MICROSOFT TO INVEST USD1 BILLION IN EGYPT, MOROCCO AND MOZAMBIQUE
A USD1 billion package of investments may soon be injected by Microsoft into the information technology (IT) sectors of three African countries, Egypt, Morocco and Mozambique. The initiative is a fall-out of Microsoft chairman, Bill Gates’ visit to Egypt, which began last Saturday.
Highlights of the initiative, according to Egypt’s Communication Minister, Ahmed Nazif include a focus "on efforts of development through creating awareness on the importance of technology in these societies." The agreement with the Microsoft chief, he said, was concluded at Davos Economic Forum late last year.
For the first time, Microsoft is holding its regional meeting in Egypt in acknowledgement of the giant strides the country has made in the usage of IT as an instrument of developmental activities.