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Société Générale Maroc is modernizing its IT infrastructure by transitioning to a microservices-based architecture in collaboration with IBM and Power Maroc. This shift aims to enhance scalability, security, and innovation, particularly in open banking and artificial intelligence, positioning the bank as a leader in Morocco's digitized financial sector. The initiative includes deploying IBM Cloud Pak solutions and adopting a containerization platform to streamline services and improve customer experiences.
Huawei's Digital Morocco Summit 2025, held on April 15, gathered over 200 leaders to discuss the future of AI and digital transformation in Morocco. Emphasizing public-private collaboration, the event highlighted Huawei's commitment to investing in local infrastructure and R&D to support the Digital Morocco 2030 initiative. The summit also focused on Morocco's energy transition, showcasing innovative solutions for a sustainable digital economy.
Société Générale Maroc is undergoing a significant digital transformation by partnering with IBM and Power Maroc to shift from monolithic applications to a microservices-based architecture. This modernization aims to enhance operational efficiency, security, and customer experience in response to the growing demand for seamless digital banking services. The initiative includes deploying IBM Cloud Pak solutions and adopting containerization to foster innovation and streamline services, positioning the bank as a leader in Morocco's evolving financial sector.
Huawei's Intelligent Africa Summit 2025 in Marrakech emphasized the transformative potential of AI for Africa's digital future, focusing on collaboration, talent, and inclusive innovation. Leaders like Shen Li and Lacina Koné highlighted the need for tailored digital strategies to leverage Africa's youthful demographic and foster sustainable development. The summit showcased the importance of robust infrastructure and data-driven strategies, as exemplified by Attijariwafa Bank's shift towards AI-enhanced performance.
Dr. Antonio Krueger, CEO of DFKI, highlights diverse AI innovations at GITEX, including smart factories and AI-driven nutrition for elite athletes. The event also emphasizes Europe's €7 billion quantum investment, cyber resilience amid rising threats, and a focus on sustainable technologies. With over 750 startups and 600 investors, GITEX fosters global collaboration and innovation across various sectors.
Visa has made strategic investments in Tunisia's Konnect and Morocco's PayTic after their participation in the Africa Fintech Accelerator programme. This initiative, part of Visa's commitment to invest $1 billion in financial inclusion in Africa by 2027, has supported 64 startups across three cohorts. Leila Serhan, Visa's senior vice president for the NALP region, highlighted the innovative contributions of these fintechs to revolutionizing commerce and finance.
Metric has launched Max, the first AI-powered virtual CFO for small businesses, aimed at enhancing financial decision-making in emerging markets. With new funding, the company plans to expand its services in MENA, Pakistan, and Afghanistan, integrating AI-driven tools for better financial management.In a separate development, UAE's Wafeq has partnered with Comfi to provide SMEs with instant invoice-based funding, unlocking $5 million in financing to improve cash flow and operational efficiency. This collaboration aims to simplify financial operations and enhance liquidity for businesses in the region.
UAE-based fintech startup Metric has secured a seven-figure seed round to enhance its AI-powered financial services across MENA and South Asia. The funding will support the launch of Max, the first AI CFO for small businesses, and expand access to tailored financial products for entrepreneurs in underserved markets.In a separate development, Morocco's VOVE ID has received funding to grow its AI-driven identity verification platform, aiming to revolutionize KYC processes in emerging markets. Meanwhile, Wafeq and Comfi have partnered to provide SMEs in the UAE with instant invoice-based financing, unlocking $5 million to improve cash flow and operational efficiency.
Saudi Arabia is poised to capitalize on the booming global space economy, projected to grow from $176 billion in 2024 to $1.8 trillion by 2035, driven by advancements in satellite technology and private sector involvement. Meanwhile, Egypt's B2B sector faces a significant challenge, with 80% of firms operating as "digital ghosts," missing out on an estimated $4.5 billion in annual revenue due to poor online engagement and outdated digital strategies. Addressing these issues could unlock substantial growth opportunities for Egyptian businesses.
Egypt's B2B sector faces a significant challenge, with 80% of firms identified as "digital ghosts," leading to an estimated $3.5–$4.5 billion in lost revenue annually. Despite a strong tech talent pool and growing global demand for outsourcing, many companies lack effective digital strategies, leaving them invisible to potential clients. ThruHQ aims to address this issue by enhancing digital visibility and trust through its curated directory for B2B service providers.
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