Swvl Holdings Corp secures a $6.3 million contract with e& Egypt, enhancing daily transportation in the region. This partnership aims to redefine industry standards, drive societal change, and support sustainable transit solutions, aligning with Swvl’s mission to provide safe and eco-friendly mobility options.
Egypt, Telecom Egypt, ITIDA, and Nokia have signed an MoU to create an IP Excellence Center, boosting Egypt’s digital infrastructure, innovation, and ICT exports. This partnership will enhance network automation, AI advancements, and software development, positioning Egypt as a global IT services hub.
Telecom Egypt and Hungary’s 4iG Group have signed a $600 million, 10-year agreement to build a fiber network in Egypt, providing high-speed internet to six million households. The project supports Egypt’s Vision 2030 and the “Digital Egypt” strategy, enhancing the country’s digital transformation efforts.
ITIDA, Telecom Egypt, and Nokia have signed an MoU to establish an IP Excellence Center in Egypt, expanding Nokia’s operations and boosting Egypt’s ICT services exports. The center will serve 60 countries in the MEA region, leveraging local talent and enhancing Egypt’s role in the global digital ecosystem.
Egypt and Burkina Faso are enhancing digital cooperation, focusing on sharing expertise and developing digital infrastructure. This collaboration aims to support Egypt’s “Digital Egypt 2030” strategy and Burkina Faso’s efforts to modernize public services, fostering technological partnerships and economic opportunities for both nations.
Connect Money, an Egyptian fintech startup, raised $8 million in seed funding to expand in Egypt and Morocco. The funds will support new business verticals and enhance technological capabilities. Founded in 2024, Connect Money offers a white-label card issuing platform and various financial solutions, aiming to transform banking operations in North Africa.
MSMEDA and Telecom Egypt have signed an MoU to support entrepreneurs and startups by offering special mobile and internet packages, integrating them into the formal sector, and enhancing their competitiveness. This collaboration aims to boost digital transformation, productivity, and local and global competitiveness.
Mal Bazaar, an Egyptian insurtech startup, has acquired a licensed insurance brokerage and launched “My Policy,” a digital platform for corporate insurance management. With over 60,000 clients, the company aims to revolutionize the insurance industry through digital transformation and enhance customer experience.
Telecom Egypt and SubCom have completed two cable landing stations in Egypt for the India-Europe-Xpress (IEX) subsea cable system. The stations at Zafarana2 and Sidi Kerir enhance connectivity between Mumbai and Milan, supporting Egypt’s role as a key hub linking Africa, Europe, and Asia.
Vodafone Egypt, in partnership with Ericsson, has deployed a triple-band radio supporting 2G, 3G, 4G, and 5G across multiple spectrums. This innovative technology reduces equipment, enhances network performance, and lowers energy consumption by up to 15%, marking a significant step in Vodafone Egypt’s network modernization and capacity expansion efforts.
