IT-Telecom News
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Egypt ranks 4th in African VC market
The list of the top VC destinations includes Nigeria, South Africa, Egypt and Kenya respectively. The four account for 70% of African VC market.
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Jumia’s investors rethink their stakes — for better and worse
Baillie Gifford disclosed ownership of 18.75 million shares in Jumia, representing 9.39% of the company.
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State moves forward toward approach to build Digital Egypt
The state focuses on accelerating its strategic path towards the digital transformation strategy.
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Wafeq raises $3mln seed round led by Raed Ventures
Aims to accelerate North Africa entry and GCC expansion.
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X-ERA, Paymob join forces to offer digital B2B payments tool in Egypt
Paymob’s gateway will process various methods of payments, including credit card, digital wallet and others on the X-ERA app.
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EFinance signs partnership MoU with F5 to help protect and optimise Egypt’s digital transformation priorities
Cloud- and cybersecurity-focused partnership set to benefit organisations across Egypt and improve citizens’ lives.
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Vodacom lands 2Africa, the world's largest subsea cable, in EC
The subsea cable project aims to significantly increase the capacity, quality, and availability of internet connectivity between Africa and the world.
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Facebook leads social media platforms in Egypt, followed by Instagram and TikTok
In a report published by the Egyptian Cabinet's Information and Decision Support Centre (IDSC), 95.9% of survey respondents use Facebook.
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Project: Supply of anti-virus software
Menia: Supply of anti-virus software valid for three years and expanding El-Malatya Water Station within Maghagha Center under two contracts
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Egyptian Commercial Service, CIT discuss promoting software exports in Africa
Egypt’s digital exports grew during the year 2021/2022 to reach $4.9bn, compared to $4.5bn in 2020/2021.
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Mindsalike hosts networking event for Egypt's startup ecosystem
Mindsalike, emerging as the definitive networking platform for entrepreneurs and investors, hosted its 19th edition in Cairo.
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Egypt’s parliament discusses banning TikTok
A lawsuit previously filed in Egypt claimed that TikTok promotes clips of nudity, pornography, bullying, and violence in society.
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Technology start-up Bekia recycles waste in Cairo
The start-up recently obtained $100,000 from the American venture capital company Catalyst Fund.
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Obeikan Digital Solutions launches development centre in Egypt
The group’s decision to expand in the Egyptian market aims to achieve a real addition to the Egyptian technological scene.
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Introducing NOMU, MENA’S leading food-tech supply chain platform
NOMU has officially launched operations across the region, set to reinvent groceries for families and homegrown F&B professionals.
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Cairo International Book Fair launches e-application
A free download of the Cairo Book Fair application is now available on Android and Apple phones.
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Industry minister lauds role of digital transformation in boosting competitiveness of production sectors
Samir was speaking during a conference organized by Obeikan Digital Solutions to announce future plans of the company in the Egyptian market.
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valU deploys Infobip’s solutions to provide customer support over WhatsApp
Customers can now get an immediate response to a variety of FAQs through valU’s various touchpoints.
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Giza Systems’ value increases to $128mln on working capital, cash balances reviewal
It is noteworthy that B investments announced on October 4th it finalized the sale of its entire stake in Giza Systems to Solutions by STC.
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Egypt’s GBarena acquires Tunisia’s Galactech in a $15 million share swap deal
The transaction expands GBArena’s footprint into the burgeoning North African market.