???? | 2024 Egypt Technology Policy Year in Review
Tahseen Consulting
We're a small team working on big things at the intersection of policy, development, and technology.
Tahseen Consulting revisited #Egypt’s interesting #digitaleconomy policies, trends, and notable headlines from 2024. Here are our picks for the biggest #techpolicy developments. ?
JANUARY
? #SuezCanal revenues ▼ 40%
? Banks limit international card transactions due to #forex crunch
? Telecom Egypt obtains first #5G license
FEBRUARY
? #Egypt seeks $600M+ in industrial #FDI from #Turkey
? ADQ -led consortium invests $35B in #RasElHekma
MARCH
? #EGP slumps 38%+ after biggest-ever rate hike
? Government to invest $1.7B in #ICT, up 49%
? Internet subscriptions ▲ 6M
APRIL
? M&A deals ▼ 60%
? 15-20% annual export growth targeted
? B Investments buys a stake in Orascom Financial Holding
MAY?
? 1st government #datacenter launched
? Central Bank launches the Digital Financial Identity Company
? National Bank of Egypt (NBE) launches instant #remittances
JUNE?
? $20B joint investment platform launched with the UAE
? Agreement on $820M International Monetary Fund loan reached
? Supreme Council for Media Regulation tells #OTT, #satellite platforms to comply with #contentpolicies, 亚马逊 warned
? Banks ▲ #creditcard limits, ▼ commissions?
JULY
? Telecom Egypt and 诺基亚 launch #5G
? Digital exports ▲to $6.2B, up 47% YoY
? BEEAH Group explores $130M+ waste management investment
? e& to ▲ investments by 40%
? Indian investments reach $3.7B
AUGUST
? ~ $2.5B targeted from #IPO program, generated $3.1B so far
? Partnership with UAE's #Fujairah on a $3B Mediterranean logistics zone signed
? #Financialinclusion ▲ to 72%
领英推荐
? 三星电子 , Stellantis expand manufacturing capacity
? Wind farm deal signed with Masdar (Abu Dhabi Future Energy Company)
?SEPTEMBER
? Banque Misr will launch 1st #digitalbank
? Non-oil private sector grew for the 1st time in 3 years, record high interest rates maintained
? National health insurance expands to 8.5M people
? bp and ADNOC Group ramp up natural gas exploration
? Suez Canal Economic Zone (SCZONE) signs 9 deals worth $1B+ at the Forum of China-Africa Cooperation
OCTOBER
? Intro Tech and Oman Data Park planning a $450M #datacenter
? Khazna Data Centers starts scouting for a $250M #datacenter location
? #EV registrations ▲ 2x+
? Thunes enters
? Oversight of The Sovereign Fund of Egypt shifts to the Ministry of Investment and Foreign Trade
NOVEMBER
? 马士基 expects Suez Canal disruption into 2025
? Population hits 107M despite slowing growth
? #ICT makes up ~6% of GDP
? Council for Media Regulation, Press Authority, Media Authority to be formed
? 滴滴 expands #ridehailing services to Hurghada, Ismailia, Suez, Port Said
? Catalyst Partners lists 1st #SPAC on the Egyptian Exchange - EGX
DECEMBER
? ?#Apple Pay launches
? 2nd phase of National #AI Strategy to be launched in 2025
? Stakes in 10 #SOEs to be offered in 2025 including ALEXBANK , Banque du Caire
? MNT-Halan expands to the UAE with salary advances
? Vingroup JSC and Prime Group to invest $1.2B in Indonesian #EV charging
? MrBeast rents pyramids for 100 hours for a video as the EGP hits a record low vs. US$
In case you missed it, here are all of our 2024 year-end wrap ups …
???? | UAE ? https://www.dhirubhai.net/pulse/2024-united-arab-emirates-technology-policy-year-review-ncdhf
???? | Saudi Arabia ? https://www.dhirubhai.net/pulse/2024-saudi-arabia-technology-policy-year-review-tahseen-consulting-hsqhf
???? | Egypt ? https://www.dhirubhai.net/pulse/2024-egypt-technology-policy-year-review-tahseen-consulting-9k3yf/
In case you missed it, here are our other 2024 year-end wrap ups … ? ???? | UAE ? https://www.dhirubhai.net/pulse/2024-united-arab-emirates-technology-policy-year-review-ncdhf ???? | Saudi Arabia ? https://www.dhirubhai.net/pulse/2024-saudi-arabia-technology-policy-year-review-tahseen-consulting-hsqhf