Egypt has been recognized as one of Africa’s top technology investment destinations for 2024, securing third place in the continent’s tech investment rankings, according to MENA, a partner of TV BRICS. The recognition highlights Egypt’s growing role in Africa’s digital economy.
According to the Information and Decision Support Centre (IDSC) of the Egyptian Cabinet, Egypt attracted $297 million across 89 deals, placing it just behind South Africa, which secured $459 million in 67 deals. Beyond investment, Egypt continues to lead in digital infrastructure, maintaining its top position in Africa for fixed broadband speeds. The country also excels in internet speed, cybersecurity, and overall technological development.
Experts point to Egypt’s expanding digital capabilities and enhanced internet accessibility as key factors contributing to its growing influence in Africa’s tech landscape.
