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IBM announced at COP27 Egypt’s Environment Without Borders Foundation (EWBF) among the new members of its global pro bono social impact program, the IBM Sustainability Accelerator, after reviewing over 100 global applications and projects.

Egypt is an excellent place to start a tech business. You might think it's all about the pyramids, but there are plenty of other reasons you should consider setting up a business in Egypt. Here are six key reasons why:

President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Abdel Fattah El Sisi of Egypt witnessed the signing of an agreement between Masdar, one of the world’s fastest-growing renewable energy companies, along with its Infinity Power joint venture with Infinity, Egypt’s main renewable energy developer

Following an on-the-ground review of COP27 preparations in Sharm El Sheikh, Egypt, H.E. Sameh Shoukry, Egyptian Minister of Foreign Affairs and COP27 President-Designate, stated that Egypt is "ready" to host world leaders, delegates, and climate stakeholders under the banner of "Together for Implementation."

Ahmed Samir, Egypt's minister of trade and industry, met with several significant foreign firms engaged in e-marketing, communications, and information technology investments in the Egyptian market.

MCS, a value-added distributor of security solutions and services, announced the signing of a memorandum of understanding (MOU) with the United Nations Development Program (UNDP) in Egypt, in order to establish joint cooperation between the two parties in developing human skills to cope with the accelerated job requirements of the modern labor market and contribute constructively to raising skills and awareness about the country's efforts to move forward to digitization.

Kenzz, the mass e-commerce solution bringing trustworthy online shopping to the masses in Egypt and the Middle East, has announced the completion of a US$3.5 million seed fundraiser.

Tabby, the Middle East's leading payments and shopping app, and Paymob, the leading omni-channel payments facilitator in MENAP, have announced a partnership to fuel growth for Egyptian retailers by allowing businesses across Paymob's network to benefit from Tabby's split-in-four, interest-free payment solution via Paymob's gateway. Tabby and Paymob work together to provide a seamless Buy Now Pay Later solution for both in-store and online retailers.

The agreement was signed by Tamer El-Gamal, General Manager of HMD in Egypt, and Ahmed Abu Ouf, Managing Director of EAI. Amr Talaat, Minister of Communications and Information Technology, witnessed the signing of a cooperation agreement to produce one million mobile devices of various models, whether feature phones or smartphones, this year.

Egypt's startup BONBELL, the first mobile App in the Food-tech industry specialized in food ordering, digital solutions for table and meal reservations, has raised $350,000 from a Canadian Angel investor to help further develop the App services and achieve a level of growth in terms of user count and daily orders.