Egypt leads Africa in fixed internet speed through digital transformation
Egypt has emerged as the top African country in fixed internet speed, a milestone attributed to the government's ongoing digital transformation and infrastructure development, according to Abdel Wahab Ghoneim, Vice Chairman of the Arab Federation for Digital Economy, according to Kazinform International News Agency.
Ghoneim highlighted the growing impact of digitalisation on the global economy, noting that the worldwide digital economy has now reached a value of US$55 trillion.
According to Elbalad TV, he emphasised that Egypt's rapid digital expansion has significantly improved internet connectivity, solidifying its position as a leader in Africa.
He also pointed out that Egypt is witnessing continuous growth in outsourcing and digital service exports, having attracted around 55 digital service companies. This expansion aligns with global trends influenced by the Fourth Industrial Revolution, which is reshaping industries worldwide.
Ghoneim further noted that Egypt is investing in human capital development, with 200,000 young professionals trained in artificial intelligence and digital technologies. He stressed that the country remains committed to equipping its workforce with the necessary skills to accelerate digital transformation and enhance economic competitiveness.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al-Ahram Weekly
3 hours ago
- Al-Ahram Weekly
Chinese Trina Storage completes Egypt 1st utility-scale solar facility in Aswan - Energy
Trina Storage, a subsidiary of global solar giant Trinasolar, announced on Tuesday the completion of a 300 MWh battery energy storage system (BESS) in Aswan Governorate, Egypt's first integrated solar and battery storage facility, according to a statement by the Chinese company shared with Ahram Online. The project, developed in partnership with Dubai-based AMEA Power, was delivered in just 60 days, ahead of its scheduled commercial operation date. It set a new regional benchmark for large-scale energy storage deployment across North Africa. The newly commissioned BESS is co-located with AMEA Power's 500 MW solar PV plant, which began operations in December 2024. The combined facility is expected to enhance the resilience of Egypt's national electricity grid and ensure reliable solar power delivery beyond daylight hours. 'Faced with high desert temperatures and a complex grid environment, we successfully completed the project — from installation to grid connection — in just two months,' said Vincent Wu, Global Sales vice president and MEA MU head at Trinasolar. 'This achievement demonstrates not only our technological capabilities but also our commitment to fast and reliable project execution in support of Egypt's energy stability,' he added. The energy storage system, built on Trina Storage's advanced Elementa 2 platform, includes in-house-manufactured LFP battery cells and a full-stack solution from DC compartments to the AC interface, enabling direct connection to the national grid. The system is tailored for harsh desert climates, boasting high energy density, modular design, liquid cooling, and safety-driven engineering. Chairman of AMEA Power Hussain Al Nowais described the facility as a 'landmark' for Egypt's renewable energy ambitions. 'We are proud to bring this project online, which significantly strengthens the resilience of Egypt's power grid,' Al Nowais said. 'This milestone reaffirms our commitment to innovation and sustainability in Egypt and across the African continent.' According to the statement, the rapid delivery was made possible through close coordination between Trina Storage's global technical teams and local partners, as well as early-stage customization to adapt to the local environment. The project is part of Egypt's broader Vision 2030 strategy, which aims to generate 42 percent of the country's electricity from renewable sources by 2035. The integration of large-scale energy storage is seen as a key enabler for this goal, allowing for greater flexibility and reliability as renewables are added to the grid. Trina Storage's involvement in Egypt underscores its growing footprint across the Middle East and Africa, positioning the company as a strategic partner in the region's accelerating energy transition. Follow us on: Facebook Instagram Whatsapp Short link:
Egypt Independent
4 hours ago
- Egypt Independent
The world's largest sovereign wealth fund withdraws its investments from Israel
Norway's sovereign wealth fund, the world's largest with total assets exceeding US$ 1.6 trillion, announced the divestment of several Israeli companies, an unprecedented move that reflects a shift in the fund's policies toward Israel. According to the fund's official website, an interactive map shows its investments in each country, and until recently, the fund's investments in Israel were substantial, with data revealing that it had pumped more than 16.2 billion Norwegian kroner (approximately $1.6 billion) into the Israeli market, compared to only 973 million Norwegian kroner (approximately $96 million) into Egypt. Eleven Israeli companies have been directly impacted by the Norwegian sovereign wealth fund's decision, particularly Bet Shemesh Engines Holdings, a company operating in the aerospace and defense sector and listed on the Tel Aviv Stock Exchange. Despite the announcement of the withdrawal, the company's stock closed up +3.40 percent, according to Market Screener, indicating that the market has yet to fully absorb the impact of the decision, or that local investors have rushed to fill the void. Other prominent companies impacted by the Norwegian Wealth Fund's decision include: Elbit Systems, a defense industry and technology company. Ashtrom Group, a construction and real estate development company. Delek Group, one of Israel's largest energy companies. Shuversal, Israel's largest retail chain. Veronique International (Electra), an infrastructure and contracting company. Mounting European pressure on Israel Israel has been facing significant European pressure recently, with France and Britain threatening to announce their recognition of a Palestinian state during the upcoming UN meetings in September. Meanwhile, Germany announced a halt towards invest in any Israeli companies involved in the war on the Gaza Strip.
See - Sada Elbalad
4 hours ago
- See - Sada Elbalad
Tunisian Startup Revolutionizes Prosthetics with AI-Powered Bionic Limbs
Israa Farhan A Tunisian medtech startup based in the coastal city of Sousse is transforming the future of prosthetics by developing lightweight, AI-powered bionic arms that combine cutting-edge engineering with affordability. Founded in early 2020 by engineer Mohamed Dhaouafi, Cure Bionics produces 3D-printed prosthetic limbs controlled by muscle signals through advanced electromyography (EMG) sensors. The company's mission is to make high-quality prosthetics accessible, particularly for children, at a fraction of the cost of imported alternatives. Dhaouafi said the idea was born during his studies at the National Engineering School of Sousse, when a student competition led to a life-changing project. A teammate's relative was born with a congenital limb difference but could not afford a prosthetic until she was 20, and even then, the options were prohibitively expensive or unavailable locally. This inspired the team to design affordable, high-performance bionic limbs and rehabilitation solutions. Unlike traditional prosthetics, which can cost up to 50,000 US dollars and take months to manufacture, Cure Bionics' arm prostheses are ready within a week and priced around 8,000 US dollars. Intensive care medicine professor Amine Allah Massadi from the University of Tunis notes that these bionic limbs deliver advanced technical performance at 50% or more below the cost of comparable foreign products. Inside the company's lab, engineers scan patient limbs using the Myo Finder device, which reads EMG signals in real time. Users, like Yassine Jarsa, train via the Myo Link mobile app, which simulates bionic hand control in 2D before fitting the actual device. The company's flagship prosthetic arm, named Hannibal, offers a suite of features tailored to amputees' needs. It includes a rotating wrist joint, an adjustable socket, magnetic charging to eliminate battery removal, and tactile feedback for partial sensation restoration. With a simple mode-switch button, users can alternate between assistive and automatic functions, lock movement, and even feel vibrations that simulate touch. read more UAE's Lunar Mission Delayed to Tomorrow Twitter Lifts Trump's Account Ban Scientists Find Evidence Of 10،000 Black Holes Surrounding The Center Of The Milky Way Galaxy Greenhouse In Antarctica Able To Grow Vegetables Without Soil Or Sunlight Moving Over China: U.S. Is Again Home to World's Speediest Supercomputer Technology The 10 most expensive cars in the world Technology Top 10 fastest cars in the world Technology Lasers Could Make Computers 1 Million Times Faster Technology Smart technology taking control of our lives Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani
