Finance Ministry announces EGP 8bn disbursement for export subsidy initiative by 6 June    Egyptian, Dutch Foreign Ministers raise alarm over humanitarian crisis in Gaza    "Aten Collection": BTC Launches its Latest Gold Collection Inspired by Ancient Egypt    Egypt's PM meets with pharmaceutical representatives, pledges support for growth    Sri Lanka inflation slightly up to 2.7% in April    US Carlyle raises $2.8b in its largest Japan-focused buyout fund    European stocks slide amid Fed caution    ArcelorMittal, MHI operate pilot carbon capture unit in Belgium    China pushes chip self-sufficiency, squeezing US suppliers    India stresses on non-compliant electronics import rules    Madbouly inspects progress of Cairo Metro Line 4, Phase 1    Egypt's Health Minister monitors progress of national dialysis system automation project    Hamas accuses ICC Prosecutor of conflating victim, perpetrator roles    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Egypt's Shoukry, Greek counterpart discuss regional security, cooperation in Athens    Madinaty to host "Fly Over Madinaty" skydiving event    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Partnership between HDB, Baheya Foundation: Commitment to empowering women    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Microsoft announces new development initiatives in Egypt, Africa
Published in Almasry Alyoum on 07 - 02 - 2013

The Microsoft Corporation announced a series of new programs aimed at helping unemployed youth, young women entrepreneurs and small and medium-sized businesses in Egypt and elsewhere on the African continent.
At an event on Tuesday celebrating the company's 20th year operating in Africa, Microsoft executives said the new programs are meant to accelerate economic growth in the region. The initiative's investments could reach between US$75 million and $100 million, they estimated.
The announcement comes over a month after Microsoft renewed its licensing contract with the government, which will cement the company's involvement in the country for at least the coming decade.
On 26 December, the official Facebook page of Prime Minister Hesham Qandil announced that the Cabinet had sealed a deal with Microsoft to buy and maintain licensed software for the government worth nearly $44 million to be paid over four fiscal years.
However, activists and leaders within the Telecommunication Ministry are talking about how the government could be weaned off Microsoft software to use open-source software, which does not require expensive licensing. It could be years before the transition is complete, though, and in the interim ministry officials say the government had little choice but to renew the Microsoft contract.
The new social outreach programs will no doubt act as a further anchor for the software giant in the country. Microsoft was one of the first residents of Smart Village, a public-private business park outside Cairo which now hosts the offices of a number of multinational companies.
"We wanted to explore new ways to link the growth of our business with initiatives that accelerate growth for the continent," said Ali Faramawy, Microsoft corporate vice president for Middle East and Africa. "To do this, we are focusing on three critical areas — world-class skills, access and innovation."
The Microsoft 4Afrika Initiative would focus on the continent's underdeveloped strengths, executives said.
Youth, who account for an estimated 60 percent of Africa's total population, women entrepreneurs and new technology opportunities are all emerging forces that can help move Egypt's economy forward, Microsoft leaders said.
One arm of the initiative is “World-Class Skills,” a self-sustaining education platform with both an online and offline presence targeted at helping Africans develop skills for entrepreneurship and improve their employability and competitiveness in the job market.
Microsoft also intends to launch a portal targeted at North African women in March as an offshoot of the MasrWorks IT skills portal. It aims to empower young women to play a leadership role in their communities and introduce new models for self-employment.
“Microsoft saw an opportunity to help these women through economic empowerment as they work to realize gender equality, improve social conditions and attain and maintain political rights," said Khaled Abdel Kader, the general manager for Microsoft Egypt.
The portal aims to reach 25,000 Egyptian women in the first year, with the goal of helping 40 percent of those women improve their economic and social position.
Small and medium-sized businesses will also be targeted in the corporations' outreach plan.
Microsoft announced a new online hub through which African SMEs will have access to free, relevant products and services from Microsoft and other partners. The hub will aggregate the available services which can help them expand their business locally, and help them find new business opportunities outside their immediate area.
The plan will also encourage mobile application developers, which executives said has huge market potential for in Egypt and Africa at large.
To encourage mobile application development, the company set up two AppFactories offices in South Africa and Egypt. At full capacity, the offices would be staffed by 30 paid interns, and would act as an incubator for new ideas, executives said.


Clic here to read the story from its source.