Mobile market expects breakthrough after release of imported shipments during 1Q 2023
The Egyptian market sold about 13 million mobile devices in 2021, according to GFK for market research.
Mohamed Alaa El-Din
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Egypt, India discuss enhancing cooperation in IT sector
According to a press release issued by the Ministry of Communications, the meeting reviewed the top proposed cooperation projects between Egypt and India in the field of communications and information technology. It also discussed the ongoing preparations for Talaat’s visit to India next week, which aims to create close ties between Egypt’s experience and the successful Indian experience in the field of communications and information technology. They also discussed ways to enhance the Egyptian-Indian partnership in a number of fields of communications and information technology, and attract Indian investments to the Egyptian market.
Digital transformation empowers women, creates new jobs: Experts
He explained that women are more stable in the job, and that there are certain jobs that are not suitable for men in the field of technology, such as conducting tests, as women have more patience than men. “We are one of the first companies to apply the system of only four working days and three days off, because our goal has become to pay attention to employees’ productivity and the tasks they perform, regardless of the working hours, which greatly supports women’s work as well,” he added.
Forbes names 11 Egyptian startups as most attractive for funding in MENA
The Egyptian startups ranked on the list were able to raise funds worth $508.5m in 2022.
Communications Minister witnesses graduation ceremony of 2022 batch of WE Applied Technology School
It is one of the most important grants offered by the Samsung Innovation Campus by Samsung International and under the auspices of the Ministry of Communications and Information Technology, with the aim of Qualifying students for the labour market by developing their professional skills and raising the level of competencies and technological skills.
eAswaaq Misr adds GB Auto’s Ready Parts products to its online platform
The platform also provides electronic payment facilities in various forms, in addition to electronic financing programmes to provide a greater opportunity for the products of small, medium and large companies to reach the largest customer base inside and outside Egypt.
Recession hits mobile market due to high prices, supply shortage
Walid Ramadan, deputy head of the Mobile and Communications Division at the Chambers of Commerce, said that the prices of mobile phones rose at approximately the same rate as the pound’s price drop against the dollar.
CheckMe acquires Doctor Online through Exits MENA in another boost to Egypt’s healthtech
Powered by the T3G investment group and founded in 2020, CheckMe is a customer-centric marketplace mobile application that provides on-demand medical lab services through multiple lab partners safely, accurately, and quickly. Doctor Online, Founded by Mahmoud Abdel Hakim, is a virtual clinic mobile application that offers various medical services virtually to its patients; through access to expert doctors in all medical specialties via video calls.
Egypt acquires 10% of Asus investments in 2021: Regional official
Tsai added, in an interview with Daily News Egypt, that there are promising opportunities for the company in the Egyptian market, despite the surrounding local and global challenges, but the challenges in the Egyptian market are similar to other global countries.
We invite Egyptian companies to participate in digital transformation projects for the sector: Assistant Tourism Minister
In a press statement issued by the organisation, Sherif stressed that the tourism and antiquities sector is a promising sector in light of the Egyptian state’s interest in implementing the digital transformation system in projects related to this sector.
Egypt, Zambia sign MoU to enhance cooperation in communications, information technology
According to a press release by the ministry, the two countries largely cooperate in the areas of digital transformation, postal services, and institutional capacity building.
Agreement held between TE, Grid Telecom to establish submarine cable linking Egypt, Greece
The agreement was signed by Adel Hamed, Managing Director and CEO of Telecom Egypt, and Manos Manousakis, Chairman and CEO of IPTO.
We are keen on expanding cloud computing services: Communications Minister
Talaat also indicated that the average fixed internet speed in Egypt doubled, becoming the highest in Africa, with an average speed of approximately 45 mbps in October 2022, compared to 40th place on the continent in January 2019, with an average speed of 6.51 mbps.
50m tonnes of electronic waste worth $62bn produced globally: Report
The study estimated the value of this electronic and electrical waste at $62.5bn, and only 20% of it is recycled.
Dentacarts dental platform aims to close a $10m funding round in 2023
In response to Daily News Egypt’s question about the use of financing on the side-lines of a round table at the company’s headquarters on Monday, he explained that the company aims to use the new financing to expand regionally, starting with the Saudi market and a number of African markets, specifically Kenya and South Africa.
Work underway on law for start-ups to facilitate establishing virtual, remote companies: Communications Minister
Talaat said that the ministry is currently working on preparing a number of legislations to be submitted to the House of Representatives, including a law for classifying and exchanging data, and a law for emerging companies in order to establish virtual and remote companies and benefit from electronic signatures.
Moonbase Fund targets a first closing of €5m, studying investing in two Egyptian companies in the industrial sector
The Moonbase Fund aims to invest in 25 entities during the next stage, and the fund is currently arranging to pump investments in small and medium companies in the European and Asian markets as a first stage.
CTO reviews Orange Egypt’s plan to enhance the quality of company’s services in Egypt
85% of the company’s stations support 4G technology
There will be more than one billion content creators by 2027: Phlog founder
It comes during the “New Media and Latest Forms of Entertainment” session on the third day of the first-ever Middle East 30 Under 30 Summit in El Gouna, Egypt on Saturday.
MENA is fertile ground for fintech applications: Founder of Pay Sky
The event was held within the framework of the activities of the Forbes Middle East Under 30 Summit, which kicked off last Thursday and concluded its activities on Monday in El-Gouna.
AIC applies for golden license to manufacture in Egypt
In statements to Daily News Egypt on the side-lines of a round table held by the company, Kamel added that the company allocated investments worth EGP 100m over three years to manufacture electronic chips for smart cards, EGP 25m of which were for the first phase of the project.
Vodafone Egypt is contributing to Egypt’s 2030 Vision for Sustainable Development: External affairs director
Vodafone is also supporting the agricultural sector to save 18 billion cubic meters of water using technology: Essam
Swvl provides bus advertising services nationwide
This comes within the framework of Swvl’s tendency to expand the range of services it provides in the Egyptian market, and to provide an opportunity to increase the monthly income of drivers, in addition to the importance of this service in supporting the mobile advertising market in Egypt.
National projects in Egypt create great investment opportunities: Western Digital
In exclusive statements to Daily News Egypt, Azzi explained that the Egyptian market has great investment opportunities, especially with the size of the giant national projects implemented by the Egyptian government with the latest international technologies.
Egypt’s Information Technology Chamber presents its vision for training and exporting support to Al-Sisi
The presentation was held in the presence of Minister of Communications and Information Technology Amr Talaat and President of the Federation of Egyptian Industries Mohamed Al-Sewedy.
Egypt ranks first in terms of most financing deals for start-ups in MENA: Communications Minister
MoneyFellows closes $31m funding round
Recession still dominates mobile market, prices likely to increase by 20%
Cancelling the opening of documentary credits by the end of the year will support manufacturing locally
Egypt Post signs cooperation protocol with The Entertainer to provide loyalty programmes
The protocol was signed by Sherif Farouk, Chairperson of Egypt Post, and Ahmed Gaber, CEO of The Entertainer.
RentUp launches Egypt’s 1st reverse rental marketplace to drive innovation in local real estate sector
Egypt’s real estate sector holds immense significance to the local economy, as it contributes 16%to its gross domestic product (GDP).
Benya Group aims to attract $150m of investments from strategic investors
Mekky explained that the company is working to increase capital by attracting new strategic investors during the coming period, and that it has received investment offers from Gulf companies and international institutions.