The seven-year loan will primarily be used to refinance existing short-term obligations in Egyptian pounds, helping the company align its liabilities more closely with its income.
The total value of 5G licenses awarded to mobile companies operating in Egypt—Vodafone Egypt, Orange, and e& Egypt —reached $675 million, explained Talaat, under the same conditions as the license signed with We earlier this year
In a notification sent to creators utilizing services such as AdSense, YouTube’s AdSense, AdMob, or Google Ads Manager, the company stated, “We will no longer pay earnings in US dollars in Egypt.”
African startups left this year’s Global Startup Awards (GSA) finals with 4 awards, including an Egyptian startup, celebrated for their vision, resilience, and contributions to advancing technology and entrepreneurship on a global scale
“The echoes of skepticism about recent [tech] developments are looming large, but in Egypt, I also assure you that the sounds of hope are thunderous,” the minister explained.