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AI + Innovation (MENA) 
Infrastructure 
Telecom Egypt and Huawei team up to deploy 5G
The partnership has enabled Huawei to establish 5G sites in “hotspot areas” throughout Egypt
Vodafone Egypt gets CBE approval to up stake in fintech platform Basata
Vodafone acquired its existing 10% stake in the firm in 2022
Central Bank of Egypt signs off on Vodafone upping its stake in Basata
Happy THURSDAY, friends. It’s a relatively slow and calm send-off into the weekend, with few happenings to take note of.…
Can you guess who’s leading the AI patents game?
IBM files 1.6k AI patents as 36k people lose their jobs
Vodafone Egypt to up its stake in Basata to 20%
Vodafone acquired its existing 10% stake in the firm in 2022
Hong Kong’s InvestHK is setting up its regional HQs here. PLUS: News from Telecom Egypt, Air Arabia, Othaim
INVESTMENT- InvestHK to set up North Africa HQ in Egypt:InvestHK, the Hong Kong government’s company responsible for FDI, has launched…
TMG mulls new project in the North Coast. PLUS: News from Telecom Egypt and the CBE
TMG’s shares rose 10.3% yesterday to close at EGP 37.5
Giza Systems, VAS are getting USD 175 mn from local, Gulf banks + Tanmeyah is in line for USD 10 mn from the EBRD
ADIB led the transaction and its investment banking arm ADI Capital was financial advisor
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