IT-Telecom News
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Telecom Egypt comments on stc-Vodafone deal
Vodafone ended talks with stc on the sale deal in December 2020.
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Egyptian MNT-Halan secures $120M investment
It has 4 million customers in Egypt, 1 million active users and it became the fastest growing lending service to people who are not served by banks.
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Egypt top country in mergers and acquisitions
Egypt ranked third after the US and the UK in terms of M&A deal volume and first in outbound deals.
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15K Egyptian companies join ACI system
2200 companies have registered 18,000 successful custom transactions on the system since its pilot launch in April, according to Maait.
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Heya Raeda 2021 to support female entrepreneurship
The Heya Raeda 2021 Program looks to support 300 female entrepreneurs in the early-stage.
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Vodafone Egypt, Microsoft ink MoU
The new platform, Begin, will act as a link between entrepreneurs and SMEs owners to find work and source talent in the Egyptian labor market.
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Egypt digital transformation
As Covid-19 imposes a new normal on world countries, Egypt raised investment allocations for the ICT sector by 300 percent in FY 2021/22.
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Amazon.eg launches end of 2021
Amazon launched amazon.ae in the UAE in May 2019 and one year later it launched amazon.sa in Saudi Arabia. Now, it's Egypt's turn.
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Swvl to go public in a $1.5B merger
Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital, Swvl said.
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Egypt, Singapore discuss CIT cooperation
Two countries previously signed agreement establishing partnerships to spread public awareness on AI, transfer knowledge.
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Egypt’s ITIDA and Atos sign agreement
With this agreement, Atos and ITIDA aim to accelerate the development of the digital sector in Egypt and create new employment opportunities locally.
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Egypt among 130 countries to reach deal to combat tax evasion
Under that OECD/G20 inclusive framework on BEPS, 139 countries and jurisdictions are implementing 15 Actions to tackle tax avoidance.
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Telecom Egypt gets profits from Vodafone earnings
WE owns 45% of Vodafone Egypt while Vodafone International owns 55%.It received EGP 2 billion that disbursed last March.
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Lenovo acquires 31.8% of Egypt’s market share
Lenovo Egypt maintained the highest market share for the fourth consecutive quarter, amounting to 31.8% during Q4 of the fiscal year (FY) 2020/2021.
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edtech iSchool secures $160K investment
iSchool aims to help students master artificial intelligence (AI) programming, software development, robotics, big data, and multimedia.
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7 facts about DX4SW software initiative
Egypt’s Information Technology Industry Development Agency (ITIDA) launched a new initiative for Software companies in Egypt to go global.
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Almentor closes $6.5 mln Series B
In 2016, Almentor closed a $3.5 million seed round and two years ago raised $4.5 million Series A led by Egypt’s Sawari Ventures.
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Egypt’s e-payments transactions at EGP 37bn
e-payments to suppliers, state worker salaries record EGP 628bn, EGP 377bn respectively. Total of 13.5 million transactions worth EGP 37bn.
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Egypt fines mobile operators EGP 20m
Mobile companies were fined for unjustified rejections of number porting requests.
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EBRD President visits Egypt’s business accelerator, Falak Startups
Egyptian government’s efforts to catalyze digitization, innovation is in line with third pillar of EBRD’s new strategy: Al-Mashat.