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 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.
According to the decree, the group's primary mission is to enhance the capacity of startups and the overall entrepreneurial environment to achieve sustainable and accelerated economic growth
The Forum on China-Africa Cooperation end on Friday, accelerating the country's ICT sector’s growth with Egypt’s Information Technology Industry Development Agency (ITIDA) and China signing five major memoranda of understanding (MoUs).
Mobile/e-wallets in Egypt have been increasing in popularity, accelerated by several initiatives from the Central Bank of Egypt (CBE), with the number of mobile wallets climbing to 39.4 million in 2023