Palm Hills allocates EGP 30 m for backing Egyptian athletes
Palm Hills, Egypt’s leading real estate developer, allocated EGP 30 million for supporting Egyptian athletes under ...
Vodafone Egypt to be 100 % solar-powered firm by 2025 .. spends over EGP 500 m on CSR activities
Vodafone Egypt will be 100 percent dependent on solar energy by 2025 as it plans to set up a solar power station at over 500 million pounds, the company’s head of external affairs department said.
In press statements, Ayman Essam said the company will be the first to operate its power station instead of just consuming energy.
Meanwhile, he noted that the company – through its arm Vodafone Foundation – invested more than 500 million pounds in development projects in partnership with non-governmental organizations.
He noted that the company has won a bid for mechanizing the all-out health insurance service which is one of the most important projects the state seeks to accomplish.
He added that the company’s Vodafone Cash service has been engaged in partnerships with the ministries and authorities concerned, including the Ministry of Social Solidarity and Nasser Social Bank, to facilitate e-payment of pensions, bills and other services.
The company plans to inject additional EGP 5 billion investments into Egypt until next March to develop its network, Essam said, noting that the company invested over 45 billion since its establishment in Egypt.
He added that the company pumped more than 9 billion pounds over the past two years into infrastructure development in addition to 335 million dollars investments into 4G service.
He added that the company has piloted 5G service in Egypt and is planning to launch it in 2020.
He noted that the company’s subscribers reached 40 million.
He expounded that the company’s three-pronged strategy in Egypt is meant to realize transformation to a digital society; access to the digital economy and financial inclusion, and the use of Internet of Things technology.
He added that Vodafone’s strategy aims to support the Egyptian government in the process of digital transformation through the adoption of the latest technology.
Essam added that Egypt has become an attractive country for investments in infrastructure and digital transformation.
Thanks to the economic reform measures adopted by the Egyptian government in the past period, Egypt ranked as the world’s third fastest-growing economy, he said, noting that this has encouraged foreign investors to do business in Egypt.
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