As a follow up to the RiseUp Summit that has took place at the Greek Campus of the American University in Cairo, some speakers and guests have agreed to share their insights with The Insider MIU.
Mr. David Damberger, who’s among the party in the World bank high board and co-founder of Ethical Ocean, believes that the power-related problem in Egypt is a result of the increase in the population moving away from the electric grid as well as the loads of unconsumed lands, not provided with electricity, which is as due to the fact that most Egyptians are clustering in very limited areas. And this is a very important aspect of Ethical Ocean which serves as an online ethical marketplace aiming to increase the awareness and consumption of ethical products and services in North America.
Mr. Damberger also sees that solar home system that he introduced, won’t work in Egypt; however, the business financial module for assets could work, due to the number of energetic and hardworking Egyptian entrepreneurs present now.
Mr. David Kim, CEO and founder of GRIDWIZ, who came all the way from Korea, told Insider MIU that to the market status in Egypt is bit different from the Korean market, where he saw huge opportunities and chances here, yet couldn’t find the reason behind the significant difference between both Egyptian and Korean environment. GRIDWIZ is an energy company that provides the most efficient, most economical, safe and sustainable energy services for the users. Mr. Kim continued to explain that we need to find those reasons first in order to reach the solutions for such gap; thereafter, morphing that gap into value and eventually into Money. Finally, Kim has also conveyed his enjoyment with the full experience and all what Egypt has to offer from Cuisines and Nile Cruises, and in his words “Old but very joyful high technology”.