
Audi Volkswagen Middle East announces collaboration with DHL in the Middle East & Africa
udi Volkswagen Middle East (AVME) announces DHL Global Forwarding as its new warehousing partner for the entire spare parts supply chain in the Middle East, for the Volkswagen and Audi brands.
Mintoak raises $20 Million series A funding round led by PayPal Ventures
Mintoak raises $20 Million series A funding round led by PayPal Ventures to expand into new markets including the Middle East, Africa and Southeast Asia.
HALA Fintech to acquire UAE’s payment startup – Paymennt.com
Hala announced that it has acquired, through its holding company, United Arab Emirates Paymennt.com during the second edition of the Largest Global Technology event – LEAP 2023.
uqudo in partnership with TECH5 supports countries in organizing free and fair elections
uqudo’s leading digital identity platform combined with TECH5’s top-tier facial authentication and liveness technologies provides a smooth and secure voter identity verification for elections.
Gameball to announce $3.5 million seed round for international expansion
Founded in 2020 by Ahmed Khairy, Ahmed El Assy and Omar Alfar, Gameball is a customer intelligence and marketing CRM platform that helps consumer brands create personalised engagement with customers and monetise their customer base.
Rwanda and Singapore to launch Annual Global Inclusive FinTech Forum
Rwanda and Singapore launched Annual Global Inclusive FinTech Forum to advance innovation in inclusive finance.
Healthtech Yodawy bags $16M to expand into emerging markets
Egypt’s digital healthcare startup Yodawy has raised $16 million in a Series B funding round co-led by Delivery Hero Ventures and Global Ventures, bringing its total funding to $24.5 million,
Husk becomes first profitable minigrid company in Africa and Asia
Owner of the largest fleet of community solar minigrids with 150 in operation, Husk was EBITDA positive in its primary markets of Nigeria and India in Q4 2022.
Vantage Capital announces the final close of its fourth mezzanine fund
A total of US $377 million of commitments has been secured from a mix of European and US-based commercial investors, as well as a host of development finance institutions (DFIs) that include IFC, BII, SIFEM, DEG, Norfund, Swedfund, Finnfund and EIB.
Radisson Hotel Group delivers strong growth in 2022 through its 9 relevant brands
In 2022, Radisson Hotel Group continued to drive forward its ambitious expansion plan to be one of the top three hotel groups in the world with its strong portfolio of nine distinct brands and its growing resorts portfolio.
Toggle Market has expanded its B2B buy now, pay later (BNPL) solution to Rwanda
Toggle Market’s B2B ‘Buy Now Pay Later’ continues its expansion across the African continent and now launched in Rwanda in addition to other four African countries.
Apparel Group to announces joint venture with Steve Madden to expand its global presence
Apparel Group aims to significantly expand Steve Madden’s footprint in the GCC, Africa, Türkiye, CIS countries and South Asia.
CellPoint Digital partners with Akwaaba to scale grocery e-commerce
CellPoint Digital, the London-based pioneer of Payment Orchestration, has announced it is partnering with Akwaaba, a multinational food, grocery and household goods retailer.
Orange Esport Experience 2023 edition in Abdjan
Orange, a major partner of Esport in Africa and the Middle East is organizing the regional grand final of the pan-African “Orange Esport Experience” championship on January 28 and 29, 2023, in Abidjan.
MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries
The partnership will see Moneygram offer transfer services via Astra’s United Arab Emirates-based communications company Botim.
Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA
The new card was announced will allow ZoodPay to scale its offerings and provide BNPL solutions to customers and merchants without being restricted to the ZoodPay network.
GITEX to launch Africa edition in 2023
GITEX Africa is launched in partnership with the Digital Development Agency, a public agency leading the Moroccan government’s digital transformation agenda under the authority of the Moroccan Ministry of Digital Transition and Administration Reform.
Jean-Charles Yallet, nouveau Directeur Régional de Mastercard en Afrique Francophone
Jean-Charles Yallet, une nomination qui participe au renforcement de l’engagement de Mastercard dans les marchés clés.
JDE selects Orange Business Services for future-proof and scalable connectivity infrastructure
JDE selects Orange Business Services for future-proof and scalable connectivity infrastructure to support global business expansion.
Astra Tech buys Botim for better App experience and expansion
Astra Tech has bought Botim, taking it a step closer to creating a platform that will offer everything from instant messaging to digital payments.
Direct Carrier Billing industry consolidates in Africa and the Middle East
This initiative is part of the strategic alliance between the two companies to place direct carrier billing at the forefront of the payments industry and reinforce their commitment to developing a transparent, secure, and stable mobile economy.
Medusa Submarine Cable System chooses Orange infrastructure to connect Southern Europe and North Africa
Medusa Submarine Cable System chooses the new Orange infrastructure in Marseille to land a new strategic route connecting Southern Europe and North Africa.
[Column] Renan Ozyerli: Equitable access to healthcare should be a bigger priority as the world emerges from COVID-19
The World Health Organization (WHO) has said the world is at “the beginning of the end” of the COVID-19 pandemic with the numbers of deaths and cases slowing considerably.
IFC launches new platform to bolster venture capital ecosystems in Africa, Middle East, Central Asia and Pakistan
To help build the digital economy in Africa, Middle East, Central Asia, and Pakistan, IFC has launched a new $225 million platform to strengthen venture capital ecosystems and invest in early-stage companies
Radisson Hotel Group continues to strengthen its presence in Africa
Radisson Hotel Group plans to strengthen its already impressive presence in Africa. The Group has ambitious plans to reach 150 hotels and 25,000 rooms within the next five years across the continent, making Africa a key region for growth.
Moove has raised £15 million from Emso Asset Management to scale it's UK fleet
Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing it has raised £15 million in debt financing from Emso Asset Management
IFC partners with HSBC to support trade finance in emerging markets
IFC and HSBC Bank (HSBC) are partnering to support trade finance for emerging market issuing banks which will help the flow of critical goods to regions in Latin America, Central Asia, the Middle East, and Africa.
DFC approved 62 new transactions worth more than $2.3 billion for this quarter
U.S. International Development Finance Corporation (DFC) approved 62 new transactions this quarter totaling more than $2.3 billion of investment to help solve some of the world’s greatest development challenges.
Tink and Adyen partner for open banking payments
The deal sees Tink’s technology embedded into Adyen’s single platform, enabling Adyen customers to seamlessly offer next generation open banking payments to consumers.
Mastercard Crypto Secure™ to bring a new level of trust to crypto purchases across global network
Mastercard has launched Crypto Secure, a first-of-its kind technology solution designed to bring additional security and trust to the digital ecosystem.
MoneyGram and Jingle Pay partner to enable global money transfers through the Jingle Pay app
Through this strategic partnership, consumers in the UAE can use the Jingle Pay app to send money in near real-time to over 200 countries and territories around the world. MoneyGram has also completed a minority investment in Jingle Pay, providing the Company with a direct ownership position in the startup
CreditCare Tech partners with Moneygram to expands trusted service in Nigeria and more locations globally
Creditcare Technology announced that they have partnered with MoneyGram a global leader in the evolution of digital P2P payments, to expand further into the emerging markets of the Philippines, Vietnam, and, now Nigeria with Moneygram.
MoneyGram Helps e& offer mobile wallets to 160M Consumers across Asia, Africa and the Middle East
MoneyGram and e& international expand their partnership, enabling 160M consumers across Asia, Africa and the Middle East to send money globally
CellPoint Digital partners with Radisson Hotel Group
Radisson Hotel Group will now use CellPoint Digital’s full payment orchestration platform to seamlessly integrate new payment methods, new acquirers and stored card facilities.
Gennecs plans USD 150 Mn vaccine factory in Egypt
Gennvax Featured on global economics reflecting how this national project will change the African market and position Egypt as a major player within the vaccines landscape map
The President of Egypt Abdel Fattah el-Sisi meets Eni CEO Claudio Descalzi
The main issues addressed were the production of natural gas and LNG export, areas in which Egypt has acquired a central role in the Mediterranean since Eni’s discovery of Zohr. The company is committed to supporting gas production increase.
Orascom Construction earns multiple top global ENR 2022 rankings
Orascom Construction PLC announced that it has been highly featured in several rankings published by Engineering News Record (ENR), one of the world’s leading global engineering and construction publications.
ArabyAds secured US$30 million for MENA expansion
ArabyAds raises US$30 Million in Pre-Series B funding round from AfricInvest Maghreb Private Equity Fund IV; eyes global expansion
Aktif Bank opened its first international representative office in Rwanda
Aktif Bank Breaks Ground in the African Continent once again by opening it's first international representative office in Rwanda
Orascom Construction adds USD 1.8 Billion to its backlog in Q2 2022
Orascom Construction PLC (NASDAQ Dubai: OC; EGX: ORAS) announced that it has added USD 1.8 billion of new awards to its backlog in Q2 2022. This reflects an increase of 55% y-o-y and brings total new awards in H1 2022 to USD 2.4 billion.
Chimera to buy 56% from Egyptian company Belton Financial
UAE-based investment firm Chimera Investments LLC announced the completion of a majority stake acquisition in Egyptian financial services company Beltone Financial Holding.
United Bank for Africa expands to EMEA, launches banking operations in Dubai
The United Bank for Africa (UBA), announced it has extended its operations to the United Arab Emirates with the official launch of its new branch at the Dubai International Financial Centre (DIFC).
EnerMech secures $128m new contract wins in Africa, Middle East and Caspian
Global integrated solutions specialist EnerMech has secured a number of OPEX and CAPEX contracts in core and new markets totaling $128 million across its Africa, Middle East and Caspian locations.
YouTube Shorts celebrates one year in the Middle East & North Africa
One year ago, YouTube introduced Shorts in the Middle East & North Africa to further our mission to give everyone a voice and help creators grow their audiences and be inspired by new video formats.
Honeywell joins City Possible network pioneered by Mastercard
Honeywell announced it is joining City Possible, the ecosystem pioneered by Mastercard that brings cities, companies and communities in the Middle East together to identify common challenges and develop solutions that advance inclusive and sustainable urban development.
Wego and German National Tourism office GCC partner for the Third Year running
Wego, the largest online travel marketplace in the Middle East and North Africa (MENA), and German National Tourist Office for the GCC sign new partnership to inspire travellers to visit the country post COVID-19.
Mastercard signs MoU with Saudi Esports Federation to promote the Kingdom’s billion-dollar gaming industry
Mastercard and the Saudi Esports Federation (SEF) have signed a Memorandum of Understanding (MoU) to help promote the Kingdom’s billion-dollar gaming industry.
Mastercard strengthens leadership team to accelerate growth across Middle East and North Africa
Mastercard has reaffirmed its commitment to the GCC and wider region through the appointment of Mastercard veteran J.K. Khalil to lead its operations across the MENA East Cluster in his new role as Cluster General Manager.
[Egypt] Mitsubishi Power signs decarbonization agreement for hydrogen fuel conversion
Mitsubishi Power signed a full turnkey contract with leading Egyptian O&G Company Alexandria National Refining & Petrochemicals Company (ANRPC) to provide advanced hydrogen fuel conversion technology solutions, supporting the company to achieve its decarbonization goals.
DarkPulse appoints MultiNet Communications as its distributor across Middle East, Africa and GCC countries
DarkPulse announced that MultiNet Communications has become a distributor for DarkPulse BOTDA EREBOSÔ sensing systems across the Middle East and Africa including United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain.
Mastercard and EziPay join to provide fintechs more digital commerce solutions for millions in MEA
Mastercard has strengthened its collaboration with major fintech operators by partnering with EziPay to enable millions of consumers across the Middle East and Africa (MEA) to make global digital commerce payments swiftly, safely and securely.
Wevioo & Codelab réunissent créer la centre d’expertise dédié aux technologies low-code en Afrique du Nord
Wevioo a signé un accord de partenariat avec Codelab pour construire le plus grand centre d’expertise en compétence Low-Code d’Afrique du Nord.
[Egypt] Plastic bank signs a cooperation agreement with Lorenz snack world
Plastic Bank Social Enterprise announced the signing of a new partnership with Lorenz Snack World – Egypt, which seeks to contribute to the efforts made to reduce plastic waste and prevent it from reaching seas and rivers.
Mastercard strengthens digital payment capabilities across EEMEA
For the digitally connected consumer who seeks immediacy and convenience, Mastercard’s Digital First program delivers an innovative and secure experience that makes it easier to pay and enjoy the value of the card in ways that personally matter.
Mastercard study advocates financial inclusion as a driver for better access to health and education
Financial inclusion is driving better access to health and education across Middle East and Africa, according to a new white paper from Mastercard.
Organon introduces global ESG strategy and commitments with publication of inaugural ESG report
Organon, a global women’s healthcare company in the Middle East and North Africa announced the publication of its inaugural Environmental, Social, and Governance (ESG) Report for 2021.
DarkPulse appoints Ehab M. Eldemeri as Director for Africa and GCC countries
Technology company DarkPulse announced the appointment of Ehab M. Eldemeri as Director for Africa and the Gulf Cooperation Council (GCC) countries.
BeIN MEDIA GROUP and Microsoft expand collaboration
beIN MEDIA GROUP and Microsoft have reinforced their commitment to transform the media sector and reinvent the broadcast experience by signing a MoU that furthers their longstanding partnership.
Hotpack grows its foothold in Morocco
Hotpack Global announced a regional expansion in Morocco, joining hands with the retail leader of the African nation, Retail Holding through its investment arm, Best Financiers.
Mastercard and HyperPay sign a strategic partnership
Mastercard has announced a strategic partnership Saudi Arabia-based HyperPay to drive the adoption of digital payment solutions across the region.
Mastercard, One Global and i2c partner to launch integrated wallet in Middle East and North Africa
Mastercard, One Global™ and i2c have announced a partnership to provide tailored financial solutions that will enable the issuance of digital mobile wallets in the region.
[Egypt] OneWeb and Benya Group collaborate to provide connectivity services in the Middle East and Africa
Leading digital solutions and ICT infrastructure provider Benya Group announces the signing of a MoU with OneWeb and the joint venture entity formed between OneWeb and NEOM to explore the distribution of connectivity services across the MEA region
[Egypt] Sokin expands payments partnership with Mastercard across the region
Sokin expands payments partnership with Mastercard to connect consumers in 39 new markets to payments services that are more open and transparent, removing the barriers that have historically hindered access and financial inclusion.
Marriott International signs agreement with the Red Sea Development Company
Marriott International, Inc. announced it has signed an agreement with The Red Sea Development Company to debut its distinguished Ritz-Carlton Reserve brand.
Orange Corners and AstraZeneca partner to boost youth entrepreneurship in Africa
Orange Corners (OC) and AstraZeneca have announced a new partnership to support the Orange Corners programme in the Palestinian Territories focused on creating an enabling environment for young entrepreneurs.
BlackBerry partners with Midis to drive growth in Eastern Europe, Middle East and Africa
BlackBerry announced it has entered into a partnership with Midis Group to expand its go-to-market sales motion across Eastern Europe, the Middle East, and Africa.
Frost & Sullivan appoints Robin Joffe as Partner-Managing Director of Middle East, Africa, and South Asia
Frost & Sullivan has appointed Robin Joffe as Partner-Managing Director of its Middle East, Africa, and South Asia (MEASA) operations, to better serve an increasingly strategic customer segment.
ACC Aviation transacts B737-300 from South Africa's Star Air Cargo to Middle East
ACC Aviation announced it has successfully transacted a Boeing B737-300 (ZS-TGB) from South Africa’s Star Air Cargo to a Middle East-based investor.
Huawei, Sunline jointly launch contactless Digital Loan One Box Solution
Sunline and Huawei have jointly released the Digital Loan One Box Solution, a global contactless solution for financial services.
Middle East’s STCPay selects Temenos to expand its digital payments portfolio
Temenos, the banking software company, announced Saudi Arabian digital wallet, STCPay, has selected cloud-native, cloud-agnostic Temenos Payments and Temenos Transact running on a private cloud to achieve exponential growth.
Arab Investment Bank selects Temenos to drive digital growth, financial inclusion in Egypt
Temenos, the banking software company announced that Arab Investment Bank has selected Temenos to power its digital customer experience.
DFC approves over $2.1b in new investments for global development
The U.S. International Development Finance Corporation (DFC) has approved investments this quarter totaling more than $2.1 billion to advance development in emerging markets in Africa, Eastern Europe, Indo-Pacific, Latin America, and the Middle East.
Satellite Monitor annual research shows SES increase reach to 366 million TV homes worldwide
SES announced the results of its annual Satellite Monitor market research, the industry’s premier accounting of satellite’s TV reach, which underscores SES’s position as the leader in enabling content delivery via satellite directly and indirectly.
BonelliErede cooperates with Libya's Zahaf & Partners to expand African footprint
Italian law firm BonelliErede, announced a cooperation with Zahaf & Partners, a Libyan law firm, to enable BonelliErede expand its presence in the country, thereby continuing on a path of strategic development
Healthtech startup Altibbi raises $44m to scale growth across the MENA region
Middle East’s AI-based digital health platform Altibbi, has raised $44 million in Series B fund funding led by Foundation Holdings, Hikma Ventures and existing investors Global Ventures and DASH Ventures.
Orange inaugure au Maroc avec le 10ème Orange Digital Center en Afrique et au Moyen-Orient
Orange Maroc et la Coopération Allemande ont inauguré aujourd’hui à Rabat le premier « Orange Digital Center » (ODC) du Maroc, un écosystème entièrement dédié au développement des compétences numériques et à l’innovation.
Orange inaugurates in Morocco with 10th Orange Digital Center in Africa and the Middle East
To support the development of new technologies in the Kingdom and make digital more accessible to all, Orange Maroc and the German Cooperation has inaugurated in Rabat, the first “Orange Digital Center” (ODC) in Morocco.
[Egypt] NCSC signs an MoU with Beyon Connect to onboard cutting-edge ‘OneID’ and ‘OneBox’
Beyon Connect and Bahrain’s National Cyber Security Centre (NCSC) have signed an MoU that will see the NCSC adopt innovative digital identity and digital postbox solutions and services delivered by Beyon Connect.
TOD unveils streaming services in the MENA region
TOD, a pioneering new subscription-based over-the-top (OTT) platform, has been unveiled to audiences across the Middle East and North Africa (MENA) region.
iSAT Africa selects Clear Blue Technologies as preferred partner for smart solar off-grid power
Clear Blue Technologies International Inc., the Smart Off-Grid Company, today announced that it has entered a memorandum of understanding, with iSAT Africa, an integrated communications services provider serving Africa and the Middle East.
Crescent Enterprises commits to digital inclusion to impact youths across the MENASA region
UAE -based Crescent Enterprises announced its commitment to the EDISON Alliance 1 Billion Lives Challenge, to impact 100,000 youth in the Middle East, North Africa, and South Asia (MENASA) region by 2025.
Mastercard Women SME Leaders Awards 2022 est ouvert aux candidatures d'entreprises appartenant aux femmes
Pour célébrer leurs réalisations, Mastercard a annoncé la première édition des Women SME Leaders Awards 2022, la première initiative du genre à reconnaître et à autonomiser davantage les PME détenues et gérées par des femmes au Moyen-Orient et en Afrique.
Mastercard Women SME Leaders Awards 2022 is open for nominations from women-owned and run businesses in the region
As a celebration of their achievements, Mastercard has announced the inaugural Women SME Leaders Awards 2022, the first initiative of its kind to recognize and further empower women-owned and run SMEs in the Middle East and Africa.
Eutelsat and Marlink extend Global Maritime Partnership for GEO Ku-band satellite capacity
Eutelsat Communications and Marlink, the Smart Network Company, have agreed to extend their Global Maritime Partnership, initially signed in 2019, to support expansion in Africa and the Middle East.
Fintech startup Pyypl closes $11m Series A financing round to expand in the Middle East and Africa
Pyypl, the international blockchain technology-based startup that provide digital payments and financial services for smartphone users, announced the closing of $11 million series A financing round.
B2B marketplace startup Retailo raises $36m Series A funding to empower community commerce in the MENA region
Retailo, the B2B marketplace startup for retailers in Middle East, North Africa, and Pakistan (MENAP) which is digitizing the region's retail supply chains, has raised $36 million in its Series A investment round.
TerraPay partners with FloCash to enable cross border business payments in Middle East and Africa
TerraPay, a global payments infrastructure company, has partnered with Flocash, a provider of payment services powering ecommerce in Middle East & Africa, for large cross-border business payments.
Acer announces senior management changes for Middle East and Africa region
Acer has also appointed Michele Montecchio as Country Manager for Middle East (ME) effective from 1 January, 2022 following the decision of Paul Collins who, after a successful tenure of driving the Acer Middle East and Africa business for 7 years, has decided to retire.
MENA’s media & entertainment startup Minly acquires Dubai’s celebrity shoutout platform Oulo
Minly, the MENA region’s media & entertainment startup, announced the acquisition of Oulo, a Dubai-based celebrity shoutout platform focused on the Levant region.