Egypt Ranks 3rd in Africa for Tech Investments in 2024

Egypt has been recognized as one of Africa’s top technology investment destinations for 2024, according to MENA, a partner of TV BRICS, which referenced global rankings.

As reported by the Information and Decision Support Centre (IDSC) of the Egyptian Cabinet, the country secured third place among Africa’s leading tech investors, underscoring its growing influence in the continent’s digital economy.

Official figures reveal that South Africa claimed the second spot, securing $459 million across 67 deals, while Egypt followed closely in third place with $297 million spread across 89 deals.

Beyond investment, Egypt continues to advance in digital infrastructure, retaining its position as Africa’s leader in fixed broadband speeds in 2024. The country also excels in internet speed, cybersecurity, and overall technological development. Experts further emphasize Egypt’s expanding digital capabilities and enhanced internet accessibility.

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