IT-Telecom News
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UNDP, ITIDA launch new 5-year project to boost tech-driven startups in Egypt
It builds on a previous UNDP-ITIDA collaboration that supported over 1,800 startups and created 31,000 jobs.
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Egypt aims for $9bn in digital services exports by 2026
The number of workers specialized in exporting these services will reach about 550,000 in 2026.
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Egypt has one of the most dynamic growth rates in Africa
In embarking on its Vision 2030, aimed at inclusive sustainable development, Egypt prioritized digital transformation.
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4mln landline customers with Telecom Egypt convert to prepaid billing system
The number of landline subscribers declined by 5.5% in March to 11.68 million in March compared to 12.36 million in February.
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Is it the end of capitalizing on data?
Making money from data is getting harder for big tech companies. The EU is getting in the way and demanding explicit consent for everything.
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Amr Talaat : Telecommunications Sector's Contribution to Egypt's GDP Rose Over 5%
The minister also mentioned that Egypt invested EGP 50 billion in digital transformation projects.
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Egypt overtakes Nigeria as Africa tech funding slows
Venture capitalists and private equity firms which have flocked to Africa in recent years, are beginning to apply the brakes on invesments.
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Egypt’s e-Commerce volume rises to $30 bln: Senior Banker
CEO and Managing Director of United Bank, Ashraf al-Kady said that 72 percent of Egyptians have switched to online shopping using e-cards since 2020.
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Egypt launches 20 mobile tech centers for government services in El-Alamein
The project comes in line with presidential initiatives to better provide accessible government services to the citizens.
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45 villages in Menoufiya connected with fibre optic cables: Minister
Minister of Communications and Information Technology Amr Talaat reported that 45 villages in Menoufiya have been connected with fibre optic cables.
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Israel plans submarine power cable to Europe, Egypt, Gulf countries
Israel’s Energy and Infrastructure Ministry is planning to construct a 150-kilometer submarine cable along the country’s Mediterranean coast.
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Egypt's digital exports to hit $5.5 bln in FY2022/23
Egypt's digital exports are projected to reach approximately $5.5 billion in the FY 2022/2023, up 12.2 percent from $4.9 billion in FY2021/2022.
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UAE jobs: Pakistan, India, Egypt, Jordan to be most affected by AI automation
Companies in the UAE and other Gulf countries are also increasingly deploying AI to automate many roles.
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3 mobile giants set up factories in Egypt with 20 million devices production capacity
The first factory is owned by Vivo, the second factory is owned by Nokia and the third by Samsung.
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ITIDA announces new bootcamp to support local accelerators and incubators
According to a statement by the MCIT, the program builds on ITIDA's expertise and 500 Global’s track record of running 85+ accelerator programs.
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Mena startups raised $35.6 million in June, pushing half year total to $1.6 billion
Startups in Mena raised $35.6 million in June 2023 across 45 deals, pushing the half year funding total to $1.6 billion.
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Intel’s Advanced Packaging: Revolutionizing Chip Packaging Technology
Advanced packaging is a set of technologies that combines and interconnects multiple chips in one package.
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Egypt 2nd in software developers in Africa
There are an estimated 690,000 professional software programmers in Africa. Over half of these are from South Africa, Egypt, and Nigeria.
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Egypt’s fibre optic expansions prompt digital transformation
The initiative was launched to improve the standard of living, with up to E£5.8bn ($342.6m) investment committed to developing telecoms infrastructure
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What African countries can learn from Egypt's tax exemption for startups
These tax incentives are instrumental in providing startups with the necessary financial breathing space to thrive in their early stages.