Egypt has reinforced its commitment to technology investment and digital transformation, securing a spot among the top five African nations for technology investments in 2024, according to the Information and Decision Support Center (IDSC) of the Egyptian Cabinet. This achievement highlights the country’s ongoing efforts to enhance its digital infrastructure and improve the quality of digital life.
In 2024, Egypt ranked third in Africa for technology investments, with $297 million invested in 89 deals. This underscores the growing influence of Egypt in the continent’s tech sector. Nigeria led the rankings with $520 million across 103 deals, followed by South Africa with $459 million in 67 deals. Kenya secured fourth place with $221 million from 59 deals, while Ghana completed the top five with $102 million from 17 deals.
In addition to financial investments, Egypt made significant strides in the Digital Quality of Life Index 2024, which evaluates internet speed, cybersecurity, digital infrastructure, and the overall development of the technology sector. According to a report by Business Africa, based on data from Surfshark Cybersecurity Company, Egypt’s performance on this index highlights the accessibility and quality of internet services across the country.
One of Egypt’s standout achievements has been its continued leadership in fixed broadband internet speed across Africa in 2024, as reported by the Speedtest Global Index. This accomplishment reflects Egypt’s efforts to expand high-speed connectivity and strengthen its digital capabilities.
The IDSC emphasized that Egypt’s strong ranking in the digital quality of life index highlights the nation’s growing emphasis on investing in digital infrastructure. By improving internet quality, expanding digital access, and strengthening cybersecurity, Egypt is establishing itself as a key player in Africa’s technological transformation. These strategic investments aim to drive innovation, economic growth, and digital inclusion, ensuring Egypt remains at the forefront of the continent’s evolving tech landscape.
