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Infomineo is here to deliver the latest news and insights on the tech industry in the Middle East and Africa. We would like to share with you latest news, strategic plans, as well as nominations, publications and events in tech within the MEA region. 

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Microsoft to buy Israeli security firm Hexadite for $100M

Microsoft confirmed that it will acquire Hexadite, an Israeli startup that uses AI to identify and protect against attacks. The idea is to expand it's existing security portfolio with an infusion of new technology based around innovations in areas like AI and machine learning.

Read more – TechCrunch

Beijing Xiaocheng Technology to fund project in Ghana

Beijing Xiaocheng Technology Stock Co Ltd says it plans to raise up to 1.0 billion yuan ($146.31 million) in private placement of shares to fund gas-fired power station project in Ghana. 

Read more – Reuters

Vodafone sells $2.6 Billion Kenyan Stake to South Africa Unit

Vodafone Group Plc is simplifying its holdings in sub-Saharan Africa, selling a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd. In the all-share deal, Vodafone will transfer a 35 percent stake in Safaricom to its Johannesburg-based unit, getting stock in return that raises its Vodacom holding to about 70 percent. 


 South Africa's Datatec to sell Americas business to Synnex

South African IT firm Datatec Ltd will sell its Westcon-Comstor Americas business to Synnex Corp for up to $800 million. Westcon-Comstor accounts for more than a third of Datatec's sales and a quarter of profit.

Read more – Reuters 

Logicalis to move 65 UK roles to South Africa

Integrator says nearshoring move is part of a wider managed services growth strategy, adding that it is working with Welsh government to ensure soft landing for affected staff.

Read more – Computer Reseller News

RMI and NPE invest in South Afric's fintech Entersekt to supercharge global expansion

Rand Merchant Investment Holdings through AlphaCode, RMIs innovation hub for fintech entrepreneurs and Nedbank Private Equity (NPE) through its private equity investment vehicle, BoE Private Equity Investments, have each acquired minority shareholdings in Entersekt in a multi-million dollar transaction. Entersekt is a Stellenbosch-based innovator that has developed world-class push-based authentication and app security technology.

Read more – Business Wire

Delivery Hero buys Middle East firm Carriage

Online food takeaway firm Delivery Hero, which sources have said is considering a flotation imminently, has agreed to buy Middle East food delivery platform Carriage, the latest in a series of technology deals in the region. Chief Executive Niklas Ostberg said in a statement that Kuwait-based Carriage, which operates in the Gulf Council countries, would strengthen Delivery Hero's foothold in a region with "significant growth potential".

Read More - Reuters


Emaar Malls takes 51 per cent stake in online fashion retailer Namshi

Emaar Malls Group is to acquire a majority stake in the Dubai-based online fashion retailer Namshi for US$151 million (Dh554.6m), wrapping up its hunt to land a significant e-commerce asset, after it tried to buy earlier this year. It bought the 51 percent stake from Rocket Internet's Global Fashion Group, which retains a 49 percent holding. The Namshi deal is expected to provide much-needed support for Emmar Properties Chairman Mohamed Alabbar's new technology vehicle, a venture with Saudi Arabia's Public Investment Fund.

Read more – The National

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United Arab Emirates : DEWA signs OPSA contract with Siemens

Dubai Electricity and Water Authority (DEWA) has signed a 12-year Operating Plant Service Agreement (OPSA) with German company Siemens, worth AED 1.7 billion. The contract includes providing maintenance, spare parts and gas turbine rehabilitation for the second phase of K-Station at Jebel Ali Power and Desalination Station, and the third phase of H-Station at the Al Aweer Power Station.

Read more – Zawya

HTC’s new flagship HTC U11 makes way to shelves in UAE

HTC's new flagship model, HTC U11 is available at AED 2599 ($708) in outlets across the UAE. The new phone comes with a range of new features. The highlight seems to be the highest DxOMarks (90) for any smartphone so far, in addition to the new squeeze interaction technology enabled by EdgeSense.

Read more – CommsMEA

Dubai Airports Selects Quintiq for Automated Planning Solution to Deliver World-Class Passenger Experience

Quintiq, a Dassault Systèmes brand and global leader in supply chain planning and optimization (SCP&O), has been selected by Dubai Airports to plan and schedule its fixed resources at Dubai International and Dubai World Central. The Quintiq solution will automate the planning process for airport stands, gates, baggage belts and check-in counters to increase overall efficiency, reliability and passenger satisfaction.

Read more – Eye of Dubai

Dubai’s Numu invests in social media video analytics firm Mintrics

Numu Capital, a Dubai-based venture capital seed fund, has invested in Mintrics, a social video analytics dashboard which measures how videos are performing on Facebook, YouTube, Twitter and Instagram. Numu Capital said in a statement that its investment will go towards Mintrics’ global expansion plans and further development of the technology.

Read more – Arabian Business

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