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Tecno Launches the Camon CX in Egypt
![Tecno mobile Egypt launches Camon CX](https://adigitalboom.com/wp-content/uploads/2017/04/tecno-camon-cx.png)
Boasting an excellent variety of features and specs, the Camon CX is set to take Egypt by storm after Tecno launched it at a glamorous event at the Nile Ritz Hotel in Cairo.
April 24 – In a dazzling event dotted by the Who’s Who in the local tech industry, Tecno Mobile launched its latest market release – the Camon CX. The grand event was hosted by the Nile Ritz Hotel, Cairo.
In particular, the new Android-based phone is designed as the perfect camera phone. For instance, it boasts 16MP on the front camera meaning that users will now get to take quality selfies and generate crystal clear images.
At the event, Tecno Mobile announced that the Camon CX would be sold exclusively at Jumia Egypt and Orange stores over the next month. The first 400 buyers will also be rewarded with two cinema tickets.
Ashraf Halim recognized this exclusive partnership between Orange & Tecno mobile, Vice President of Orange Egypt, “Orange’s collaboration with Techno mobile in the launch of Camon CX, is a reflection of the continuity of the partnership with Transen Group, especially after Techno mobile’s products have been accepted and appreciated by our customers. Orange always strives to offer the best prices and exclusive offers,” said Ashraf Halim, And the new devices with different specifications and features to meet all tastes and requirements of users and supports the services of the fourth generation, which is sought by Orange during the coming period.
Mohamed Ismail, Regional Business Development Manager for Egypt and North Africa, said, “This is the continuation of our strategic partnership with Orange, which has started less than a year ago. We have officially announced that we have more than 14 products available in all Orange branches. This is a clear indication of this partnership’s success, which extends to all Orange branches in Africa. We will soon target all branches of Orange in the Middle East. “
Within the Egyptian market, these retailers will sell the Camon CX for EGP 3,500. Compared to other smartphones within the same range, this price is the lowest buyers can expect to part with. Especially considering the high-quality camera, it is anticipated that the smartphones will start flying off the shelves in no time.
Some influencers have joined the global Tecno mobile campaign to show off their quality selfies.
Immediately after the launch event, Tecno Mobile released a commercial video that shows the stunning selfies users will take with the Camon CX camera. The video will encourage new buyers to show their selfies and stand to win using the #QualitySelfie hashtags on various social media platforms.
In terms of entertainment, the Camon CX launch event attracted The Shakers Band, a musical group that has been causing waves in and around Egypt.
Camon CX Specifications
The Camon CX has the following specs in store for buyers:
- Water Drop Screen
- Super Screenshot
- Quad-Flash (Ring Flash)
- MT6750T Octa-Core 1.5GHz
- Light Speed Charging
- HiOS 2.0
- Full Metal Body
- Fingerprint
- Dual SIM Card, with 3 Slots
- Dual Flash Front Camera
- Android 7.0 Nougat
- 5.6mm Slim
- 4G Internet Connectivity
- 3200mAh Li-Polymer
- 2.5D Glass Screen
- 16MP Front Camera
Tecno Mobile, which counts on Africa as the largest market, has been causing a sensation across the continent with its impressive line of ultra-suave and affordable smartphones.
News
Saudi Fintech Lendo Signs MOU with J.P. Morgan
![Saudi Startup Lendo Joins Forces with J.P. Morgan to Enhance SME Financing](https://adigitalboom.com/wp-content/uploads/2024/09/Lendo-x-JP-Morgan-MOU.png)
Lendo, a Saudi Arabia-based Shariah-compliant crowdlending marketplace, has signed a Memorandum of Understanding (MOU) today with J.P. Morgan to improve access to financing for small and medium-sized enterprises (SMEs) across the country.
The MOU was signed during 24 Fintech, a premier fintech event that brings together industry leaders, innovators, and investors in Riyadh.
J.P. Morgan and Lendo are working together on potential opportunities to support the SME sector in Saudi Arabia in growing and sustaining the remarkable demand in this market.
“This strategic collaboration with J.P. Morgan, a pioneer in the financial industry, marks a significant milestone for Lendo,” said Osama Alraee, CEO and co-founder of Lendo. “By combining our strengths, we’ll deliver cutting-edge financial solutions to SMEs, supporting their growth and contributing directly to the realization of Saudi Arabia’s Vision 2030.”
The SME financing landscape in MENA presents a substantial market opportunity as limited financial access continues to restrict the growth of the region’s businesses, with commercial banks hesitant to issue loans to SMEs at scale, resulting in a high percentage of declined financing requests annually.
The total SME financing gap in developing countries is estimated to be approximately $5.2 trillion, according to the International Finance Corporation (IFC).
Lendo’s debt crowdfunding platform aims to bridge the financing gap for SMEs, aligning with Saudi Vision 2030’s goal to significantly expand SME lending from 4% in 2018 to 20% by 2030.
According to the latest available report from the Saudi Central Bank (SAMA), the total value of debt crowdfunding in Saudi Arabia surged from SAR 1.4 million in 2019 to SAR 771 million in 2022, marking a remarkable growth.
Lendo raised SAR 132 million ($35.2 million) in total funding from leading investors, including the most recent Series B led by Sanabil Investments, a wholly-owned company by the Public Investment Fund (PIF).
Since its inception in December 2019, Saudi fintech Lendo has processed over 5,000 financing transactions on its platform, providing over SAR 2 billion ($600 million) in financing to SMEs and generating SAR 280 million ($74 million) in returns for investors.
News
TA Telecom Introduces AnteThink: A New AI Decision Support Tool
![**TA Telecom Introduces AnteThink: A New AI Decision Support Tool for Enhanced Decision-Making**](https://adigitalboom.com/wp-content/uploads/2024/01/antethink-ta-telecom.png)
TA Telecom, a prominent player in the Middle East’s tech sector, has unveiled AnteThink, an AI-driven tool designed to enhance decision-making processes for individuals and businesses alike.
With a history of influencing the tech landscape through various initiatives, including advanced mobile solutions, high-volume payment platforms, and ventures in e-commerce, fintech, and analytics, TA Telecom has carved a niche for itself. Serving a vast user base of 40 million and processing an impressive 15 billion transactions across its platforms, TA Telecom has cemented its position as a tech industry leader, with some of its ventures achieving the status of Y Combinator companies.
Established in 2000, TA Telecom has emerged as a prominent player in the technology sector. With over 40 million users and processing 15 billion transactions annually, TA Telecom has made a notable impact. Recognized for its contributions by the Financial Times and featured on Deloitte’s list of fastest-growing tech companies in EMEA, TA Telecom is known for its adaptability and forward-thinking approach in the ever-evolving global tech landscape.
Sameh Ibrahim, CEO of TA Telecom, highlights the potential of AnteThink: “AnteThink reflects our commitment to leverage technology for practical impact. It aims to provide clarity and confidence in decision-making, whether in the professional or personal sphere. AnteThink is a tool that can empower startup founders, executives, and individuals to make more informed choices, alleviating the stress and uncertainty often associated with critical decision-making.”
Mostafa Ashour, CEO of Y Combinator-backed startup NowPay, shared his perspective on AnteThink: “AnteThink transformed our strategic planning, allowing us to explore various scenarios and prepare for different outcomes. It has strengthened our decision-making process, helping us navigate the complexities of the business landscape.”
AnteThink embodies TA Telecom’s commitment to innovation, focusing on supporting the startup ecosystem. The tool is tailored to help leaders and executives navigate the complexities of business management and strategic development by providing a clear picture of potential outcomes.
Key Features of AnteThink include:
1. Second Order Mode: Offering a comprehensive analysis of broader impacts, fostering a strategic mindset for long-term success.
2. Optionality Mode: Enabling detailed evaluation and comparison of different choices to ensure decisions align with strategic objectives and values.
3. Inversion Mode: Focusing on identifying and mitigating potential risks, thereby strengthening risk management strategies.
![TA Telecom Introduces AnteThink: A New AI Decision Support Tool for Enhanced Decision-Making](https://adigitalboom.com/wp-content/uploads/2024/01/antethink-screenshot-800x450.png)
Credit: Antethink
AnteThink’s advanced AI technology aims to assist decision-makers with insightful analytics, offering guidance through the decision-making process.
News
GoDaddy’s Global Markets VP Predicts Egypt’s E-commerce to Hit $9.88 Billion by 2028
![GoDaddy's Global Markets VP Predicts Egypt's E-commerce to Hit $9.88 Billion by 2028](https://adigitalboom.com/wp-content/uploads/2023/12/Selina-Bieber-the-Senior-Director-of-Global-Markets-at-GoDaddy.webp)
Selina Bieber, the Senior Director of Global Markets at GoDaddy, has predicted a significant increase in Egypt’s e-commerce revenue. By 2028, it could reach $9.88 billion.
Godaddy is forming strategic partnerships and launching initiatives to help local entrepreneurs. These efforts align with Egypt’s digital transformation goals and its Vision 2030.
In an interview with the Arabic financial news “Amwal Al Ghad,” Bieber spoke about GoDaddy’s plans and how they match Egypt’s 2023 strategy. She highlighted the company’s aim to provide effective, easy-to-use digital tools and services. By 2024, GoDaddy wants to serve more customers in Egypt by making its digital tools more widespread.
The company is working closely with the Egyptian government, especially the Ministry of Planning. They are offering training programs to improve the digital skills of startups and existing businesses. GoDaddy’s services in Egypt include domain registration, web hosting, e-commerce solutions, and digital marketing tools.
Recent surveys support Bieber’s positive outlook for e-commerce in Egypt. They show a clear trend towards digital strategies among small businesses. Many are realizing the importance of having an online presence for their growth and success.
As GoDaddy continues its partnerships and supports government digital initiatives, its influence on Egypt’s digital landscape is growing. The company is committed to sustainability and reducing its carbon footprint. It aims not just for business growth but also to contribute to a sustainable and thriving digital economy in Egypt.
The 2028 projection indicates a vast potential for e-commerce, with GoDaddy playing a key role in this digital evolution.
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