Egypt seeks 50% internet penetration by end-2016: Minister

CAIRO: Egypt is looking to add 500,000 new internet users by the end of 2015 and increase its internet penetration rate to 50% from 34% by the end of 2016, communication minister Khaled Ali Negm said. The communication and information technology ministry mandated reduced prices at the start of August as part of its plan to expand internet access across Egypt and improve speeds. “Every 10% increase in internet penetration increases Egypt’s gross domestic product by 1.8%,” the minister told Reuters in an interview. The ministry hopes to add 1.5…

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