Egypt climbed six spots in Ookla’s monthly Speedtest Global Index to rank 91 out of 177 countries in fixed broadband speed. The average download speed is now 31.38 mbps. The CIT ministry had said earlier this year it isinvesting USD 1.6 bn to improve internet speed, with the aim of reaching 20 mbps by the end of 2020, and 40 mbps by the end of 2021.
More from Enterprise
The CBE is taking a tougher stance on regulation
Last summer, HSBC paid the CBE a EGP 1.4 bn…
Farmers aren’t borrowing to survive anymore — they’re investing
Medium-term loans rose more than 1k% to EGP 22.6 bn…
Futures trading to land on the EGX in March
Futures contracts will first debut on the EGX30 before eventually…
Valu gets regulatory green light to start operations in Jordan
Former Jordanian Investment Minister Mothanna Gharaibeh will serve as chairman…