Egyptian fintech enza secures $6.75m investment

The training initiative will start taking applications in April, and is expected to be a ‘cornerstone’ in the country’s digital transformation.

The agreements, at around $297 million, aim to support the launch of 5G and improve existing fixed internet service contracts.

AITA will deliver in-flight connectivity services to all Egyptian airlines, utilising SKYFive's A2G technology, which has been successfully deployed across Europe.

The telco reported significant commercial momentum in Egypt, with a 40.7% growth in financial service subscribers to 10.5 million and a 25.6% increase in data traffic.

According to e& Egypt, the agreement reflects a shared vision of leveraging AI-driven network technology for next-generation advances in telecoms.

The move enables Telecom Egypt to maximize the potential of its subsea assets on the 2Africa subsea cable, enhancing the efficiency of its the cable operations.

The project seeks to power over one million homes while reducing carbon emissions by around 2.5 million tonnes per year.

The 2024 Community Reach Program (CRP) focused on women in technology, with 115 women-led applications received.

Konecta will commence operations and establish headquarters in New Cairo with a $100 million investment.

According to the fintech company, the new card is aimed at individual users such as permanent and temporary workers for businesses, freelancers, and suppliers.

This comes after four major mobile operators completed the technical tests required to use the eSIM.

Cassava Technologies says the partnership will accelerate the adoption of digital solutions in Egypt and the MENA region.