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CIT Chamber plans to qualify companies to trade on EGX - Daily News Egypt

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CIT Chamber plans to qualify companies to trade on EGX

The Chamber of Information Technology and Communications (CIT) is currently cooperating with the Nile Stock Exchange to qualify Egyptian companies to trade on the Egyptian Exchange, said Tamer Mohamed, general manager of the chamber, which is part of the Federation of Egyptian Industries. He pointed out, during the “Watan Rakamy” (Digital Homeland) conference, which was …


The Chamber of Information Technology and Communications (CIT) is currently cooperating with the Nile Stock Exchange to qualify Egyptian companies to trade on the Egyptian Exchange, said Tamer Mohamed, general manager of the chamber, which is part of the Federation of Egyptian Industries.

He pointed out, during the “Watan Rakamy” (Digital Homeland) conference, which was held over the past two days, that the rehabilitation and financing of companies is a large part of the transformation plan for the digital community.

He added that the chamber is discussing with the Information Technology Industry Development Agency (ITIDA) to qualify 50 small and medium enterprises for the Central Bank of Egypt (CBE) initiative.

Meanwhile, the CIT Chamber expects technology exports to reach $10bn in five years, up from $3.5bn in 2017.

Walid Gad, chairperson of the chamber, also attended the conference’s fifth round this year, which also included participation of 75 companies and government representatives from the UAE, Lebanon, and Sudan.

He said that the aim of the conference was to raise the standard of living of citizens and provide modern technological services in all governorates of Egypt.

Gad pointed out that Kenya should be a model in the application of technological services and their spread across governorates.

He also said the Watan Rakamy conference plays a role in increasing knowledge of modern technology for an integrated digital society.

Gad revealed that the chamber carried out a series of training courses for member companies in the field of cloud computing for about 60 companies, of which 40 have succeeded in providing services to clients in the local and foreign markets.

He added that the chamber will focus this year on blockchain technology, the Internet of Things, and increasing the knowledge of member companies.

Gad explained that the role of the chamber is currently working to help member companies to grow to obtain additional work through bilateral meetings between companies and other agencies and companies that need their services.

He expected exports of IT products to rise from $3.5bn to $10bn over the next five years, supported by the chamber’s export programme.

Topics: CIT Chamber EGX

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https://www.dailynewsegypt.com/2018/03/07/cit-chamber-plans-qualify-companies-trade-egx/
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