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.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Zijin Gold International produced 13.46 tonnes of gold in Q1 2026, reaching 23% of its annual target. The Akyem mine supported output growth, with...
Edita Food Industries secured a 600 million EGP ($11.5 million) medium-term loan. The company targets capacity expansion in Egypt and regional markets...
Africa’s tourism sector could reach $322 billion by 2035, but growth is constrained by visa fragmentation and weak regional mobility...
Rome Resources raised £1.2 million ($1.6 million) to fund drilling in DR Congo. The company targets tin and copper discoveries near the Bisie mining...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...