Under the agreement, Ericsson will deliver its energy-efficient 5G product suite to establish the new network. This comprehensive 5G Radio Access Network (5G RAN) portfolio, implemented through the Ericsson Radio System, is designed to support diverse traffic conditions and site types. It aims to provide reliable performance as networks grow across mobile generations, equipping Egypt with a stable, high-capacity infrastructure to foster digital innovation.

The adoption of 5G is expected to provide Egyptians with seamless connectivity and increased network resilience. The expanded bandwidth and lower latency brought by this new infrastructure will support not only faster internet for users but also enhance industry operations and contribute to society as a whole.

“We are thrilled to bring 5G to Egypt with our technology partner, Ericsson. Through this partnership, e& Egypt will be able to provide faster connectivity speeds, larger bandwidth, and lag-free user experience to our customers, unlocking many opportunities for consumers and enterprises,” said Amr Fathy, Chief Technology and Information Officer of e& Egypt. “With Ericsson’s cutting-edge 5G solutions, we are paving the way for a more connected and innovative future for Egypt”.

Also Read: Wi-Fi 7, The Next Generation Of Wireless Internet, Is Here

Ekow Nelson, Vice President and Head of Global Customer Unit for e& at Ericsson Middle East and Africa, also reflected on the longstanding collaboration: “Our storied partnership with e& Egypt dates back nearly two decades, with two generational shifts in mobile technology. Like previous generational shifts, our ambition with 5G is to extend e& Egypt’s technology position”.

Ericsson and e& Egypt have collaborated successfully for years, achieving notable milestones in network innovation, customer experience, and sustainable development.

The post Ericsson And e& Join Forces To Bring Superfast 5G To Egypt appeared first on Tech Magazine.

The startups from Jordan, Lebanon, and Iraq operate in sectors including FinTech, HealthTech, AgriTech, and eCommerce. In addition, five of the chosen companies were cofounded by female entrepreneurs.

Collectively, the winning startups generate annual recurring revenue of over $20 million and have raised nearly $40 million in funding, according to Flat6Labs. Perhaps most importantly, the 24 companies in the StartMashreq program have also generated around 700 job opportunities.

“We are confident that [the startups] have what it takes to succeed in their markets. Through our program, we will offer them tailored support and guidance to help them overcome their challenges and achieve their goals. We look forward to working with them over the next six months and beyond,” said Ragia Amr, program director of StartMashreq at Flat6Labs.

Started in June, StartMashreq will run until December 2024, giving the selected startups access to new markets plus allowing them to scale operations and increase their impact on their respective economies.

As for the program itself, StartMashreq will include workshops and mentorships by international experts, networking events, and roadshows.

Also Read: Saudi Arabia’s Gaming Sector Is Quickly Gathering Momentum

Since its launch in 2011, Flat6Labs has been a major player in the MENA region’s entrepreneurial scene, managing a number of seed funds whose assets exceed $95 million.

In February, Flat6Labs announced a $20 million startup seed fund in Saudi Arabia aimed at supporting entrepreneurs in the Kingdom by investing in early-stage startups in the technology and innovation sectors.

The selected startups are:

Lebanon

• Compost Baladi: A social enterprise that provides waste management solutions.
• Ecomz: An e-commerce platform that enables merchants to create online stores.
• KamKalima: An edtech platform that helps Arabic teachers and students.
• Moodfit: An online interior design service that connects clients with designers.
• Presentail: An online gift delivery service that connects expats with local shops.
• Purpl: A proptech platform that simplifies property management.
• Shelvz: A retail intelligence platform that helps brands optimize their shelf presence.

Iraq

• KESK: A fintech platform that provides digital banking services.
• Lezzoo: A super app that offers delivery, e-commerce and payment services.
• Midient/Padash: A cloud kitchen platform that enables food entrepreneurs to launch online brands.
• Orderii: An online marketplace that connects customers with local service providers.
• Toolmart: An e-commerce platform that sells tools and hardware products.

Jordan

• Algebra Intelligence: A healthtech platform that provides AI-powered medical diagnosis.
• Arab Therapy: An online platform that connects users with licensed therapists.
• Dinarak: A fintech platform that offers mobile wallet and payment services.
• Hello World Kids: An edtech platform that teaches coding to children.
• InvoiceQ: A fintech platform that provides invoice financing solutions.
• Jordilight: An energy tech company that produces solar-powered street lights.
• Konn Technologies: A fintech company that offers blockchain-based solutions.
• Little Thinking Minds: An edtech company that creates digital learning products for children.
• Nestrom: An agritech company that provides farm management software.
• Palmear: An e-commerce platform that sells handmade products from local artisans.
• Repzo: A mobile CRM platform that helps sales teams manage their activities.
• Shop4Me: An e-commerce platform that delivers groceries and other products.

The post Egypt’s Flat6Labs Picks 24 Startups For Growth Track Program appeared first on Tech Magazine.

Fundraising was led by A15, one of the most prominent backers of early-stage startups in the MENA region, with participation from various other angel investors.

The $500,000 sum is Buguard’s first external investment, with the company having been bootstrapped since its launch in 2021. The funding injection will be used to grow the Buguard team and to expand further across the Gulf Coast Countries (GCC) later this year.

Youssef Mohamed, Buguard’s founder and Chief Technology Officer, said: “We are delighted to announce our fundraising, and I thank A15 for its great support. The world of dark web cyber threats is very real, dynamic, and growing. Any company can be a victim, and one must be prepared. We are already a global company, with clients across the world, but our immediate strategy is to grow even stronger in the GCC. We look forward to expanding into Saudi Arabia during 2023 and using our proceeds to help fulfill our significant growth potential”.

Since commencing operations, Buguard has helped many of Egypt’s leading businesses and developed a global client base spanning Saudi Arabia, the United States, France, Australia, and the United Kingdom.

Also Read: The Largest Data Breaches In The Middle East

The startup’s primary role is monitoring dark web marketplaces, hacking forums, underground channels, and private clouds to identify and neutralize data breaches across different venues. Buguard provides a wealth of security services, including penetration testing, phishing simulation, threat intelligence, and more. The company also offers a subscription-based SaaS product known as Dark Atlas that helps businesses prevent data breaches.

Founded in 2021, Buguard’s team comprises highly skilled security researchers and engineers. The company is renowned for exposing critical security vulnerabilities in tech giants, including Yahoo, PayPal, Twitter, Amazon, eBay, Microsoft, and even the U.S. Department of Defense.

The post Egypt-Based Cybersecurity Firm Buguard Completes Seed Fund appeared first on Tech Magazine.

According to a press release, Ain Sokhna on the Red Sea, Marsa Matrouh and Alexandria on the Mediterranean will be linked by a 660 km track.

Also Read: A Guide To Digital Payment Methods In The Middle East

“The transformative projects approved in this board meeting will have a significant impact on improving transportation, education, and energy, as well as promoting regional economic integration and addressing emergencies,” says Muhammad Al-Jasser, president and board chairman of IsDB.

The electric train will connect all of Egypt’s governorates and comprise three lines, each with 60 stations and a total of 2,000 km of track. The first line will stop at 22 locations from Ain Sukhna to Hadayek October, Alexandria, El Alamein, and Marsa Matrouh.

The post Egypt Secures $345 Million For Electric Railway Project appeared first on Tech Magazine.

The team used a non-destructive technique known as cosmic-ray muon radiography to scan a gabled limestone structure, discovering a nine-meter hidden corridor. The shaft is situated above the main entrance to Khufu’s Pyramid, one of the most significant archaeological monuments in the world and a site that still holds countless mysteries.

Also Read: Saudi Film Commission To Explore AI In The Movie Industry

The Scan Pyramids team has been working on the project since 2015, using infrared thermography, 3D simulations, and endoscope cameras to probe the ancient burial structure. Scientists reported several discoveries in the Great Pyramid of Giza five years ago, and the ongoing scans are helping to better understand the function and architectural makeup of the 5,000-year-old structure.

The post Cosmic Rays Map Secret Corridor In Egypt’s Great Pyramid appeared first on Tech Magazine.

The latest funding round was led by Nclude, an investment platform that describes itself as an “Innovation Engine powered by tech startups”, as well as venture capital firm A15, and delivery giant Delivery Hero.

The fresh capital injection will help boost OneOrder’s in-house operations, improve sales and market share, and allow the firm to recruit top talent and improve its proprietary technology. In addition, OneOrder will now be able to scale its offline operations, expanding its network of warehouses further across Egypt and the MENA region.

“Aside from improving efficiency, we are reducing costs and impacting restaurants’ bottom lines. Joined by prominent global investors with deep knowledge and extensive expertise in our sector, we look forward to our next phase of rapid growth,” says Tamer Amer, co-founder and chief executive of OneOrder.

Also Read: Hub71’s Startup Ecosystem Now Boasts Over 200 Members

OneOrder has only been in existence since October 2021 and has already made a name for itself by using technology to address the inefficiencies faced by restaurants when sourcing supplies. The company’s platform allows restaurants to interact with a fragmented supplier base to efficiently source their supplies, such as meat, vegetables and catering equipment.

In Egypt, OneOrder has a potential market of 400,000 restaurants with an aggregate annual spend of $40 billion. Due to non-integrated supply chains, these businesses spend between 6-7% of their revenue to ensure logistical stability, so the future certainly looks interesting for this prominent startup.

The post Egypt’s Tech Startup OneOrder Raises $3M In Funding appeared first on Tech Magazine.

For those unfamiliar with Blnk, the company offers credit for a wide range of products and services, with only a national ID required for application and decisions made in as little as 3 minutes. So far, Blnk has handed out over $20 million in loans, with installments ranging from 6 to 36 months.

“Our mission is to make it easier for more Egyptians to purchase the products and services they desire by offering inclusive and convenient consumer credit at the point of sale. We are delighted to have the backing of a great cohort of investors early in our journey. With their support, we believe we can drive financial inclusion in Egypt, as well as the wider Middle East and North Africa region,” says Amr Sultan, Co-founder, and CEO of Blnk.

Also Read: Pyypl Growth To Accelerate After $20 Million Investment

According to the International Monetary Fund (IMF), Egypt is soon expected to become the second-largest economy in the MENA region by the end of this year. However, with only 4% of Egyptians having credit cards, consumers and businesses are unable to take full advantage of economic opportunities, with many finding it difficult to realize their full potential.

By providing inclusive access to financing for consumers across Egypt, Blnk is helping to drive growth and development in the Egyptian economy that would otherwise be difficult.

The post Egyptian Digital Lending Platform Blnk Raises $32 Million appeared first on Tech Magazine.

Hawaya currently operates in 12 new countries, including Kuwait, Saudi Arabia, UAE, France, Germany, UK, Malaysia, Indonesia, the United States of America, and Canada. So far, it has resulted in 18,000 commitments, with 5,000 in Egypt alone.

“We’re seeing singles all over the region, women in particular, trusting in Hawaya to find their life partner more than ever before, which displays greater social acceptance for mobile matchmaking as an empowering tool for women to find their ideal life partner,” said Shaymaa Ali, Hawaya’s co-founder and Marketing Manager in the MENA region.

The new “Lifestyle Preferences” feature allows users to find their other half based on shared interests, likes, and dislikes. Users can now specify the geographic area they would like to explore, instead of always receiving matches that are located as close to them as possible.

Also Read: Tinder Will Soon Let You Background Check Your Matches

“Through innovation, tech, and cultural respect, Hawaya prides itself to be a progressive app that aims to destigmatize the taboo of online matchmaking, and empowering women to take their time and spark a real connection with the love of their lives,” added Sameh Saleh, Hawaya’s founder and CEO.

Since the 2017 launch of Hawaya, social acceptance of online matchmaking in the MENA region has seen a measurable improvement, but there’s still a long way to go before all users of matchmaking apps like Hawaya won’t feel the need to hide their identities.

The post Matchmaking App Hawaya Lets Users Connect Based On Lifestyle Choices appeared first on Tech Magazine.