EGBANK, Network International sign a strategic digital alliance

The two companies have signed a partnership to introduce 5G in key Egyptian cities.

Cloudmania says its expansion into Egypt demonstrates trust in the country's economy, following Liquid C2's debut in the North African country a year ago.

The multi-million dollar infrastructure deal was this week signed on the second day of the Egypt-EU Investment Conference launched by the president of Egypt El Sisi and EU president Ursula Von Der Leyen.

ElGameya is aiming to modernise the traditional Rotating, Savings, and Credit Association model of transacting through digital innovation.

The undersea system landed in Egypt at two cable landing stations: Zafarana2 in the Red Sea and Sidi Kerir on the Mediterranean, connecting two seas and continents.

The telco says  one single radio unit will reduce the cost of Vodacom’s 4G/5G network rollout in the country.

The loan from UAE’s Banque Misr will be used by Telecom Egypt to drive its refinancing strategy.

The cooperation is set to provide consumers with access to credit for larger ticket items and help retailers improve sales.

The company says initial assessments suggest that the disruption to the subsea cable occurred within the vicinity of the Red Sea, and other cables in the area appear to have also been impacted.

Following e&’s strategic pact with Vodafone Group, e& Group CEO, Hatem Dowidar, will join the Vodafone board as a non-executive director.

The companies announced their agreement, stating that LogRhythm technologies will be integrated into eFinance's cloud computing platform.

The new installation is housed in Telecom Egypt's Regional Data Hub, the company's largest international, Tier III data centre.