The number of mobile internet users in Egypt grew 12.8% in 1Q2022 to some 64.6 mn users, according to a CIT Ministry report (pdf). ADSL subscribers rose 11.6% y-o-y during the January-March period to 10.3 mn subscribers. Mobile subscribers in Egypt dropped some 5.7% y-o-y to 94.1 mn subscribers, read the report, which attributed the drop to a switch in methodology to only count active lines rather than all registered lines.

Other things we’re keeping an eye on this morning:

• HSBC Egypt is now offering low-interest personal green loans that can be used to purchase electric vehicles and household solar panels. (Statement, pdf)
• The El Gouna Film Festival, which was scheduled for October, has been postponed until next year, with the festival’s organizing committee citing “current global challenges.” (Statement)
• Cairo-based furniture e-commerce startup Beyooot has launched its platform in Egypt. The company is targeting customers in Saudi Arabia and the UAE and plans to expand to other GCC countries by the end of the year. (Statement, pdf)
• The Tourism and Antiquities Ministry will offer a 50% discount on tickets for Egyptians and foreign tourists visiting archeological sites and museums in Upper Egypt until the end of August. (Statement)