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The European Union has committed €37 million ($42.8 million) to extend the Blue-Raman submarine cable into East Africa, a move expected to strengthen internet connectivity, reduce bandwidth costs and support the region’s growing digital economy.
Egyptian fintech company MNT-Halan has achieved a valuation of $1.4 billion after completing the first closing of a new funding round led by Al Ahly Capital, the investment arm of the National Bank of Egypt.
Egyptian fintech startup Blnk has raised a total of $37.1 million in fresh funding as it looks to broaden access to consumer credit and strengthen financial inclusion across the country.
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