Egypt is poised to turn into Africa’s hottest tech scene, but 2 industry veterans say the country is up against 2 major challenges

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  • Thanks to a massive, young, internet-connected population and a host of long-stagnant problems, Egypt has become a hot spot for tech innovation in the Middle East and Africa.
  • Two veterans of Egypt’s tech scene told me that despite the large crop of startups in the country, the industry faces two major challenges: “brain drain” of its best talent and onerous government bureaucracy.
  • Because the Egyptian pound trades at close to 18-to-$1, it is nearly impossible for Egypt’s companies to compete with tech companies in other countries for their own talent.
  • It is so read more >>>

    Source : BusinessInsider.Com

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