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Zain launches ‘Bede’ Fintech Platform in Sudan

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KUWAIT / SUDAN, Apr 17: Zain Fintech, the financial services arm of Zain Group, a leading provider of innovative technologies and digital ‎lifestyle communications operating in eight markets across the Middle East and Africa, has launched the ‎‎‘Bede’ Digital Wallet in Sudan. ‎

The safe and secure platform will empower Zain customers in Sudan to carry out a wide range of financial ‎transactions directly via their mobile phones, without the need for a traditional bank account or card. ‎Significantly, the service is designed to work across different phone types, including basic feature and smart ‎phones, catering for the needs and requirements of the Sudanese community.‎

The initial launch phase of the service includes core transactions such as money transfers, airtime top-ups, bill ‎payments, merchant purchases, and cash deposits and withdrawals through a broad network of certified agents ‎operating across neighborhoods and market locations. ‎

The launch ceremony held in Port Sudan was attended by representatives of the Sovereign Council, federal and ‎state ministries, ambassadors, Zain management as well as industry specialists, banking partners, and media ‎representatives.‎

Malek Hammoud, Zain Group Chief Investment and Digital Officercommented, “The launch of ‘Bede’ marks a ‎major leap towards achieving digital transformation, enhancing financial inclusion, and empowering families, ‎women and youth in Sudan. The wallet’s role is to simplify everyday financial interactions and support citizens’ ‎daily lives. Bede has already been successfully deployed in Bahrain and the dynamic platform has gained a ‎strong reputation for its efficiency, ease of use, and high reliability. We expect to replicate this performance in ‎Sudan and other Zain markets.”‎

Hammoud continued, “Bede aims to allow everything to be made in the palm of one’s hand, cateringto ‎consumers’ lifestyles and emerging demands beyond basic telecom services. The introduction of Bede in Sudan ‎represents a major step in Zain’s strategic ‘4WARD-Progress with Purpose’ aspirations to expand its regional ‎leadership in the fintech arena supported by our footprint, customer base, and leading technologies.”‎

The rollout of Bede in Sudan is set to occur in three phases. The first involves the initial offer of the service, ‎while the second phase incorporates its integration with additional banks in Sudan and the addition of services ‎including electricity purchases and access to various government transactions. The third phase will introduce ‎banking services, international remittance services, savings and financing products, and full interoperability with ‎all banks operating in Sudan.‎

Bede operates under robust strategic partnerships and in full alignment with the policies of the Central Bank of ‎Sudan, which regulates and supervises digital wallet activities through clear legal frameworks and governance ‎policies. Several banksoversee the management of Bede’s trust accounts, ensuring accurate settlements and ‎transparent financial reporting.‎

Bede complies with national standards for anti-money laundering, anti-corruption, customer data protection, ‎and financial transparency, with the wallet also offering a secure and integrated digital financial experience that ‎prioritizes data security and user privacy.‎

More on Bede

The core value of Bede is based on the belief that everyone deserves equal opportunities to achieve their full ‎potential, and Zain is committed to leveling the playing field for all individuals.‎

The impact of Bede inSudanwill go beyond convenience and efficiency. It is designed with inclusivity at its core, ‎ensuring that it is accessible and beneficial to everyone, whether the individual is looking to transfer money to ‎their loved ones, purchase an item or manage their day-to-day expenses more efficiently.‎

Bede represents another offering in Zain’s mission to provide “meaningful connectivity” and ‘financial inclusion’ ‎to communities across all the markets in which it operates. For more, please visit https://bede.sd/‎

The Bede name and logo

Bede stems from the Arabic meaning of “in my hand”, hence the customers’ freedom to manage their ‎financials, the way they desire, in their own hands. The brand’s colors are inspired by a human approach which ‎translates to a friendly and approachable personality. The primary colors are black and white with injected bright ‎and playful colors which focus on the positive energy of banking and the human element of the brand that ‎offers a clean and direct approach. With its brand slogan “When you get more, you do more”, Bede believes in ‎providing the tools and solutions that allow everyone a level playing field to be able to achieve and go as far as ‎possible.‎

The Zain Fintech umbrella

As the financial services arm of Zain Group and playing a key part of Zain’s ‘4WARD’ strategy by introducing and ‎overseeing fintech services across the company’s Middle East and African footprint, Zain Fintech focuses on ‎rolling out innovative products and services related to payments, remittances, credit cards and micro-finance ‎within the Zain ecosystem and beyond. Other entities championed by Zain Fintech include Bede in Bahrain, Zain ‎Cash in Iraq and Jordan, and Tamam in Saudi Arabia. Zain aims to roll-out Bede services in Kuwait soon, subject ‎to regulatory approvals.‎

Innovation and investing in viable digital services such as the fast growing and much needed fintech sector is ‎critical to Zain’s sustained evolution and success in providing the communities it serves with appealing and much ‎needed digital lifestyle services.‎

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Agility KSCP Invests in Youth Through Kuwait Codes Program

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KUWAIT CITY, Sep 16: Agility KSCP, a supply chain services, infrastructure and innovation company, has announced the successful conclusion of the 2025 edition of the Kuwait Codes program as part of its ongoing strategic partnership with CODED Academy.

Now in its fourth year, Kuwait Codes has established itself as a leading platform for developing tech and coding talent in Kuwait, providing free training in 2025 to more than 1,000 high school students in app, web, and game development, as well as cybersecurity.

During the closing ceremony, Agility KSCP recognized student achievements by presenting Agility’s award for the “Most Ready for Market Project” for Kuwait Codes 2025. The award was given to Salah Younes Ali, whose project stood out for its innovation and real-world potential.

Agility KSCP is committed to empowering and investing in youth development in Kuwait through strategic partnerships with leading non-profits that expand access to technical and vocational education. Its collaboration with CODED Academy stands as a strong example, with more than 4,500 young learners reached since the launch of the “Kuwait Codes” program in 2022, including 1,072 in 2025 alone, equipping them with essential coding and entrepreneurship skills.

Agility KSCP’s CSR program underscores the private sector’s critical role in advancing youth development and fostering innovation in Kuwait. This year, Agility KSCP aims to reach over 5,000 individuals nationwide through initiatives focused on education, technology, and entrepreneurship, building on two decades of partnerships that have already impacted more than 51,000 people across the country.

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UK inflation remains nearly double target ahead of expected interest rate hold

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UK inflation remains nearly double target ahead of expected interest rate hold

British Chancellor of the Exchequer Rachel Reeves looks on during a cabinet meeting at 10 Downing Street, in London on Sept 9. (AP)

LONDON, Sept 17, (AP): Inflation in the UK held steady at 3.8% in the year to August, official figures showed Wednesday, a day before the Bank of England is widely expected to keep interest rates on hold. The Office for National Statistics found food and drink prices rose for the fifth month in a row, but airfares fell sharply after a big spike in July.

Though inflation remains nearly double the Bank of England’s target rate of 2%, most economists had anticipated a modest increase in August. Stubbornly high inflation has been one of the reasons why the Labour government’s poll ratings have fallen sharply since it came to power in July 2024. Treasury chief Rachel Reeves will be hoping inflation starts to drop down towards target, as many forecasters predict, in the year to come as it will relieve some of the cost-of-living pressures that are hurting households and undermining the government’s support.

“I know families are finding it tough and that for many the economy feels stuck,” she said after the figures were released. “That’s why I’m determined to bring costs down and support people who are facing higher bills.” Reeves’ economic plans will be in the spotlight over the coming weeks ahead of her annual budget on Nov 26, where she is widely expected to increase taxes again to bolster revenues and simultaneously introduce policies to ease the cost-of-living pressures.

Many critics blame Reeves personally for the increase inflation this year, saying her decision to increase taxes on businesses to plug a budget hole prompted firms to up prices. The inflation figures have cemented market expectations that the Bank of England will keep interest rates unchanged on Thursday. Since it started cutting borrowing rates in August 2024 after the unwinding of the previous spike in inflation in the wake of Russia’s invasion of Ukraine, the bank has done so in a gradual manner every three months.

When it cut its main rate to 4% in August, it was largely expected there would be no further reduction at the September meeting. If the bank were to continue to cut interest rates in the manner it has been doing so, the next meeting in November would see a further reduction. However, economists remain split as to whether another cut is forthcoming since inflation has proven to be stickier than anticipated earlier this year, partly because of relatively high wage increases. 

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Kuwait cracks down on industrial plot violations

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Kuwait cracks down on industrial plot violations

Minister of Commerce and Industry Khalifa Al-Ajeel

KUWAIT CITY, Sept 17: Minister of Commerce and Industry Khalifa Al-Ajeel issued three ministerial decisions Tuesday to establish specialized inspection committees aimed at monitoring and controlling violations on industrial plots supervised by the Public Authority for Industry (PAI).

The committees, each headed by a senior advisor, will conduct comprehensive surveys of industrial plots, oversee violations, and enforce corrective actions as necessary. The PAI said in a statement to KUNA that this initiative seeks to restore order and discipline within the industrial and service sectors, support compliant factories, and encourage serious business activities. The ultimate goal is to foster an advanced industrial environment that strengthens the national economy and boosts its competitiveness.

The inspection committees comprise representatives from eight government entities: the Ministry of Interior, Kuwait Municipality, Fatwa and Legislation Department, General Fire Force, Ministry of Electricity, Water and Renewable Energy, Ministry of Health, Public Authority for Manpower, and Ministry of Justice. This multi-agency collaboration aims to streamline regulatory and supervisory roles.

According to the decisions, the committees are tasked with conducting integrated surveys of all plots under PAI supervision, identifying violations, and taking legal action accordingly. They will also prepare detailed reports outlining detected violations, recommendations, and proposed procedures.

The PAI emphasized that the committees have been granted extensive inspection and oversight powers, including the use of modern technology to enhance operational efficiency. The Authority highlighted that this move underlines the government’s commitment to transparency and discipline in managing industrial, commercial, service, and craft plots.

By reinforcing investor confidence, promoting fair competition, and ensuring regulatory compliance, the committees are expected to create an industrial sector capable of significantly contributing to Kuwait’s national economy.

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