US looks to Egypt investment

BUSINESS

|
Image: By Egypt ICT Ministry
US looks to Egypt investment

A US trade delegation is in Egypt to investigate ICT cooperation and investment opportunities.

Egypt’s Minister of Communications and Information Technology, Hany Mahmoud, this week met the delegation, which includes US government leaders and is chaired by the Acting Deputy Under Secretary for International Trade, Ken Hyatt, the US Coordinator for International Communications and Information Policy and US Deputy Assistant Secretary of State, Economic and Business Bureau, Communications and Information Policy, Ambassador Philip L. Verveer.

The delegation is described as the largest in the history of US trade missions to Egypt, comprising 31 businessmen representing 12 companies, as well as government officials.

The Ministry says the meeting looked at ways to create a better climate for  foreign investment, expansion of the outsourcing industry, and cooperation in providing innovative applications and solutions.

The talks are aimed at supporting and strengthening the links between the two countries in trade, investment and creating new jobs, as well as supporting the Egyptian companies, especially small and medium enterprises.



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE BUSINESS NEWS

Networks Unlimited opens head office for Africa in Mauritius

Networks Unlimited has opened a head office servicing its African business in Mauritius. Read More

Orange completes Tigo acquisition in DRC

Less than three months after signing an agreement with Millicom, Orange has completed the acquisition of 100% of the mobile operator Tigo in the Democratic Republic of the Congo (DRC). Read More

New cloud platform offers SMEs greater convenience

MTN Business has unveiled a new cloud delivery platform in Rwanda and Cameroon, which will enable SMEs to access cloud services with greater ease. Read More

Travelport appoints new regional manager for East African headquarters

Nita Nagi, formerly of Kenya Airways, has been named as the new lead for Kenya, Uganda, Rwanda and Burundi. Read More

Orange completes the acquisition of the Liberian mobile operator Cellcom

Liberia will now become the 20th country in Africa and the Middle East to join the Orange group with the acquisition by Orange of Cellcom, Liberia’s leading mobile operator. Read More

Orange invests in African e-commerce leader Africa Internet Group

Orange has announced the acquisition of a 75 million-euro equity interest in Africa Internet Group. Read More

HR departments need to keep pace with technology’s accelerating speed

The world of human resources (HR) is changing at a speed that is leaving most HR departments behind. New technology is bringing more transparency into the job market and into the performance of the HR department, creating new challenges for HR directors. Read More

Survey provides glimpse into the world of young entrepreneurs in Africa

The Anzisha Prize, the premier award for Africa’s best young entrepreneurs, published the Anzisha Youth Entrepreneurship Survey 2016 this month, which provides a snapshot of the realities facing young entrepreneurs in Africa. Read More

Vodacom Business Nigeria appoints indigenous CEO

Vodacom Business, Nigeria’s leading total telecommunications provider has completely Nigerianised its operation with the appointment of Mr. Lanre Kolade as its Managing Director.  Read More

Konga.com appoints new CEO

Nigeria’s largest online mall company, Konga Online Shopping Limited, has announced the appointment of Mr. Shola Adekoya as its new Chief Executive Officer (CEO). Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor Networks
Advertisement

FEATURED STORY

Criticism over Remita borne out of ignorance, says SystemSpecsCriticism over Remita borne out of ignorance, says SystemSpecs

The CEO of SystemSpecs, the company behind the revenue-saving Nigerian Single Treasury Account (TSA) system, speaks to Biztechafrica.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.