Egypt: Latest News
Peter Pedroncelli, 6:15 am AFKI Original
The winners of the Appsafrica.com Innovation Awards 2017 were recently crowned, with a number of mobile apps recognized in various categories. The awards celebrate the best in mobile and tech ventures from across Africa. The annual awards attracted over 300 submissions from across 31 countries judged by an independent panel of leading industry experts, with the winners announced at the awards party in Cape Town last week.
Staff, 10:00 am
How do New York Times journalists use technology in their jobs and in their personal lives? Declan Walsh, The Times’s Cairo bureau chief, discussed the tech he’s using. What tech is most important for you to do your job as our correspondent in Egypt? A dented, screen-cracked iPhone is the center of my work. When I started out as a foreign correspondent 18 years ago, in Kenya, I carried a small satchel that held a tape recorder, a camera, an address book, a map and perhaps a shortwave radio.
Staff, 8:37 am
Scientists say they have found a hidden chamber in Egypt’s Great Pyramid of Giza, in what would be the first such discovery in the structure since the 19th century. In an article published in the journal Nature, an international team said the 30-mete void within the pyramid is situated above the structure’s Grand Gallery, and has a similar cross-section.The purpose of the space is unclear, and it’s not yet known whether it was built with a function or if it’s a gap in the pyramid’s architecture.
Tom Jackson, 10:08 am AFKI Original
It was not so long ago that Uber was riding the crest of a wave in Africa, seeing off initial competition from the likes of Snappcab and Zapacab in South Africa, as well as well-funded pan-African competitor Easy Taxi. Yet Uber can now see that the playing field is getting more congested, and its new rivals have more backing than the local clones it had to deal with when it first arrived on African shores.
Staff, 8:47 am
Africa is on fire. That has nothing to do with climate change, but with investor interest and technology momentum. Life expectancy in Africa increased eight years and this burst of life is being replicated in its tech ecosystems.From Cairo to Kigali, Cape Town to Lagos, Nairobi to Accra and Kampala to Dakar, tech hubs are rising faster than the cities that contain them. African software company Andela raised $40 million to connect Africa’s engineering talent into the global technology ecosystem.
Peter Pedroncelli, 5:41 am
E-commerce giant Jumia have expanded their online small business loans program to more markets across the African continent. Jumia, Africa’s first startup unicorn, has extended the program they launched in May, providing the small scale loans to merchants in all of the African countries in which it operates. Jumia has partnered with San Francisco-based mobile lender Branch to provide the loans to vendors, with the program proving successful in Kenya since May.
Peter Pedroncelli, 5:13 am
Uber is committing itself to the Egyptian market despite economic difficulties in the country, announcing a new support center in the capital that will see an investment of $5 million. The taxi-hailing startup has launched a support center in Cairo, with $5 million set to be spent on the project over the next five years, creating employment for 700 Egyptians as a result. Uber had two million users and provided jobs for 60,000 drivers in Egypt last year.
Staff, 2:40 am
Uber is committed to Egypt despite challenges presented by sweeping economic reforms and record inflation, the company said as it announced $20 million of investment in its new center in Cairo. The Egyptian pound has lost half its value and fuel prices have jumped by up to 50 percent since the North African country floated the currency in November as part of reforms demanded by the IMF in exchange for a $12 billion loan aimed at reviving the economy. Egypt has been luring back foreign investors.
Staff, 8:32 am
An Egyptian tech school is shattering stereotyping in tech by enabling more women to learn programming, coding, and elements of building websites. AlMakinah initiated a program for women, “The Women in Tech Track,” with the aim of addressing the imbalances in gender. “The program includes sessions on front-end web development, data visualization, digital marketing and workshops on confidence and resilience and talks by industry experts about the tech field,” Hoda Hamad, program manager, said
Peter Pedroncelli, 6:38 pm AFKI Original
The World Bank Group is committed to supporting the growth of Africa’s digital economy through XL Africa, a business acceleration initiative that is providing a raft of benefits for the 20 most promising startups in sub-Saharan Africa. These African digital entrepreneurs have an opportunity to be mentored by various global specialists, increase their visibility on the continent and receive access to corporate partners and investors.
- Real Estate