Egypt is poised to turn into Africa's hottest tech scene

With a population nearing 100 million, the most populated city in Africa, and a host of problems ranging from poor education to snarled traffic, Egypt has become a powerful incubator for startups and technology companies in the Middle East and Africa.

Over the last several years, the country has been home to a half dozen transportation startups competing with Uber as well as any number of startups in the financial technology, education, e-commerce, and logistics fields.

Approximately 60% of Egypt's population is under the age of 30 and internet penetration is skyrocketing past 40%.