
MTN Nigeria Unveils $1 Billion Cloud Project to Boost Local Data Hosting
MTN Nigeria has launched a $1 billion cloud infrastructure initiative aimed at increasing its footprint in the country’s fast-growing cloud computing sector.
Rabbit, a fast-growing quick commerce startup from Egypt, has officially entered the Saudi Arabian market and opened its regional headquarters in Riyadh.
The company also announced fresh funding from leading investors, though the total amount remains undisclosed.
Launched in 2021 by Ahmed Yousry, Walid Shabana, Ismail Hafezz, and Tarek El Geresy, Rabbit specializes in rapid delivery of groceries and everyday items through a tech-enabled network of dark stores—mini warehouses located within neighborhoods. The company promises delivery times as fast as 20 minutes.
To support its growth, Rabbit secured funding from prominent regional firms including Lorax Capital Partners, Global Ventures, Raed Ventures, and Beltone Venture Capital.
They join existing backers such as Global Founders Capital, Goodwater Capital, Hub71, Simple Capital, and Foundation Ventures.
In its expansion to Saudi Arabia, Rabbit plans to deliver 20 million items across major cities by 2026.
Operations have already begun in Riyadh through a series of local fulfillment centers positioned to ensure fast and efficient service.
“We’re proud to bring our innovative service to Saudi Arabia,” said co-founder Ahmed Yousry. “Rabbit Saudi is being built with local talent to meet the unique needs of Saudi families, delivering favorite products in just 20 minutes.”
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
MTN Nigeria has launched a $1 billion cloud infrastructure initiative aimed at increasing its footprint in the country’s fast-growing cloud computing sector.
Nigerian auto-tech startup Fixit45 has raised $1.9 million in a pre-seed funding round for expansion.
Peach Payments, a leading South African digital payment service startup, has secured a $30 million funding deal led by Apis Growth Fund II and participation from Enza Capital.
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