In a significant step reflecting its ongoing commitment to leading digital transformation in the hospitality sector, ACT, a leader in the ICT industry for over 35 years, has announced a strategic partnership with Roboost, the smart delivery management platform powered by artificial intelligence (AI). Restaurant Management Systems This partnership aims to integrate Roboost’s intelligent solutions with the restaurant management systems offered by ACT, prominently featuring the Oracle Simphony POS. The collaboration will provide a more efficient operational experience for restaurants through AI and machine learning technologies. Roboost acts as an AI-automated delivery management platform, functioning as a smart “co-pilot” for…
Author: Mohamed Fathy
iSchool, the leading K-12 AI and coding education platform in the MENA region, has acquired SEEDS, the EdTech division of Egyptian/Saudi software powerhouse Algoriza, in a strategic move aimed at deepening its presence in Saudi Arabia and scaling its corporate education initiatives. Growth The acquisition cements iSchool’s rapid growth trajectory in the Kingdom, giving it immediate access to SEEDS’ operational base, educational partnerships, and a growing student footprint across several regions in Saudi. More significantly, the deal enables iSchool to accelerate its expansion into one of the region’s most promising frontiers: AI and coding upskilling for employees’ children as a…
In a powerful celebration of youth innovation and entrepreneurship, the Orange Corners Egypt programme, an initiative of the Kingdom of the Netherlands marked a new milestone with the graduation of this year’s first cycle from its flagship Delta Cohort. Held at the Embassy of the Netherlands in Egypt in the presence of H.E. Peter Mollema, Ambassador of the Kingdom of the Netherlands and under the auspices of H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, the event brought together government, development, and private sector leaders in support of Egypt’s next generation of entrepreneurs. Partners Joined by…
From April 1, 2024 to March 31, 2025, Kaspersky detected over 19 million attempts to download malicious or unwanted files disguised as popular Gen Z games. Over 47,800 such attempts were registered in Turkiye, making it one of the countries most affected by such incidents. With GTA, Minecraft and Call of Duty among the most exploited, it’s clear that cybercriminals are actively following gaming trends to reach their targets. To help players stay safe, Kaspersky is launching “Case 404” — an interactive cybersecurity game that teaches Gen Z how to recognize threats and protect their digital worlds while doing what…
Samsung Electronics Egypt has received a new accolade at the 2025 Africa Artificial Intelligence Summit (AAIS), held during May in Kampala, Uganda. The award honors Samsung Innovation Campus (SIC) for its expanding regional impact and meaningful contributions to youth empowerment and digital education across Africa. Samsung Innovation Campus This recognition earned by Samsung Innovation Campus highlights its success in delivering future-oriented training in AI, IoT, big data, programming, and coding. Since its launch in 2019, the program has reached over 1,700 students in Egypt alone, while also operating in several other African countries as part of Samsung’s broader commitment to…
The skyrocketing popularity of Labubu dolls has triggered a wave of scam websites targeting enthusiastic collectors worldwide, with cybercriminals deploying fake online shops in multiple languages to steal payment details. Kaspersky detected hundreds of fraudulent platforms, often posing as legitimate retailers, that entice fans with fake offers on Labubu dolls to harvest sensitive financial information from unsuspecting buyers. Labubu dolls, quirky plush collectibles designed by Hong Kong artist Kasing Lung and sold by Pop Mart stores in “blind boxes,” have captivated global audiences. Buyers do not know which specific doll or design they’ll get until they open it. This element…
Ahmad Elharany, Giza Systems Group CEO, confirmed that Giza Systems Group achieved significant milestones throughout the last two years, backed by solutions by stc, which holds an 88.19% stake in the group. Ambitious Targets Now with the newly announced Group’s vision and ambitious targets, GS Group reaffirms its commitment to customer-centricity, operational excellence, and employee experience. “We are aligning our brand with our strategy to stand for purpose-built innovation, delivery at scale, and a culture that embraces continuous change,” said Elharany during the media roundtable. Designing Smarter He added, “We’re not just delivering technology, we are designing smarter, scalable, and…
Giza Systems, a subsidiary of solutions by stc and a leading digital transformation enabler and systems integrator in the MEA, continues to strengthen its position as a prominent regional powerhouse in the technology field. The company is officially unveiling its new strategy following the appointment of Ahmad Elharany, Giza Systems Group CEO. This announcement was made during a roundtable held by the company at its headquarters in New Cairo, in the attendance of several senior specialized journalists. Ambitious Strategic During the event, the company’s CEO addressed the ambitious strategic plan that GS Group is working on to establish its position…
MDP, a leading payments technology infrastructure group in the Middle East and Africa, is pleased to announce a new phase of growth following a strategic investment led by Lorax Capital Partners (“LCP”). The transaction marks the exit of long-time partner AfricInvest, whose support has been instrumental to the group’s expansion in recent years. Payments Technology MDP delivers a fully integrated, one-stop-shop payments technology infrastructure ecosystem from card issuing, processing to cloud-native digital solutions through industry-leading developer platforms and embedded fintech capabilities to over 200 banks and 60 fintechs across Africa and the Middle East. To date, MDP has processed over…
Cyshield, a leading digital solutions company, selected Thales a world leader in secure advanced technologies to launch Egypt’s first-ever eSIM (embedded SIM) connectivity services for consumer and IoT devices. Based in Cairo, Cyshield is supporting Egypt’s four mobile network operators in connecting eSIM devices in the country, optimising the user experience and enabling flexible subscription services for eSIM-enabled smartphones, smartwatches and other IoT devices. Thales provides Cyshield with its leading eSIM Management platform, to enable fast and secure over-the-air downloads of mobile subscriptions to devices, leveraging proven expertise and capabilities to address sovereignty challenges. In addition, it ensures compliance with…
CorporateStack, a leading provider of enterprise software solutions in the MENA region, is pleased to announce the signing of a strategic partnership with Invictus Trading, a subsidiary of Invictus Investment (ADX: INVICTUS), a leading agro-food enterprise in the Middle East and Africa. Digital Transformation This collaboration marks a major step for both organizations as they leverage the power of digital transformation to enhance operational efficiency and enable smarter business growth. Under this partnership, CorporateStack will provide Invictus Trading with a suite of modern, cloud-based business applications, including human resource management, asset management and other workflow automation tools. By adopting CorporateStack’s…
The Technology Innovation and Entrepreneurship Center (TIEC), an affiliate of the Information Technology Industry Development Agency (ITIDA), has announced the launch of the 47th round of its Start IT incubation program. Applications are open until May 24, targeting early-stage startups with innovative ideas and ICT-based prototypes to help them transform their concepts into scalable and growth-ready startups. Package of Incubation Benefits In line with its continued efforts to empower the entrepreneurial ecosystem, TIEC has unveiled an enhanced package of incubation benefits for this round. Key updates include a significant increase in the financial and in-kind support, reaching EGP 480,000 up…
Sylndr, Egypt’s leading used-car marketplace, today announced the closing of its $15.7 million Series A equity round, led by Development Partners International (DPI) Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Egyptian Gulf Holding, Uncovered Fund, Beltone Venture Capital, and Camel Ventures. Mobility Landscape This round supports Sylndr’s mission to digitise and bring transparency to every aspect of Egypt’s mobility landscape, from buying and selling to financing and insuring. “We’re incredibly excited about this new chapter and deeply grateful for the support and belief our shareholders continue to place in our mission,” said…
Artificial intelligence developments are endless, and competition among global companies operating in this field is fierce, particularly American and Chinese companies. To gain a closer look at these developments, we decided to contact officials within these companies to provide us with a closer look. It all began with the Chinese company DeepSeek, founded in May 2023 by Liang Wenfeng, a prominent figure in the hedge fund and artificial intelligence fields. The company generated widespread interest worldwide after successfully developing advanced open-source models designed for programming tasks at competitive prices. It also implemented ambitious AI projects without pressure, allowing it to…
“Bokra, the MENA region’s first goal-driven digital investment platform, has announced a $3 million Sharia-compliant financing agreement with iSUPPLY, a leading digital platform for pharmaceutical and medical supply distribution, to scale its operations and expand access to medical supplies across Egypt. Improving Service Through this collaboration, Bokra has structured a revenue-based revolving financing, structured entirely in accordance with Sharia principles. This funding will fuel iSUPPLY’s expansion by enhancing its supply chain operations and improving service in underserved communities. Ayman ElSawy, Founder and CEO of Bokra, commented: “This partnership reflects Bokra’s mission to unlock high-impact, Sharia-compliant investment opportunities that generate meaningful…
Shahbandr, a pioneering platform enabling merchants and e-commerce entrepreneurs, has unveiled its proprietary video commerce technology —transforming the online shopping experience across the MENA region. This innovation allows merchants to offer seamless and fast purchasing experiences through live video and interactive product showcases. Online Stores Shahbandr empowers merchants to build their online stores without needing technical expertise. It offers a full suite of tools—handling payments, delivery, website performance, and data analytics—allowing them to focus entirely on growing their business. With this launch, Shahbandr gives online retailers the power to offer live, interactive video experiences that don’t just show off products.…
Money Fellows, Africa’s leading fintech digital platform, has successfully raised $13 million in this new financing round. This strategic extension brings the total amount invested in the company to over $60 million USD since its inception. The new investment aims to enhance and upgrade the company’s digital platform, especially as its user base expands to over 8.5 million users and it continues to collaborate with more than 350 local and regional partners. Support The Company’s Expansion This new round of investment is co-led by Al Mada Ventures (AMV) and DPI Venture Capital via the Nclude Fund, with notable contributions from…
In a move underscoring strong confidence in the emerging tech sector, “Foras,” a leading investment and innovation firm, has announced the acquisition of a 10% stake in the startup “Canater,” which specializes in providing innovative supply chain and logistics solutions for manufacturers in the Middle East and North Africa (MENA) region. The deal, valued at $1 million, reflects Foras’ strategy to support startups transforming traditional industries through technology and innovation, powered by Artificial Intelligence (AI). Empower Regional Manufacturers This investment highlights Foras’ belief in Canater’s promising future, as the startup aims to empower regional manufacturers to expand their products into…
Klivvr, the financial app redefining how Egyptians manage their money, has officially received final regulatory approval to launch its long-anticipated Buy Now, Pay Later (BNPL) product. This marks a major milestone in Klivvr’s journey to provide smarter, more accessible, and personalized credit solutions to its users. Payment Options Klivvr’s BNPL service will allow users to instantly access flexible credit limits and split their purchases over time across a growing network of merchants. Whether shopping online or in-store, users will be able to choose more convenient and affordable payment options, without paperwork, delays, or friction. The experience is built to be…
Gaming club chain True Gamers has successfully closed a $5 million seed funding round. Backed by fresh capital, True Gamers is scaling its presence across MENA and Europe — expanding its franchise network, growing its brand, and developing its tech stack. It brings up the company’s total funding in the UAE to $15.5 million, including a pre-seed round raised in 2023 and investments made into local branches over the past two years. The company is scaling through a hybrid model of franchising and venture capital, aiming to capture 10% of the US, European, and MENA gaming cafe markets by 2030.…