Egypt aims to boost artificial intelligence share in GDP by 7.7% in 2030

Egypt’s Cabinet issued a new report on Sunday on the development of the country’s fintech, aiming to increase artificial intelligence share of the national GDP to 7.7 percent by 2030.

According to the report, the number of fintech firms operating in Egypt jumped in the past few years to reach 84 as of July 2020

These firms’ activities vary between payment, borrowing, insurance technology (insurtech), financial management, and organizational technology, the report added.