Telecom Egypt (ETEL) has signed a cooperation protocol with urban developer Madinet Masr to provide integrated communications and smart city services. This includes landline, high-speed internet, IP TV services, mobile signal booster stations for improved network coverage, sales outlets, and public Wi-Fi services in all Madinet Masr projects.
Cellulant, a payments fintech company, has gained initial approval to operate as a Payment Service Provider in Egypt. This move allows it to offer versatile payment solutions for B2B and B2C transactions. The expansion comes as Egypt sees a surge in fintech services and changing consumer payment preferences, with Cellulant poised to enhance its presence in Africa’s evolving payment landscape.
Huawei is set to unveil its latest ICT innovations at Cairo ICT, aimed at supporting Egypt’s digital transformation in line with the country’s 2030 vision. The focus will be on intelligent, sustainable technologies, marking the 5th anniversary of “Cairo OpenLab” and signing multiple MOUs for digital transformation.
The 27th Cairo ICT, a major technology event in the Middle East and Africa, kicked off in New Cairo. The four-day event includes discussions on cybersecurity, AI in banking, and the impact of 5G on smart cities. It features participation from five Egyptian ministries, over 400 companies, and 200 speakers. The event highlights Egypt’s role as a technology hub and includes the success story of the InstaPay app.
Telecom Egypt (ETEL) reported a 48.26% year-on-year increase in net profit for the first nine months of 2023, reaching EGP 9.148 billion. This growth is reflected in both its consolidated and standalone financial statements, with significant rises in operating revenues and net profits, underscoring the company’s strong position in the telecommunications sector.
Taly, backed by Banque du Caire, is set to launch new digital payment platforms for corporate and individual users as part of its expansion strategy. The company, which already provides payment solutions to merchants, is enhancing its services with a focus on digital transformation and security, and aims to significantly increase its customer base and transaction volume.
Egypt’s Ministry of Petroleum partners with Huawei on three key agreements to advance digital transformation in the oil and gas sector, focusing on training, green energy solutions, and data centers.
Huawei and UNESCO’s TeOSS project, supporting digital education, marks significant progress in Egypt, Ghana, and Ethiopia, focusing on enhancing educators’ digital skills and establishing a National Distance Learning Centre in Egypt.
Egypt’s National Telecom Regulatory Authority (NTRA) has been awarded the highest ranking in the ITU’s G5 Benchmark for regulatory performance, highlighting its success in collaborative regulation for digital transformation.
The American University in Cairo (AUC) and Egypt’s Ministry of Communication and Information Technology (MCIT) have signed a protocol that…
