Egypt’s Minister of Communications and Information Technology, Amr Talaat, met with Shameel Joosub, CEO of Vodacom Group, Mohamed Kamal Abdallah, CEO of Vodafone Egypt, and a South African delegation including officials from the Public Investment Corporation (PIC) and the Government Employees Pension Fund. The meeting focused on attracting investment to Egypt’s ICT sector and exploring partnership opportunities for advancing digital transformation.
The discussions emphasized several key ICT initiatives, including upgrading digital infrastructure, building digital capacity, supporting technological innovation, and expanding Egypt’s IT and electronics industry. The meeting was also attended by Mohamed Shamroukh, Executive President of the National Telecom Regulatory Authority (NTRA).
Minister Talaat stressed the Ministry of Communications and Information Technology’s (MCIT) commitment to creating an investment-friendly environment. This includes establishing strong governance frameworks to attract foreign investment while ensuring high-quality digital services for Egyptian citizens. He highlighted MCIT’s partnership with the private sector to carry out key projects and build digital skills among young people, aligning them with market demands.
Talaat pointed out that Egypt’s strong digital infrastructure and skilled workforce provide a competitive advantage in attracting investment, particularly in the offshoring industry. He also discussed efforts to enhance telecom services, expand internet access, modernize post offices, and promote digital literacy through the Decent Life initiative in rural villages.
Joosub shared Vodacom Group’s plans to increase investment in Egypt, citing the improved investment climate and the wealth of opportunities in digital transformation. He also highlighted foreign investors’ confidence in Vodacom’s presence in Egypt through Vodafone Egypt, reaffirming their commitment to delivering advanced solutions tailored to the local market’s needs.
Vodafone Egypt’s CEO also underscored the company’s role in attracting investments by contributing to infrastructure development and digital transformation. These initiatives, he noted, enhance the business environment, drive foreign direct investment (FDI), and contribute positively to Egypt’s GDP.
The South African investment delegation expressed their interest in investing in Egypt, particularly in data centers and cybersecurity, and praised the significant improvement in Egypt’s investment climate. The PIC, a leading asset management firm in Africa, and members of the South African Government Employees Pension Fund Board of Trustees also attended the meeting, reaffirming their intention to invest in Egypt’s growing ICT market.
