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Archive for August, 2023

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Dates : August 2023

Egyptian pharma startup Grinta acquires counterpart Auto-Cure to expand footprint

August 10, 2023
Cairo-based startup Grinta, a fintech-enabled B2B tech platform digitising the pharmaceutical supply chain, has acquired Alexandria-based online pharmacy Auto-Cure to expand its footprint in the country. Founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed, Grinta is a managed marketplace that modernises the pharmaceutical supply chain by empowering independent pharmacies.
CDPI Emerging Markets

India’s PowerGrid to place data center outside Delhi in Manesar

August 10, 2023
The Middle East data center market is projected to reach a value of $7.94 billion by 2028, growing at a notable CAGR of 8.5%. This growth is fueled by factors such as strong connectivity, digitalization initiatives, and substantial investments in countries like UAE, Saudi Arabia, and Israel. Emerging locations like Oman, Qatar, and Turkey are also expected to contribute to the market’s growth due to increasing demand for data centers in the region.
CDPI Emerging Markets

Aleph Holding expands to the Middle East, Acquires Majority Stake in Connect Ads

August 10, 2023
Aleph Holding, global partner to the world’s biggest digital media players, has announced its acquisition of a majority stake* in Connect Ads – a digital media and advertising solutions provider specialising in the Middle East and Africa. Connect Ads has successfully developed a presence in the Middle East and Africa for global digital media platforms such as Twitter, Spotify, TikTok, Verizon and LinkedIn.
CDPI Emerging Markets