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Thursday, 3 November 2022

e-Finance to launch cloud computing platform this month

EGX-listed e-payments giant e-Finance will launch a cloud computing platform later this month and has inked a protocol with the government to build a digital platform for industrial investors, it said in a statement (pdf) yesterday.

E-Finance’s target customers? They include “government institutions, banking and non-banking financial institutions, and private sector firms,” it said, noting it will unveil the platform at Cairo ICT, which is set to take place 27-30 November. A who’s who of global tech players are service providers to the platform, including Pure Storage, Dell, IBM, Cisco, VMware, Commvault, Fortinet, Paloalto, Citrix, F5, Redhat, and Huawei, it said.

Other things we’re keeping an eye on this morning:

  • Emirati lender First Abu Dhabi Bank has completed the merger of FAB Egypt and Bank Audi Egypt after acquiring the Lebanese lender in June. (Statement, pdf)
  • The Nuclear and Radiological Regulatory Authority has given permission for construction to begin on the second reactor of the 4.8 GW Dabaa nuclear power plant. (Al Borsa)
  • China’s AVIC has received approval from the General Authority for Land and Dry Ports to build a EGP 5 bn logistics zone in Salloum, a city on the Libyan border. (Al Borsa)
  • Ora Developers Egypt awarded a EGP 2.5 bn contract to Orascom Construction to build the first phase of its mixed-use Silversands project on the North Coast. (Statement, pdf)

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