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Egypt’s Investment in Technology Goes Up: Reckoned as One Among Top Five Technology-Savvy Countries in Continent

February 25, 2025

(3 Minutes Read)

Nigeria led the continent in technology investments, securing USD520 million across 103 deals. South Africa followed in second place with USD 459 million from 67 deals. Kenya came in fourth with USD 221 million from 59 deals, while Ghana rounded out the top five with USD 102 million across 17 deals.

Egypt continues to strengthen its focus on technology investment and digital transformation, ranking among the top five African nations investing in technology in 2024, according to the Information and Decision Support Center (IDSC) of the Egyptian Cabinet.

This reflects the country’s commitment to enhancing its digital infrastructure and improving the quality of digital life. According to IDSC, Egypt ranked third, with USD 297 million invested across 89 deals, highlighting its growing role in Africa’s tech landscape.

Nigeria led the continent in technology investments, securing USD 520 million across 103 deals. South Africa followed in second place with USD 459 million from 67 deals. Kenya came in fourth with USD 221 million from 59 deals, while Ghana rounded out the top five with USD 102 million across 17 deals.

Beyond investment, Egypt has also made significant progress in the Digital Quality of Life Index 2024, which assesses key factors such as internet speed, cybersecurity, digital infrastructure, and technology sector development.

According to a report by Business Africa, based on data from the Surfshark Cybersecurity Company, the ranking reflects both the quality and accessibility of internet services in African nations. One of Egypt’s standout achievements has been maintaining its position as Africa’s leader in fixed broadband internet speed in 2024, according to the Speedtest Global Index.

The IDSC emphasised that Egypt’s strong performance in digital quality of life rankings highlights the crucial role of digital investments.