Egypt ranks among Africa’s top five tech investment destinations in 2024
Egypt has been recognised as one of Africa’s leading countries in technology investment for 2024, TV BRICS reports.
According to the Information and Decision Support Centre (IDSC) of the Egyptian Cabinet and MENA, the country secured third place among the continent’s top tech investors, highlighting its expanding role in Africa’s digital economy.
Official data shows that South Africa ranked second with US$459 million across 67 deals. Egypt ranked third, attracting US$297 million in 89 deals.
Egypt is also showing progress in digital infrastructure, maintaining its leading position in Africa for fixed broadband speeds in 2024, as well as being at the forefront of internet speeds, cybersecurity, digital infrastructure, and technological development. The experts also highlight Egypt’s growing digital capabilities and improved internet accessibility.
Earlier, it was reported that Egypt leads Africa in fixed internet speed through digital transformation.
