CAIRO – 24 February 2025: Egypt is reinforcing its commitment to technology investment and digital transformation, securing its position among the top five African nations investing in technology in 2024, according to the Information and Decision Support Center (IDSC) of the Egyptian Cabinet.
In 2024, Egypt ranked third in technology investments across Africa, with $297 million invested in 89 deals, underscoring its growing influence in the continent’s tech sector.
Nigeria led the rankings, attracting $520 million in 103 deals, while South Africa followed in second place with $459 million across 67 deals. Kenya secured fourth place with $221 million from 59 deals, and Ghana completed the top five, recording $102 million in 17 deals.
Beyond financial investments, Egypt has made notable advancements in the Digital Quality of Life Index 2024, a global measure that evaluates internet speed, cyber security, digital infrastructure, and the overall development of the technology sector. According to a report by Business Africa, based on data from the Surfshark Cybersecurity Company, the index reflects both the quality and accessibility of internet services in various African nations.
A standout achievement for Egypt has been its continued leadership in fixed broadband internet speed across Africa in 2024, according to the Speedtest Global Index. This highlights the nation’s efforts to expand high-speed connectivity and enhance its digital capabilities.
The IDSC emphasized that Egypt’s strong ranking in the digital quality of life index showcases the growing importance of investing in digital infrastructure. By enhancing internet quality, expanding digital access, and strengthening cybersecurity measures, Egypt is cementing its position as a key player in Africa’s technological transformation.
These strategic efforts aim to drive innovation, economic growth, and digital inclusion, ensuring the country remains at the forefront of the continent’s evolving tech landscape.
Mon, Feb. 24, 2025
