A modern landscape image representing the collaboration between Huawei and Orange Egypt on advanced telecommunications technology. The image should fe

Huawei and Orange Egypt Pioneer First Bare Metal Container Deployment in Egypt

Huawei and Orange Egypt have implemented the first Bare Metal Container in Egypt, enhancing their long-term collaboration. This deployment of Huawei’s virtual Evolved Packet Core (vEPC) supports seamless mobile network convergence and advances Egypt’s digital transformation. The partnership underscores both companies’ commitment to innovation and aligns with Egypt’s 2030 Vision.

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A dynamic scene representing the growth and success of Egyptian fintech Lucky ONE. The image features elements of digital finance, investment growth,

Lucky ONE Secures $3 Million in Funding to Drive Growth and Profitability by 2025

Egyptian fintech Lucky ONE has raised $3 million in a convertible note, aiming for profitability by Q1 2025. The funds will expand its credit lending services, aligning with Egypt’s financial inclusion goals. Co-founders Momtaz Moussa and Ayman Essawy emphasize sustainable growth, with plans for regional expansion and a comprehensive financial services offering.

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A dynamic scene showcasing the inauguration of the Cellular Tower Manufacturing Center by the Arab Organization for Industrialization (AOI) in Egypt.

AOI Localizes Cellular Tower Manufacturing in Egypt

### AOI Localizes Cellular Tower Manufacturing in Egypt

The Arab Organization for Industrialization (AOI) has inaugurated the Cellular Tower Manufacturing Center at its Aircraft Factory, marking a significant step in localizing the manufacturing of cellular towers in Egypt. Mokhtar Abdel Latif, Chairperson of the AOI, led the inauguration, which was attended by Abdul Rahman Osman, General Manager of AOI; Tarek Hassan, Chairperson of the Aircraft Factory; and several industry leaders.

This initiative is part of AOI’s ongoing efforts to localize technology, increase the percentage of local manufacturing, and produce items under the “Made in Egypt” banner. Abdel Latif highlighted the focus on localizing mobile phone communication tower technology and upgrading production lines with the latest digital manufacturing machines. The center features some of the world’s most advanced production lines for angle forming and cutting, with engineers and technicians trained to the latest Fourth Industrial Revolution standards.

The Aircraft Factory of AOI has successfully achieved 100% local manufacturing of mobile phone communication towers. The factory has begun supplying towers to Etisalat&e, fulfilling the company’s increasing demands. By June 2024, 67 communication towers had been manufactured and supplied to Etisalat&e, with 70 more towers in production for delivery by the end of September 2024.

Abdel Latif noted ongoing coordination to sign memorandums of understanding with Telecom Egypt and other major telecom companies to expand mass production of communication towers. He emphasized AOI’s commitment to enhancing cooperation with all Egyptian telecom companies and developing integrated smart solutions in design, manufacturing, and assembly, driven by Egyptian creativity and national manufacturing capabilities. This initiative aims to meet local market needs and expand exports to African and Arab countries.

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A vibrant scene depicting fintech innovation and investment. The image features digital financial symbols, a growing graph, and a collaborative team e

Qardy Secures Significant Investment to Expand Digital Lending Marketplace

Egyptian fintech Qardy raised a seven-figure pre-seed round from White Field Ventures, Vastly Valuable Ventures, and angel investors. Founded in 2022, Qardy connects MSMEs with financial institutions. The investment will enhance Qardy’s platform, expand services in the MENA region, and accelerate growth in KSA, emphasizing transparency and customer satisfaction.

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A modern digital illustration showcasing Egypt's new digital platform for diaspora academics. The image features elements like a digital network, academic

Egypt to Launch Digital Platform for Diaspora Academics to Boost Higher Education and Research

Egypt will launch a digital platform to engage diaspora academics in national higher education and research strategies. The JESOR-D Initiative will facilitate collaboration with experts abroad, addressing local development challenges and promoting sustainable growth. This platform aims to turn brain drain into brain gain, enhancing Egypt’s academic and research capabilities.

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A modern digital illustration celebrating Vodafone Egypt's top ranking in network performance. The image features Vodafone's logo, a trophy, and icons

Vodafone Egypt Tops Umlaut’s Network Performance Rankings

Vodafone Egypt has been ranked first in Umlaut’s latest network performance reports, covering November 2023 to April 2024. The company achieved top scores for mobile and fixed broadband performance. This recognition aligns with Vodafone Egypt’s commitment to customer satisfaction and continuous investment in network infrastructure to ensure reliable, high-quality connectivity.

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A professional and modern illustration depicting the partnership between Valu and Truecaller. Include elements like secure communication, financial tech

Valu Partners with Truecaller to Enhance Customer Safety and Business Communication

Valu, MENA’s leading financial technology company, has partnered with Truecaller to enhance customer safety and business communication. By adopting Truecaller’s Verified Business Caller ID solution, Valu aims to provide secure, verified interactions, fostering trust and efficiency. This collaboration underscores Valu’s commitment to leveraging advanced technology for improved customer experience and financial inclusion.

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