Egypt deepens high-tech ambitions with Thales

The country said the milestone marks its emergence as a key global hub for IT and business services, supported by a comprehensive national strategy focused on investment and talent development.

The agreement, effective 6 November, will enable Zammit to leverage Zid technologies and digital infrastructure to enhance its operations Egypt.

Hassan Allam Utilities Energy Platform and Infinity Power will collaborate to develop the projects.

The investment is part of a $200 million equity venture aimed at mobilising climate-related financing across five African countries.

The Valu merchant app supports instant payment confirmations, real-time reporting, on-boarding, and a contactless experience.

The new CEO brings more than 30 years of professional experience in telecommunications, information technology, and digital transformation.

The move targets a wide range of customers across applications including VSAT communications, enterprise connectivity, telecoms, and other digital services.

The data centre hub will be owned by a subsidiary, with Helios controlling the majority stake and Telecom Egypt retaining a 20% to 25% holding.

Mahmoud Sofrata joined the Information Technology Industry Development Agency in 2024 as director of ICT markets development.

The country’s Ministry of Communications and Technology believes that AI is rapidly transforming the architecture of global competitiveness, because of this, the nation is determined to not only adapt to this shift – but to shape it.

With the addition of Saudi Arabia, Orange Cash strengthens its international remittance footprint, empowering millions of Africans to send and receive money securely, instantly, and digitally.

According to Telecom Egypt, the cable is designed to carry more than one petabit of data traffic while supporting a number of infrastructure needs.