On April 23, 2019, Amr Talaat (photo), Egypt’s minister of IT and communications, received a delegation of the World Bank and the IFC.
Led by the World Bank’s coordinator of the MENA region Carlo Rossotto, the delegation discussed various strategies to boost the broadband penetration rate in Egypt.
Currently, 3G and 4G technologies are the most used. Recently, Egypt made huge investments in the mobile and fixed broadband. Consequently, the number of mobile internet subscribers is gradually increasing. At the end of Q4, 2018, this number grew from 32.79 million (in Q4, 2017) to 35.06 million.
During that same period, the number of USB modem users decreased from 3.26 million users in Q4, 2017 to 3.21 million in Q4, 2018.
For the fixed segment, optical fibre is gradually replacing copper wire networks.
The meeting of April 23, 2019, falls within the framework of the ongoing collaboration between the World Bank and the IT and communications ministry. This collaboration is namely for the upgrading to Egypt’s broadband strategy, the elaboration of an economic model that should help identify the main sectors to increase the contribution of the IT sector to growth.
World Bank also organized a workshop to present success stories and the investment models (which contributed to transformation via the digital) in the communications sector to Egyptian officials.
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Palm oil futures in Malaysia surged 9%, their biggest one-day gain in three years. The spike follows rising oil prices after escalating tensions in the...
FCMB Group has raised capital to meet the Central Bank of Nigeria’s new requirements. The recapitalization combined a public share offer and a partial...
IFC plans a guarantee facility of up to $50 million for Nairobi-based reinsurer ZEP-RE. The mechanism aims to strengthen the company’s credit...
Côte d’Ivoire has signed an agreement with the National Investment Bank to support diaspora-led projects. The deal includes tailored banking products,...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...