Data from the Ministry of Communications and Information Technology revealed a decline in the number of new telecommunications and information technology companies established in Egypt during February 2026, reaching 254 companies. This is a drop from 352 companies in February 2025, marking an annual decrease of 98 companies. The Ministry, in its regular sector indicators report, also clarified that the number of new companies decreased compared to January 2026, which saw 324 companies established. This represents a monthly decline of 70 companies, or 21.6%. Furthermore, the total capital for new companies in the telecommunications and information technology sector reached approximately 132.22 million Egyptian Pounds (EGP) in February 2026, down from 284.86 million EGP in the same month last year. This is an annual decrease of over 152 million EGP. In comparison, the registered capital in January was about 255.65 million EGP.
Related editorial
MIS Teams Up with Saudi Fransi Capital to Power Up Saudi Arabia's Data Centers
MIS (Al Moammar Information Systems) and Saudi Fransi Capital are joining forces to explore building three major new data centers in Riyadh, Dammam, and Jeddah. MIS will handle the development, design, and management of these facilities, which aim to add a significant 48 megawatts of capacity to Saudi Arabia's digital infrastructure, supporting the nation's digital transformation goals.
Corner, the Gen Z Social Map, Secures $7.5M to Power AI-Driven Discovery
Corner, a social mapping app popular with Gen Z, has successfully raised its total funding to $7.5 million. The company is leveraging this investment to enhance its platform, particularly by integrating artificial intelligence into its search engine. This allows Corner to provide personalized recommendations based on user reviews and in-app content, moving beyond traditional map services to offer a more tailored discovery experience.
NTI and Huawei Partner to Train Egyptian Talent in Key Digital Technologies
The National Telecommunication Institute (NTI) and Huawei are teaming up to offer exciting new training programs! These courses cover essential digital skills like AI, Big Data, network infrastructure, cloud computing, cybersecurity, and 5G, helping young Egyptians get ready for the jobs of tomorrow.
iSchool Boosts Endeavor Saudi Arabia's AI Readiness with Specialized Training
iSchool recently partnered with Endeavor Saudi Arabia to deliver a three-day practical training program. This initiative focused on equipping Endeavor's team with essential AI skills, covering specialized topics like prompt engineering, integrating AI into digital product development, and leveraging AI for marketing and media strategies.