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Technology, Media and Telecoms Industry News for Africa and the Middle East Microsoft Supercharges South Africa’s AI Future with $280M Investment Microsoft has announced plans to spend ZAR 5.4bn by the end of 2027 to expand its cloud and AI infrastructure in South Africa to meet …… Visa Elevates UAE’s Digital Wallets w
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News
Orange Egypt Advances Three Startups to OSVP 2026 International Stage
6+ day, 12+ hour ago (354+ words) Orange Egypt has announced that three Egyptian startups have qualified for the international stage of the Orange Social Venture Prize (OSVP) 2026 after emerging as winners of the local round of the competition’s 16th edition. The development forms part of Orange Egypt’s…...
Moniepoint Exits UK Remittance Market After 14 Months, Refocuses on Africa
2+ week, 4+ day ago (557+ words) Moniepoint is winding down its UK-focused remittance service, MonieWorld, just 14 months after entering the UK-Africa money transfer market, as the Nigerian fintech redirects resources towards its core business operations in Africa. The decision comes amid intense competition in the UK-Nigeria…...
Edge Growth Launches R350 Million Fund to Back High-Growth African Scale-Ups
2+ week, 5+ day ago (311+ words) It will invest in growth-stage businesses, typically at Series A to C funding rounds, that have proven their business models but require flexible growth capital to scale at a time when valuations are evolving. The EIF is aimed at established,…...
Vyntra Marks 10 Years in East Africa as Banks Step Up Financial Crime Controls
2+ week, 5+ day ago (163+ words) The company marked the milestone with a private reception at its Nairobi office, bringing together senior executives from banks across the region and members of the local team. East Africa’s payments market has changed significantly over the past decade, driven…...
PalmPay Expands Digital Savings Tools as Nigerians Seek More Value From Their Money
2+ week, 6+ day ago (427+ words) As rising living costs continue to put pressure on household budgets, Nigerians are becoming increasingly deliberate about how they spend, save and manage their money. For many consumers, affordable banking is no longer defined solely by access to bank accounts…...
Standard Chartered Foundation Launches Women in Tech Accelerator in Egypt
2+ week, 6+ day ago (124+ words) The programme is designed for Women led technology enabled start-ups that have demonstrated market validation and are ready to scale. It will be delivered in Egypt by Entlaq, drawing on its expertise in entrepreneurship support and ecosystem building. – Mohamed Gad,…...