African Space Agency now active

Maseera announced yesterday that it had successfully acquired ADVA, an Egyptian consumer finance platform.

InfiniLink, a Cairo-based semiconductor startup, has raised $10 million in seed funding to develop its optical data connectivity technology for AI-driven data centres.

The telco asserts that the agreement would provide its consumers with a more secure, personalised, and seamless calling experience.

The funding infusion would enable enza to grow its footprint in major African markets and enhance partnerships, according to the start-up.

The training initiative will start taking applications in April, and is expected to be a ‘cornerstone’ in the country’s digital transformation.

The agreements, at around $297 million, aim to support the launch of 5G and improve existing fixed internet service contracts.

AITA will deliver in-flight connectivity services to all Egyptian airlines, utilising SKYFive's A2G technology, which has been successfully deployed across Europe.

The telco reported significant commercial momentum in Egypt, with a 40.7% growth in financial service subscribers to 10.5 million and a 25.6% increase in data traffic.

According to e& Egypt, the agreement reflects a shared vision of leveraging AI-driven network technology for next-generation advances in telecoms.

The move enables Telecom Egypt to maximize the potential of its subsea assets on the 2Africa subsea cable, enhancing the efficiency of its the cable operations.

The project seeks to power over one million homes while reducing carbon emissions by around 2.5 million tonnes per year.

The 2024 Community Reach Program (CRP) focused on women in technology, with 115 women-led applications received.