The two companies will be working on joint innovation projects using cloud and AI to improve the efficiency and security of digital financial services
Chinese tech conglomerate Huawei’s cloud arm is deepening its push into the Egyptian financial sector, with Huawei Cloud signing a memorandum of understanding (MoU) with Thndr, one of Egypt’s largest digital investment platforms, to expand the use of cloud computing and artificial intelligence (AI) across the North African country’s fintech sector.
The pact was signed in Cairo on 16 June 2026 at the “Huawei Cloud Fintech Summit” by Jo Xu, chief executive of Huawei Cloud Egypt, and Ahmad Hammouda, co-founder and chief executive of Thndr.
Under the MoU, the two companies will be working on joint innovation projects using cloud and AI to improve the efficiency and security of digital financial services. As per Huawei Cloud, the latter is also building a financial-grade AI platform to help institutions adopt AI-driven services.
“Since launching our cloud region in Egypt in 2024, we have built a strong foundation that enables organizations to innovate through secure, flexible, and scalable cloud services, accelerating their digital transformation journeys. Over this period, we have seen strong momentum and a series of successes in empowering Egypt’s fintech sector. Today, we are building on that momentum through our partnership with Thndr, as we work together to deliver advanced cloud and AI solutions that enhance the efficiency of digital financial services and enable more intelligent, adaptive customer experiences. This collaboration reflects our vision of driving the financial sector toward the next generation of intelligent services while strengthening its competitiveness in a rapidly evolving market,” said Xu.
Huawei Cloud opened its first large-scale public cloud region in Egypt in 2024. As per the company, the facility has been certified by the National Telecommunications Regulatory Authority (NTRA) under a Tier 3 license and keeps financial data inside Egypt, following the Financial Regulatory Authority’s (FRA) localization rules.
“At Thndr, our mission is to make investing more accessible, simple, and inclusive for millions of people across Egypt and the region. Achieving this mission requires not only innovation in financial services but also strong technology foundations that can support growth, resilience, security, and an exceptional customer experience. We are pleased to strengthen our collaboration with Huawei Cloud as we continue to scale our platform and explore new opportunities enabled by cloud and AI technologies,” said Hammouda, adding that scaling the platform depends on strong technology foundations.
With the Thndr deal, Huawei firmly extends its growing presence in Egypt. The Chinese tech conglomerate has already pushed its fiber and 5G infrastructure in the North African country.
