The Empower Africa Business Platform is Now Live !!!
Egypt’s Minister of Communications and Information Technology, Amr Talaat, has inaugurated the Deloitte Innovation Hub, a new venture established with an investment of $30 million over three years.
As Deloitte’s first center dedicated to exporting digital services from Egypt, the hub aims to broaden the company’s global footprint in digital services.
The Deloitte Innovation Hub will offer services to clients in Europe and the wider region, focusing on artificial intelligence, data analysis, cloud technology, cybersecurity, and enterprise resource planning.
Deloitte envisions the hub supporting 5,000 jobs in the coming years, diversifying its service offerings and expanding its impact across various business sectors.
Hani Girgis, leader of the Innovation Hub, emphasized that the hub is designed to foster local talent, bring value to Egyptian society, and support clients across Europe and the Middle East.
Minister Talaat echoed this sentiment, highlighting Egypt’s appeal as a strategic location for IT and digital innovation, driven by its skilled young workforce and the government’s commitment to job creation and digital exports.
The Egyptian government has set ambitious goals.
Digital exports reached $6.2 billion in 2023, marking a 26% increase from $4.9 billion in 2022.
The government aims to create high-value jobs for youth and build a knowledge-based economy. It plans to train more youth in digital skills, freelancing, and outsourcing to achieve $3.7 billion in digital exports by 2024 and $9 billion by 2026.
Egypt has seen increasing investments from international tech companies, including Telecom Egypt and Huawei Cloud.
The latter recently announced plans to launch the first public cloud platform in Egypt and North Africa, supporting the nation’s digital transformation strategy.

Husk Power Systems, a pioneering cleantech startup operating in Africa and Asia, has successfully concluded its Series D funding round, raising $103 million.

Sahel Capital, manager of the Social Enterprise Fund for Agriculture in Africa (SEFAA), has secured a $10 million commitment from the Mastercard Foundation Africa Growth Fund, which is administered by Mennonite Economic Development Associates (MEDA) in Mauritius.

The Facility for Energy Inclusion (FEI), managed by Cygnum Capital, will provide a $5.7 million senior debt facility as the sole lender to finance Qair Group’s 5.8 MWp floating solar project in Seychelles.