TymeBank secures US$110m investment from Apis Growth Fund II

SOUTH AFRICA – Digital retail bank TYMEBANK has secured an investment of US$110 million from new investors in the UK and Philippines to bolster growth and secure path to commercial success. TymeBank said the investment represents a strong endorsement for both TymeBank as one of the world’s fastest growing digital banks and for South Africa’s banking sector overall. TymeBank is the first bank in South Africa to be operated fully off a cloud-based infrastructure network and is also the first bank to be granted a commercial banking licence since 1999.…

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Orange Business Services to build new data center for cloud services in Egypt

EGYPT – Orange Business Services, a network-native digital services company, has announced that it will design and build a new data center to provide cloud services for Egypt’s ‘New Administrative Capital’. The project will be implemented in collaboration with Orange Egypt, who will supply the required infrastructure and services, following their appointment as the project’s prime contractor by Administrative Capital for Urban Development (ACUD) – owner and developer of the New Administrative Capital. The ACUD project has been designed as a smart sustainable city located 45 kilometers east of Cairo…

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