IBM appoints Saad Toma as General Manager for Middle East and Africa regions

MEA – International Business Machines Corporation (IBM), an American multinational technology company, has named Saad Toma as General Manager in the Middle East and Africa regions. Mr. Toma succeeds Takreem El-Tohamy, who has been appointed General Manager, Global Strategic Sales at IBM. Mr. Toma brings deep industry, services and technology expertise and over 30 years of experience at IBM working across multiple geographies. He will be responsible for IBM’s overall business operations across Middle East, Africa and Turkey, driving business growth and client satisfaction. “Saad is a highly respected leader…

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Logistic platform Saloodo! Launches road freight service between Middle East and Africa

AFRICA – Saloodo!, a digital road freight platform, has announced the launch of BeduConnect, a road freight service between Middle East and Africa. BeduConnect was set up to connect countries of the Arabian Peninsula (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman) with North African (Egypt, Libya and Sudan) trading partners due to capacities in both air freight and ocean freight being currently tight. Saloodo! Saloodo! is the first digital marketplace to offer road freight connection between the Arabian Peninsula and North Africa, which is faster than…

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Standard Chartered appoints Lina Osman as Regional Head of Sustainable Finance for MEA

MEA – Standard Chartered, a financial institution, has appointed Lina Osman as Regional Head of Sustainable Finance for Africa and the Middle East, as part of the Bank’s ongoing efforts to provide sustainable financing solutions across its regional footprint. Lina will work closely with Standard Chartered’s senior management and broader sustainable finance team, as well as the Bank’s coverage, industry, and product partners, to originate and structure sustainable finance transactions for clients across Africa and the Middle East. “There is an urgent need to unlock the potential of Africa and…

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Mastercard partners Zamtel to transform digital payments in Zambia

ZAMBIA – Global payments and tech company Mastercard and Zamtel have announced a strategic partnership that will enable Zamtel Mobile Money customers, even those without bank accounts to make safe and seamless digital payments on the Mastercard network including international e-commerce transactions. The partnership is expected to drive financial inclusion and improve access to the digital economy. Under the agreement, Zamtel will launch a suite of Mastercard products including a Mastercard virtual solution, a physical debit card, and Mastercard QR, giving its Mobile Money customers new ways to access and…

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Automotive digital marketplace Odiggo expands to Dubai

MEA – Odiggo, the Cairo-based automotive digital marketplace, has opened in Dubai, with the goal of becoming the top Autotech business in the Middle East and Africa. The automotive tech app was founded in 2019 by Ahmed Omar and Ahmed Nasser. It sells car parts and accessories directly from various vendors. In the first seven months of service, the startup had 2000 customers onboard. Odiggo claims to have the largest catalog of auto spare parts in the region. The startup makes money by charging 7 to 22 percent commission on…

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Fintech startup MoneyHash closes pre-seed funding round to launch across MEA

EGYPT – MoneyHash, a fintech startup, has closed a six-figure US dollar pre-seed funding round to launch its services across the Middle East and Africa (MEA) region. The six-figure round was led by UAE-based venture capital firm COTU Ventures, with participation from Ventures Platform, Kepple Africa Ventures, and various angel investors. MoneyHash uses a universal API and a unified checkout experience to help businesses consolidate and grow their payments and financial tech stack. Founded in late 2020 by Nader Abdelrazik, Mustafa Eid and Anisha Sekar, MoneyHash provides a unified checkout…

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Marriott International appoints two new executive team members for the EMEA region

AFRICA – American multinational company Marriott International, has appointed Sandeep Walia as Chief Operating Officer, Middle East and Jerome Briet as Chief Development Officer for Europe, Middle East & Africa. Walia will assume office on July 1, 2021, following the retirement of current COO, Guido De Wilde in March 2021while Briet will take on the role from Carlton Ervin, who was recently appointed as Marriott’s Global Development Officer, International. Walia will be responsible for Marriott International’s 146 operating hotels across the Middle East, as well as Egypt and Turkey, representing 21…

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Uber, Mastercard boost payment digitalization and financial inclusion across MEA

MEA – Mastercard, an American multinational financial services corporation and Uber, a technology company have partnered to implement a new strategic initiative that will focus on digital payments and advancing financial inclusion in the Middle East and Africa (MEA), reaffirming their long-term partnership. By partnering, Uber will be able to drive digitisation across its business operations by leveraging Mastercard’s single infrastructure to meet all types of payment needs across Uber Rides, Uber Eats, Uber Pass, and Uber for Business. Amnah Ajmal, Executive Vice President Market Development, Mastercard, MEA explains that…

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John Deere expands its construction brand in Sub-Saharan Africa

AFRICA – Machinery manufacturer John Deere is expanding its construction line-up to eighteen countries across Southern and Eastern Africa, where Deere-branded construction products were previously unavailable. This expansion, which will include the availability of backhoe loaders, excavators, wheel loaders, motor graders, and crawler dozers, will be sold and supported by independent, newly appointed John Deere dealers to be announced. The countries impacted include South Africa, Botswana, Zimbabwe, Swaziland, Namibia, Zambia, Kenya, Uganda, Mozambique, Angola, Malawi, Tanzania, Ethiopia, Egypt, Rwanda, Burundi, South Sudan, and Sudan. “This expansion provides an opportunity for us to increase our global footprint in the…

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Investment firm Gulf Capital exits its investment in oil & gas company ECDC

MEA – Gulf Capital, a leading growth markets alternative investment firm, has announced the successful and full exit of its investment in ECDC, a leading oil & gas drilling and production services provider in the Middle East and Africa. The company is part of ADES Investments Holding Ltd which is the major shareholder in ADES International, a publicly listed company on the London Stock Exchange (LSE). “We are proud to have supported the exceptional management team at the Group since 2014, which was instrumental to the success of the group…

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