- EmpowerAfrica
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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Nakhla is a serial entrepreneur and founder of businesses delivering microfinancing to SMEs and individuals.
He is the Co-Founder and CEO of MNT-Halan, Africa’s first unicorn of 2023 and Egypt’s first-ever private tech firm to break above $ 1 billion. MNT-Halan is Egypt’s leading fintech ecosystem and the largest growing lender to the unbanked and underbanked, driving the fintech boom in the MENA region.
Nakhla has over 15 years of experience in the telecoms and technology industry. He has been honoured and recognized for his contribution to the growth of the two sectors in Africa.
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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.
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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.
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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.