Egypt is making strides in technological self-reliance with the opening of its first mobile phone tower manufacturing facility by the Arab Organisation for Industrialisation (AOI). Situated within the Aircraft Factory, this new center represents a significant leap in localizing technology and reducing reliance on imports. Already, the facility has achieved a 100% local manufacturing rate for mobile phone towers, fulfilling orders for Etisalat Misr and setting the stage for expanded production and potential export opportunities across Africa and the Arab world.
Tag: Egypt
Africa’s Clean Energy Surge: A Beacon of Hope in Declining Foreign Investments
Despite a slight decline in overall foreign investment flows to Africa in 2023, the continent’s clean energy sector has seen a remarkable surge, attracting significant global interest. Noteworthy investments include a $34 billion green hydrogen project in Mauritania and over $10 billion for wind and solar projects in Egypt, South Africa, and Zimbabwe. These developments highlight Africa’s growing commitment to sustainability and its potential to lead in renewable energy, driving economic growth and environmental progress.