IT-Telecom News
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Egypt takes massive strides to secure smooth digital transformation
Talaat said Egypt is foremost among Arab countries in terms of fixed internet connection speed, according to a press release by the ICT ministry.
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MSMEDA backs innovative projects to enhance their role in national economy
The move comes as part of the government's plan to move toward a digital economy and attain the Sustainable Development Goals (SDGs).
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Egypt’s Mobile Masr raises $500,000 seed round
Founded in 2021, Mobile Masr offers a marketplace for used mobile phones and electronics, with a range of payment options and country-wide delivery.
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Egyptian-Emirati partnership to develop data center with $2.1B investments
The execution is planned to be through 4 stages. Each of the 3 avant-garde complexes will adopt Tier III standards - according to Uptime Institute.
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Egypt's Copal launches money app for families
The firm has teamed up with Mastercard for the app that brings family members onto a unified payment platform that is fully managed by the parents.
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Modus Capital founder sees silver lining in Egyptian start-up market
You can get more bang for your buck on an investment right now in Egypt Modus Capital founder Kareem Elsirafy said.
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Spotify teams up with Egypt’s biggest gaming festival
The world's most popular global audio streaming subscription platform will be the official audio streaming partner for Insomnia Egypt.
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Three Egyptian startups win pitching competition
The 1st and 2nd place were takes by Egyptian startups Notchnco whose Founder & CEO is Bassem Nassif, 2nd place: Yalla Super App.
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Egypt raised $517 million in VC funding in 2022
While Egypt ranked third in terms of funding in the MENA region, it came in first in the number of deals, which amounted to 160.
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Intella takes home first place at regional startup world cup competition
The deep tech company secured first place and will now be heading to Silicon Valley to compete in the grand finale for a $1M USD prize.
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Noon.com announces completion of Namshi acquisition
With more than 1,200 brands and an unrivaled selection of products, Namshi has quickly established itself as a well-known local brand.
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eFinance aims to enter Saudi market during current year: Chairperson
e-Finance is looking forward to maximizing the benefit from the international investor base it enjoys to enter new African and Arab markets.
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Ad-tech platform Gameball raises $3.5 million
Gameball will operationalize teams in Saudi Arabia, Germany, and the United Kingdom while investing in the commercialization of its product.
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Egyptian health tech Yodawy raises $16M
Egypt, is the largest producer of pharmaceuticals across the MENA region whose pharma market is set to reach $6 billion in value this year.
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Telecommunications companies in Egypt offer free calls to Syria, Turkey
Telecommunications companies in Egypt offerd international roaming service to its customers residing in Syria and Turkey for 15 minutes for free.
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IDSC: Egypt to become regional hub for electronics
Three global companies started to produce mobile phones in the country at total investments of LE 2 billion and an annual production capacity of 20 m.
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Flutterwave obtains new Egypt payments licences
Flutterwave, with these licenses, becomes one of the few payment service providers in Egypt with both local and global settlement capabilities.
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Noventiq closes DigiTech acquisition
Noventiq the global digital and cybersecurity solutions and services provider, announces closing of the acquisition of Egypt-based DigiTech.
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Egypt exempts components of mobile devices from development fee
The Egyptian Cabinet approved a draft decision to amend some provisions of Law, imposing a fee for developing the state’s financial resources.