
Egypt’s E-commerce Sector: A Transformative Shift in Retail and Consumer Behavior
Egypt’s e-commerce sector is experiencing rapid growth, driven by increased internet and smartphone penetration, improved logistics, and the rise of digital payments.
Egypt’s e-commerce sector is experiencing rapid growth, driven by increased internet and smartphone penetration, improved logistics, and the rise of digital payments.
resident El-Sisi emphasizes the importance of digital transformation in Egypt, directing efforts to improve communication services and attract investment in ICT.
Huawei’s Developers Competition in Egypt recognized four winning teams for their innovations in smart transportation, healthcare, supply chain optimization, and tourism. The event also marked the launch of the “Huawei Cloud Club” in Egyptian universities, fostering cloud computing, training talent, and supporting Egypt’s digital transformation.
Egypt’s President Al-Sisi met with Prime Minister Madbouly and Minister Talaat to discuss digital transformation initiatives, focusing on improving ICT services, boosting mobile manufacturing, and advancing AI strategies. The government aims to enhance communication coverage, attract international investments, and develop a skilled digital workforce to support national economic goals.
Egypt’s Minister of Communications, Amr Talaat, met with World Bank Vice President Sangboo Kim to strengthen cooperation on digital transformation. Discussions focused on enhancing digital infrastructure, skills, and awareness, aligning with Egypt’s Digital Egypt Strategy. Future collaborations include expanding submarine cables and nationwide internet services to promote digital inclusion.
Egypt’s Minister of Communications, Amr Talaat, met with World Bank Vice President Sangboo Kim to discuss enhancing digital transformation. The meeting highlighted expanding digital infrastructure, improving digital skills, and increasing awareness. Key initiatives include fiber optics, submarine cables, and nationwide internet services to ensure broader digital inclusion and governance.
Egypt’s Minister of Communications, Amr Talaat, met with World Bank Vice President Sangboo Kim to discuss advancing digital transformation. They focused on enhancing digital infrastructure, skills, and awareness, including expanding fiber optics and digital services in rural areas. Future collaboration will include AI, data governance, and internet access expansion.
Egypt has invested EGP 10bn to upgrade the digital infrastructure of public universities, including the launch of Egypt’s first generative AI pilot at Ain Shams University. This initiative aims to enhance student skills and foster digital transformation in higher education, aligning with Egypt’s broader strategy for Vision 2030.
Apple Pay has officially launched in Egypt, enabling users to make secure, contactless payments using Apple devices. The initial rollout includes partnerships with major banks like the National Bank of Egypt, Banque Misr, and CIB. This marks a significant step toward Egypt’s digital payment transformation and financial inclusion.
Egypt has achieved a 181% increase in financial inclusion between December 2016 and June 2024, expanding financial access to 48.1 million citizens. MSMEs have also seen substantial growth, with microfinance funding rising 1,350%. Efforts include expanding financial technology and supporting women’s empowerment and public service improvements.