Djibouti Telecom plans DARE1 subsea extension to Southern Africa

Djibouti Telecom has unveiled plans to extend its Djibouti Africa Regional Express 1 (DARE1) subsea cable system further south along Africa’s east coast, a move that is set to transform regional connectivity. The extension will significantly strengthen Africa’s digital infrastructure and support the continent’s surging demand for high-capacity, low-latency services driven by cloud providers, enterprises,…

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Egyptian fintech Munify secures $3m seed for expansion

Egyptian fintech startup Munify has successfully raised US\$3 million in a seed funding round led by Y Combinator, with additional backing from BYLD and Digital Currency Group. The funding marks a major milestone for the startup, positioning it to accelerate engineering, compliance, and market expansion, while also strengthening its role in transforming financial services for…

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