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After an impressive 18-year career at Ericsson, where she most recently served as Head of External Communications and Regional Brand Director for the Middle East and Africa, Randa El Sawi is making a big move. She's now joining Khazna, a leading FinTech company, to spearhead their communications strategy across Egypt and Saudi Arabia.
The Egyptian FinTech sector is buzzing with potential IPOs! Many local companies have attracted significant investment and built large user bases, making them strong candidates for listing on the stock exchange. However, this exciting growth also sparks a debate about whether current listing rules, which often prioritize traditional profitability, are truly suitable for fast-growing tech companies that focus more on rapid expansion and user acquisition.
Hey there! Big news from Khazna Data Centers! They've just earned a prestigious Tier III certification from the Uptime Institute for the design of their brand-new QAJ01 facility in Ajman. This is a huge step, especially since this cutting-edge data center is specifically built to power the future of Artificial Intelligence in the region!
Khazna, an Egyptian FinTech company, is making waves by offering easy digital financial services to people who don't fully use traditional banks. After securing around $16 million in new funding, Khazna is now expanding its reach into Saudi Arabia and aims to get a digital bank license in Egypt by mid-2026. This move will help them serve even more people and boost financial inclusion across the region.
