A dynamic scene showcasing Egypt's ICT sector advancements, with digital innovation centers, fiber optic cables, and modern mobile towers. The background

Egypt Targets ICT Sector Growth to 8% of GDP by 2030

Egypt plans to boost its ICT sector’s contribution to GDP from 5.8% to 8% by 2030. Minister Amr Talaat emphasized strategic collaborations and investments in submarine cables, cloud computing, and local mobile manufacturing. Initiatives include training programs for 500,000 ICT professionals annually, expanding digital innovation centers, and enhancing digital infrastructure, including broadband coverage and fiber optic networks, to support these goals.

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A high-quality image representing the expansion of an Egyptian fintech startup, Connect Money. The image features a modern cityscape with business pro

Connect Money Secures $8 Million Seed Funding to Fuel Expansion in Egypt and Morocco

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.

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