Egypt: Latest News
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.
Peter Pedroncelli, 10:14 am AFKI Original
Africa is home to some of the strongest militaries in the world, with one North African country in particular featuring in the top 10 of the global list. Global Firepower produces an annual military ranking that takes into account 50 factors to determine a list of the most powerful armies in the world from a selection of 133 countries. Here are the 13 African countries with the strongest militaries.
Staff, 8:25 am
For a young Youssri Helmy, it was a Tandy Radio Shack 80 that first piqued his curiosity in technology. For Wael Amin, it was the Commodore 64 that he received when he was four years old. Youssri and Wael developed a passion for using technology to solve some of the world’s toughest problems, and put that passion to work by founding an Egyptian technology company called ITWORX, a firm that would grow to employ over 800 people with 8 offices. For Youssef Aly, it was an MSX computer he programmed.
Peter Pedroncelli, 7:05 am
Facebook plans to roll out its Developer Circles initiative in four cities across South Africa, which serves to allow members to interact and learn about developing on the social media platform. The free community-driven initiative will now be available to developers in Johannesburg, Cape Town, Durban and Pretoria. Developer Circles members meet up on a regular basis to discuss projects that they are working on and assist each other in solving problems.
Peter Pedroncelli, 6:02 am
Google’s emerging markets startup accelerator, Launchpad, has expanded to seven additional African countries from the original three eligible for the program since May of this year. This means that growth stage startups in Algeria, Egypt, Ghana, Morocco, Tanzania, Tunisia, and Uganda can now apply to be part of the accelerator program. Previously the only three African countries considered for applications were South Africa, Kenya and Nigeria.
Kurt Davis Jr., 5:02 am AFKI Original
Political angst and turmoil combined with terrorism has slashed tourism in numerous countries across the world, including on the African continent, and countries are desperate to reignite tourism after the damage dwindling numbers have caused. But Tunisia, Kenya, and Egypt are now overcoming the issues that have plagued their countries in an effort to see tourism numbers return, and early signs are good. Much still needs to be done, but these three nations are on the right track.
Staff, 7:45 am
African space programs are nothing new. In 1964 Edward Mukuka Nkoloso, self-appointed director of Zambia’s national space program, wanted to beat the USA and the Soviet Union in the space race, and landing a Zambian on the Moon. Using unconventional techniques, such as spinning students around a tree in an oil drum, Nkoloso trained 12 astronauts. He was unsuccessful. Fortunately Africa’s space programs now look much more promising. In the last decade the continent has entered a space race.
Peter Pedroncelli, 6:06 pm AFKI Original
There are 25 African billionaires who can stake their claim among the estimated 2,043 dollar billionaires worldwide that make up the richest of the rich. A number of the African billionaires have earned some of their wealth thanks to tech and related industries, with the modern digital world contributing revenues that have helped them to grow their personal net worth to billionaire status.
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