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Sahl: Revolutionizing Bill Payment in Egypt and Showcasing Innovations at Gitex Africa 2024

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Sahl

Sahl has introduced B2B product offerings to support utility services and payment acceptance for other companies, expanding its audience and impact

CAIRO, Egypt, July 1, 2024/APO Group/ — 

Sahl, Egypt’s premier mobile bill payment app, recently attended Gitex Africa 2024 (www.GITEXAfrica.com), Africa’s largest and most renowned technology event. This milestone underscores Sahl’s commitment to showcasing its innovative solutions on a global stage and its role in transforming the financial landscape in Egypt and beyond.

At Gitex Africa 2024, Sahl connected with potential partners, investors, and customers, demonstrating its comprehensive range of services and cutting-edge technology. Sahl offers users unparalleled convenience, allowing them to pay bills for over 50 services, including electricity, gas, water, and mobile, through a single, easy-to-use platform. The app uses NFC technology, enabling users to recharge prepaid cards anytime and anywhere. Additionally, Sahl has introduced B2B product offerings to support utility services and payment acceptance for other companies, expanding its audience and impact.

Sahl is one of the few companies in Egypt directly integrated with several governmental entities, providing users seamless access to services from Egyptian Electricity Holding Co (EEHC), New Urban Communities Authority (NUCA) for water services, telecom operators (Vodafone, WE, Orange, and Etisalat), Petrotrade for gas services, Cable Network Egypt, and others. Furthermore, Sahl is the exclusive provider of NFC prepaid electricity meters in Egypt, serving 15 million households with prepaid electricity meters. Through the app, users can charge their meters and pay online, saving around 30 minutes per transaction by eliminating the need to visit a charging station.

We are thrilled to have the support of esteemed investors as we continue our journey to revolutionize bill payments in Egypt

In another significant development, Sahl has been selected to join the prestigious Visa Accelerator program. This program is designed to help innovative fintech startups scale their operations and enhance their technological capabilities. Through the Visa Accelerator program, Sahl will gain access to Visa’s vast network, resources, and expertise, accelerating its growth and expanding its service offerings.

Sahl has also successfully raised $6 million in Series A and seed funding, positioning itself as a one-stop shop for household bills in collaboration with government entities. The funding round was led by Ayady for Investment and Development, a prominent Egyptian investment firm known for supporting innovative startups. Joining Ayady in this investment are existing investors Egypt Pay, Delta Electronics, and E-Finance Investment Group, all of whom bring significant expertise and resources to the table.

“We are thrilled to have the support of esteemed investors as we continue our journey to revolutionize bill payments in Egypt,” said Abdullah Assal, Sahl CEO. “These developments will enable us to enhance our technology, expand our services, and reach more users, ultimately contributing to financial inclusion and digital transformation in the region.”

Sahl’s dynamic team of founders brings a wealth of experience and expertise to the company. CEO Abdullah Assal, with an MBA from Stanford and a background in leading Globaltronics, drives the company’s vision. CPO Ahmed Othman, known as Kika, leverages his product management and finance experience at CI Capital, to foster innovation. CTO Ibrahim Assal, with a rich background in software engineering from companies like Palantir, Careem, and Microsoft, ensures robust technological development.

Sahl is dedicated to digitizing utility payments in Egypt, driving the adoption of digital channels over traditional cash transactions. With a vision to build a comprehensive Super-app for financial management, Sahl is committed to delivering world-class financial services to its customers.

Distributed by APO Group on behalf of GITEX Africa.

Energy

Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

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African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

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Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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Business

ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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