IT-Telecom News
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Vodacom buys 55% stake in Vodafone Egypt
Vodacom acquires majority stake in Vodafone Egypt to become Vodafone's hub in Africa.
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Vodafone Egypt receives initial offer to transfer its stake to Vodacom
Telecom Egypt, which owns 44.95 percent of Vodafone Egypt, was informed about receiving an initial offer from Vodacom for the transfer of stake.
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Egypt one of two most important ICT markets in Africa
Digital transformation creates investment opportunities, says Nassif Yazbeck.
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Orange Egypt building giant data centre in New Administrative Capital
We acquire 85% of Triple Play services in closed urban communities, says Mahran.
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Egypt digital status: October statshot
E-commerce in Egypt makes 1.8% of the GDP. Mobile internet speed is among the lowest in the world at 24.4 Mbps, while fixed internet is at 44Mbps.
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JATDEV launches application for participatory communities
SpaceJAT provides many collaborative services and tools that help stimulate and support the remote business environment.
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ShipBlu bags $2.4M for its e-commerce and fulfillment service
ShipBlu stores merchants’ products in warehouses it leases. Then it connects with merchants’ online stores and monitors orders.
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Winners of Egypt’s 1st female entrepreneurs Hackathon by ITIDA
The first prize was awarded to a team of three young women from Aswan governorate, for a mobile application developed to aid in combating harassment.
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Egypt's Cabinet approves establishing Digital Egypt Fund
The fund aims to activate and promote the services of the digital community, support & develop the system’s mechanisms and ensure its sustainability.
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Egypt to spend over $2bln to enhance internet efficiency
The project includes delivery of fiber optic cables to around 4,500 villages in the next three years.
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Egypt establishes 1st infrastructure to provide IoT services
Telecom Egypt signed a cooperation agreement with the global Nokia Corporation to establish IoT infrastructure through Nokia's network (WING).
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Egypt’s ILLA raises $2M to diversify its offerings to FMCG value chain
ILLA is an Egyptian startup that provides full-stack delivery solutions to corporates and small businesses in the FMCG sector
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Orange Egypt sponsors 5th edition of ‘El Gouna Film Festival’
The festival will take place from the 14th to 22nd of October at El Gouna Conference and Culture Center in Hurghada
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Egypt’s Telecom Regulator expands roadway cell phone coverage
NTRA will launch a limited tender for companies licensed to establish and operate mobile phone base stations at a cost of EGP 324m.
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Can Egypt’s SICO succeed in the sub-Saharan African phone market?
The company’s well-known phone brand Nile X sells for as low as $80. SICO has also started to build smartphones for Indian and Chinese firms.
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Founder of PraxiLabs Egypt chosen for finals of Africa Business Heroes
Khadija El Bedweihy will go up against founders from 6 African countries in November’s finale: Botswana, Egypt, Ghana, Kenya, Nigeria, Rwanda, Uganda.
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Egypt to get French funding for pioneer wholesale market
The wholesale market in Borg El Arab near Alexandria would be followed by the development of 14 similar markets in Egypt to improve food security.
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Ameer Sherif appoints a new CEO for Wuzzuf and Forasna
Ameer plans to move on to focus on VC, public policy as many Egyptian startups are attracting huge investments from global VCs every year.
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3 Egyptian banks to launch investment trust for fintech start-ups
The National Bank of Egypt, Banque Misr and Banque du Caire aim to launch a trust to support fintech start-ups with an overall EGP100bln capital.
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Flat6Labs closes $10M seed fund for Tunisian startups
In May, Flat6Labs completed the close of its Egypt-based fund — Flat6Labs Accelerator Company fund (FAC) — at $13 million.