This decline in revenue reflects a broader slowdown in consumer demand and possibly increased competition in Egypt’s food processing sector.
Algeria is the second-largest importer of food in Africa after Egypt, and its dependence has deepened amid years of drought that have crippled agricultural productivity.
Rice shortfall in Nigeria has left the country reliant on imports valued at nearly US$2 billion annually.
For baking and snack producers, this presents opportunities to tap into new markets across MENA, South Asia, and Africa, leveraging Dubai’s position as a trade and innovation nexus.
With domestic needs fully met, Zimbabwe is now seeking export opportunities within the region, particularly in neighboring countries.