Presight, Uganda sign landmark digital transformation deal
UAE tech firm to boost African nation's digital transformation
#UAE #Uganda #digitaltransformation - Abu Dhabi-based big data analytics and AI company Presight has signed a strategic MoU with Uganda's National Information Technology Authority (NITA-U) to accelerate the East African nation's digital transformation agenda. The agreement, witnessed by UAE Deputy Prime Minister His Highness Sheikh Abdullah bin Zayed Al Nahyan during his official state visit to Uganda, commits the ADX-listed AI firm to strengthening national cybersecurity infrastructure, enhancing government cloud services, and optimising ICT procurement while creating local employment opportunities. The deal follows Presight's Q1 2025 financial results showing 115.1% year-on-year revenue growth to AED 563.9 million ($153.5m) announced earlier this week.
SO WHAT? - The new agreement is a significant step in Uganda's digital development strategy, while highlighting how Presight can leverage its technology, experience and resource to help UAE trade partners create value. The agreement directly addresses critical infrastructure needs outlined in Uganda's National Development Plan III, and is expected to accelerate public service digitisation together with cybersecurity safeguards. For Presight, this deal also strengthens its African market presence.
G42 Group big data analytics and AI company Presight has signed a Memorandum of Understanding with theUgandan National Information Technology Authority (NITA-U) at the State House Uganda in Kampala, focused on multiple strategic technology initiatives aligned with the country’s National Development Plan III.
The agreement was signed during high-level diplomatic engagement, witnessed by UAE Deputy Prime Minister Sheikh Abdullah bin Zayed Al Nahyan, with NITA-U Executive Director Dr. Hatwib Mugasa representing Uganda and senior Presight executives attending.
Key focus areas include strengthening Uganda's national cybersecurity infrastructure, enhancing government cloud services and e-government systems, and optimizing government procurement processes for ICT services.
NITA-U will lead project identification and establish a Technical Steering Committee involving officials from various ministries including Finance, Planning and Economic Development, while Presight will provide technical expertise and conduct feasibility assessments.
The partnership aims to create local employment opportunities during implementation phases, supporting economic development alongside digital transformation objectives.
This week Presight reported exceptional financial performance in Q1 2025 with revenue increasing 115.1% year-on-year to AED 563.9 million ($153.5m), demonstrating the company's growth trajectory.
The ADX-listed technology firm secured AED 1.44 billion ($390m) in new orders during Q1 2025, expanding its backlog to AED 3.87 billion ($1.05b) – representing a 29% increase since December 2024.
Presight maintains a strong financial position with AED 1.97 billion ($540m) in cash and zero debt, providing substantial resources to support ambitious international expansion projects like the Uganda partnership.
ZOOM OUT - Sheikh Abdullah bin Zayed's official visit to Uganda marks a significant expansion of UAE-Africa diplomatic and economic relations, with the Presight deal representing just one of six strategic MoUs signed during the high-level engagement. The agreements span multiple sectors including investment cooperation, diplomatic training, energy development, visa exemptions, and railway infrastructure. The new deals align with the UAE's strategy to deepen ties with African nations beyond traditional oil partnerships and establish itself as a key development partner across Africa. The Emirates is well positioned to leverage its technological expertise and investment capacity to support African infrastructure and digitalisation goals.
[Written and edited with the assistance of AI]