Egypt: Latest News
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.
Staff, 1:32 pm
From the Giza pyramids to the pharaonic tombs of Luxor, Egypt’s ancient monuments are holding onto mysteries which researchers aim to unravel with cutting-edge technology. For more than 200 years since Napoleon Bonaparte landed in Egypt with a retinue of scholars who laid the groundwork for modern Egyptology, experts have used science to unlock the secrets of the country’s ancient treasures. In the 21st century,scientists have been using electronic devices and chemical testing to date artifacts.
Tom Jackson, 3:00 am AFKI Original
The tech scene in North Africa is booming once again, with investors interested in backing startups across Egypt, Morocco and Tunisia. Venture capital firms are flooding back into Egypt, from 500 Startups to the IFC to Algebra Ventures, and after years of being denied access to funds, Egyptian tech startups are now swimming in them again. The story is equally positive for Morocco and Tunisia, and the region’s tech future looks bright once again.
Staff, 1:28 pm
Chinese technology companies hungry for expansion are diving into the less-developed African continent, where several countries are targeting double-digit economic growth. Iginio Gagliardone, a lecturer in media studies at the University of Witwatersrand in South Africa, told CNBC that the Middle Kingdom’s expansion into Africa has been pronounced over the past four to five years. “China is everywhere,” Gagliardone said, though he noted that its presence was stronger in certain markets.
Tom Jackson, 6:55 pm AFKI Original
Africa as a continent must do better with regards to cybersecurity. With cybercrime on the increase globally, and recent major attacks such as WannaCry, more must be done to secure cyberspace in the continent that has been especially poor at doing so. According to the recent 2017 Global Cybersecurity Index, only two countries on the continent – Mauritius and Egypt – are in the leading stage of demonstrating high commitment to cybersecurity.
Peter Pedroncelli, 4:27 am
Three African innovators have been awarded prizes for the impressive innovations that they have conceived and brought to life, as part of the Innovation Prize for Africa 2017. Aly El-Shafei of Egypt was selected as the grand prize winner, with Philippa Ngaju Makobore of Uganda securing the second prize, and Dougbeh-Chris Nyan of Liberia winning the special prize for social impact. The three winners saw their efforts in creating healthcare and energy efficiency-related solutions acknowledged, with prize-money rewarding their hard work and ingenuity.
Staff, 10:25 am
VCs and startup founders rarely pay attention to slow-moving but powerful macro global events, especially with so many fast-moving things to focus on at the micro level, like technology, teams, and trends. While VCs and startup founders often are the earliest to know about technological advances bubbling from the bottom up (while public-market hedge fund and global macro investors find out about them only later), they often are the last to know about global macro forces that may impact them.
Staff, 9:50 am
The second edition of the Global Cybersecurity Index 2017, released earlier this week by the International Telecommunications Union (ITU), an agency of the United Nations, measured the commitment of ITU Member States to cyber security and highlighted a number of illustrative practices from around the world. The survey measures the commitment of countries to cyber security based on five pillars namely: legal, technical and organizational measures, capacity building and international cooperation.
Staff, 9:43 am
The first-ever Egyptian-made mobile phone was unveiled on local TV show Sabah Al Khair ya Masr. The Egyptian Minister of Communication and T echnology Yasser al-Qady unveiled the Egyptian-made 4G phone, expressing his congratulations to Egyptians and asserting that this cell phone is enhanced by great capabilities and will be sold at a competitive price. Al-Qady added that the government is following a strategy based on affording governmental services through high-technology standards.
Staff, 10:43 am
Africa is known as the motherland, the birth of mankind, where it all began. Yet for many years it has also been called the “dark continent” due to the rate of development of many countries. This perception is changing quickly, with hundreds of tech hubs, who are creating cutting-edge technology products and services, popping up all over the continent, making the rest of the world take notice. A tech hub is an area of IT landscape by which people come together and breed innovations.
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