Renewable energy developer Yellow Door Energy raises US$400 million funding round

MEA – Yellow Door Energy, A renewable energy developer has raised US$400 million in a new funding round led by British private equity company Actis, the company’s largest stakeholder, as it plans expansion into new markets. The investment, which includes the purchase of current shares, will allow the company’s initial investors to exit, Yellow Door Energy said in a statement.…

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Proptech firm Partment concludes US$1.5m pre-seed round to improve its platform

MEA – Partment, a proptech firm that provides co-owned second homes, has announced that it has successfully concluded its pre-seed round at US$1.5 million to improve the infrastructure of the platform and launch its MVP in Egypt. Nclude, a leading venture capital platform focused on investing in fintech and fintech-enabled startups in Egypt, the Middle East, and Africa, as well…

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Global investor Actis to acquire controlling stake in solar energy provider Yellow Door Energy

MEA – Actis, a global investor in sustainable infrastructure, is set to acquire a controlling stake in the distributed commercial and industrial (C&I) solar platform, Yellow Door Energy Limited (YDE). YDE’s platform is in the Middle East and Africa region with around 200MW of secured production capacity. Closing of the transaction remains subject to obtaining the relevant regulatory approvals. YDE…

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Software company Infor appoints Kerry Koutsikos as Vice President for MEA region

MEA – Infor, a multinational enterprise software company, has appointed Kerry Koutsikos as Vice President and General Manager for the Middle East and Africa region. Koutsikos will drive Infor’s business growth and strategy in the region and ensure customer success through agile delivery of Infor’s industry-specific cloud solutions. “We are excited to welcome Kerry to our Middle East & Africa…

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MDP partners Simplifi to accelerate the expansion of payment solutions into MEA

MEA – MDP, the leading payments & card issuing platform signed a partnership with SimpliFi to accelerate expansion into the MIDDLE EAST AND AFRICA region. MDP is the leading card issuing platform, enabling businesses to roll out their financial solutions with end-to-end payment infrastructure offerings – ranging from personalized card production to digital processes transaction The platform is well-positioned in…

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Orange appoints Jérôme Hénique as CEO for its Middle East and Africa division

MEA – Orange’s Middle East and Africa (OMEA) division, a telecommunications corporation, has appointed Jérôme Hénique as CEO effective July 1, 2022. Hénique is currently director of operations and deputy CEO of the MEA region and will now take over from Alioune Ndiaye, who the French operator says wishes to concentrate on his role as chairman of the board of…

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Benya Group partners OneWeb to provide connectivity services in the MEA

MEA – Benya Group, the leading digital solutions, and ICT infrastructure provider in Egypt has signed a Memorandum of Understanding (MoU) with OneWeb, the low Earth orbit satellite communications company. OneWeb NEOM JV is a joint venture formed by OneWeb and NEOM in the Kingdom of Saudi Arabia with the purpose of providing high-speed satellite connectivity to NEOM, the Kingdom,…

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Sokin partners Mastercard to expands payments partnership across Middle East and Africa

MEA – Sokin, the new generation fintech payment firm, has signed a comprehensive partnership agreement with Mastercard to support the rollout of its fixed-price payment services across new markets in the Middle East and Africa. Sokin will leverage Mastercard’s trusted and secure digital-first banking solutions and card services to expand its footprint and launch its next-generation card programs for businesses…

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Netcetera partners Covalent to expand online payments in Middle East & Africa

MEA – Swiss software company Netcetera has partnered with Pakistani payments powerhouse Covalent to provide a smooth and secure online payment experience for customers in Middle East & Africa. The partnership will offer Software as a Service model (SaaS) to banks, electronic money institutions, or non-banking financial institutions. Covalent is one of the burgeoning fresh players on the Middle East…

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Egypt’s FlapKap raises US$1.2M seed round to fuel growth in the MEA region

EGYPT – Egyptian start-up FlapKap, which specializes in e-commerce solutions, has raised US$1.2 million in its latest funding round to expand into new markets and improve its technology. The round was led by Egypt-based early-stage venture capital firm A15 a top MENA venture capital firm, and one of the most prominent backers of early-stage start-ups in the region. FlapKap is…

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