Egypt is turning into Africa’s top tech hub, report – Egypttoday

Egypt is turning into Africa’s top tech hub, report – Egypttoday

CAIRO - 4 February 2020: Egypt has been named as Africa's first technology hub during the year 2019, according to Disrupt Africa's Tech Startups Funding Report 2019.. The current boosting represents 159 percent growth on the 34 startups that secured investment in 2018, according to the report.. In 2018, those 34 Egyptian startups received funds estimated at $90 million to top countries such as South Africa, and have 17.4 percent of Africa's overall total funds.. The report hailed the Egyptian startups' performance as "impressive", pointing out that Egypt is on the way to be a powerful tech hub in North Africa.. During the past years, markets of South Africa, Nigeria, and Kenya had the biggest share of funds Egypt has rapidly jumped to the top, said the report..