Telecom

Egypt Explores New ICT Investment Avenues with Vodacom Group and South African Delegation

Egypt Explores New ICT Investment Avenues with Vodacom Group and South African Delegation
Wednesday, 16 April 2025 09:43

This meeting marks a milestone in Egypt’s growing digital maturity and attractiveness to international capital. Through strategic public-private collaboration, the country is well-positioned to lead Africa’s next wave of digital growth, driven by innovation, connectivity, and talent.

Egypt’s Minister of Communications and Information Technology, Dr. Amr Talaat, met with Mr. Shamil Josub, CEO of the global Vodacom Group, and Mr. Mohamed Kamal Abdullah, CEO and Managing Director of Vodafone Egypt, alongside a high-level delegation from South Africa. The meeting, announced on April 14, focused on exploring investment opportunities in Egypt’s ICT sector and enhancing cooperation between both countries.

Dr. Talaat emphasized Egypt’s commitment to building a favorable investment climate through robust governance, regulatory reforms, and active private sector engagement. “Egypt’s strong digital infrastructure and skilled workforce make it a prime destination for ICT investments,” he said, highlighting the country’s strategic efforts to boost digital transformation, promote technological innovation, and strengthen the electronics and outsourcing industries.

The South African delegation included officials from the Public Investment Corporation (PIC), an asset manager that manages a diverse investment portfolio across the continent, and the Government Pension Fund.

Mr. Josub praised the investment climate in Egypt and expressed Vodacom’s intent to grow its presence in the market. “Egypt offers tremendous potential in digital transformation and infrastructure development,” he said.

The South African delegation expressed optimism about Egypt’s investment prospects, particularly in data centers and cybersecurity, and signaled intent to begin formal steps toward entering the local market.

Egypt is actively positioning itself as a leader in the digital economy. The country ranks ninth out of 47 African countries in ICT development, according to the International Telecommunication Union (ITU), earning a score of 76.8 out of 100. The ranking underscores the country’s growing digital readiness and competitiveness on the continent. It strengthens its case as a prime destination for international digital investment.

By attracting multinational players like Vodacom and engaging with large investors like South Africa’s Public Investment Corporation (PIC), Egypt is signaling its readiness for high-value, cross-border digital partnerships.

Hikmatu Bilali

On the same topic
Cameroon invested $45.2-54.2 million in fiber optic infrastructure, but it remains largely underutilized. Consumers continue to report...
Mauritania warns three telecoms over poor service in 62 locations Demands compliance in 30 days or face new sanctions Operators previously...
AXIAN and four VCs poured €3M into Nucleon to expand AI cyber-defenses across Africa. Nucleon’s self-learning Zero-Trust platform already...
• Morocco, Mistral AI sign deal to boost local AI expertise• Partnership targets training, research, and ethical AI adoption• Strategy aims for 270,000...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
03

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
04

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
05

Even though it remains the smallest "crypto-economy" in the world, sub-Saharan Africa shows that vir...

Sub-Saharan Africa Crypto Transactions Up 52% to $205B on Inflation, Inclusion Push
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.