Egypt’s Cairo has been ranked 95th in the 2024 Global Innovation Index’s top 100 science and technology clusters, making it the only North African city on the list. This recognition highlights Cairo’s patent activity, scientific publications, and collaboration with global inventors, reflecting Egypt’s ongoing efforts in innovation and technology development.
Samsung Electronics plans to establish Egypt as a regional hub for electronics production and exports, targeting markets in the Middle East, Europe, and Africa. The company’s Beni Suef factory already exports 85% of its television production to 55 countries, creating 5,000 job opportunities and producing 6 million units annually.
The Egyptian Space Agency (EgSA) is launching a joint-stock company for satellite component manufacturing and a marketing company to promote its products. Additionally, EgSA will introduce an online platform for purchasing satellite images, furthering Egypt’s influence in the global space sector and advancing its space technology industry.
Ericsson has partnered with e& Egypt to integrate advanced 20-port antennas, enhancing Egypt’s ICT infrastructure and preparing for 5G. This collaboration supports high-order site sharing, improves network performance, and aligns with Egypt Vision 2030, enabling new opportunities for businesses and consumers through expanded 4G and future 5G capabilities.
Egyptian mobile operators are preparing to launch a Wi-Fi calling service by the end of this year, following regulatory approvals from the National Telecommunications Regulatory Authority (NTRA). The service aims to improve indoor signal strength in crowded areas and tall buildings, with pricing aligned with standard mobile call rates.
KBW Ventures, founded by Saudi Prince Khaled bin Alwaleed, has invested in NoorNation, an Egyptian climatetech startup. NoorNation, which offers decentralized energy and water solutions, was recognized at the PepsiCo Greenhouse Accelerator Programme. This marks KBW’s first investment in Egypt, highlighting a commitment to sustainable technology in emerging markets.
e& Egypt has partnered with Kuwaiti firm Urbnlanes Developments to upgrade ICT and data infrastructure for projects in New Cairo and the New Administrative Capital. The collaboration will introduce advanced digital solutions and expand fiber-optic networks to provide Triple Play services, enhancing connectivity for residents.
Telecom Egypt plans to secure a $150 million loan for debt restructuring, separate from another EGP 18 billion needed due to recent interest rate hikes. This financial strategy follows a report of a 35% increase in annual revenue and significant profit, illustrating the company’s proactive management in a volatile economy.
Egypt ranks fifth globally for affordable internet, with an average cost of $8.31 per month, enhancing its technological accessibility. The country’s advancements in broadband speed and increases in mobile and fixed internet subscriptions highlight its growing digital connectivity, crucial for supporting its youthful population’s potential for innovation.
Egypt has achieved the highest landline internet speeds in Africa and ranks second continentally, fifth globally, for affordable high-speed internet at $8.31 monthly. These advancements, reported by Speedtest and Business Insider, are due to infrastructure upgrades by the Ministry of Communications and the Egyptian Telecom Company using fiber optic technology.
