NEWS
Egyptian ICT Minister inaugurates Deloitte Innovation Hub in Cairo
Deloitte announced the official launch of the Deloitte Innovation Hub in Cairo , marking a significant milestone in the firm ’ s commitment to driving innovation and harnessing top-tier talent in this emerging market . The event was attended by Egypt ’ s Minister of Information , Communications and Technology , Amr Talaat , and the CEO of the
Egyptian Information Technology Industry Development Agency , ITIDA , Ahmed El Zaher .
The official delegation was received by the CEO of Deloitte North and South Europe , Richard Houston , the CEO of Deloitte Middle East , Mutasem Dajani , in addition to Deloitte Innovation Hub provider , Hani Girgis , who said , “ Our investment in the Deloitte Innovation Hub reflects our commitment to the Egyptian market and a resounding vote of confidence in its capacity to cultivate worldclass talent .
The Innovation Hub will enable us to foster and develop local talent , making an impact that matters to Egyptian people and society , as well as deliver exceptional value to our clients across different markets in Europe and the Middle East .”
This strategic investment , totalling $ 30,000,000 spent over three years , is
made by Deloitte in recognition of Egypt ’ s wealth of talent and expertise in areas such as Computer Science , Computer Engineering , Business and Information Systems , and Data Engineering .
The Deloitte Innovation Hub in Cairo stands as one of the firm ’ s pioneering delivery centres , having commenced operations in September 2023 .
Since its inception , the hub has rapidly expanded to over 350 of Egypt ’ s top talent , including fresh graduates and experienced hires , reinforcing its commitment to nurturing and empowering local talent .
The hub is poised to offer a comprehensive suite of services catering to clients across Europe and the region , encompassing Artificial Intelligence and Data Analysis , Marketing and Commerce , Cloud , Cyber , and Enterprise Resource Planning .
$ 1.3 billion , 1000 + km Ethiopia-Kenya green electricity grid adopts HVDC for transmissions
The electricity highway between Ethiopia and Kenya , officially opened in 2023 after more than 10 years of planning and construction , is redefining energy connectivity in East Africa . It is more than a piece of infrastructure , it is an economic and environmental entity , connecting not just power grids but nations and populations .
The total cost of US $ 1.26 billion was funded partly by US $ 338 million from the African Development Bank . The World Bank , the Agence française de développement , and the governments of the two countries concerned also contributed .
This vision of a shared energy future runs for 1,045 km between Wolayta-Sodo in Ethiopia and Suswa in Kenya . It enables both countries to pool resources , hydroelectricity from Ethiopia , and geothermal and wind power from Kenya . Regional Connectivity lies at the heart of the project .
Apart from its economic and social impacts , the project is a model of sustainability , allowing better integration of intermittent renewable energy sources , such as wind power and Solar , into regional networks . This infrastructure ensures that Kenya has enough green energy to support our industrial development while maintaining a small carbon footprint .
Kenya is already on the way to self-sufficiency in clean energy , with the aim of moving to 100 % renewable energy by 2030 . By connecting its grid to Ethiopia , Kenya can not only stabilise its energy supply but also attract more investment into green energies . This vision is also shared by investors , who see this infrastructure as a guarantee of energy and environmental security .
As John Mativo , Managing Director of the Kenya Electricity Transmission Company , Ketraco explains , this project is all about collaboration . “ Around 2010 , countries in East Africa , as an energy pool , decided that it was essential to have an interconnected hub so that everyone could use and exploit energy and support each other .” p
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