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Egypt
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Egypt courts UAE for US$400M funding to buy Ukrainian wheat
EGYPT – Egypt, one of the world’s biggest wheat importers, is in talks with the UAE for US$400 million in financing to help it purchase…
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Egypt allocates US$4.1 billion for food subsidies in 2023/24
EGYPT – In Egypt, the executive has decided to allocate 128 billion pounds (US$4.1 billion) to cover food subsidies in the 2023/2024 fiscal year which…
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Egypt to build US$49M warehouse facility to boost food storage capacity in Suez
EGYPT – Egyptian Minister of Internal Trade and Supply Ali El Moselhy has laid the foundation stone for a national project to establish a US$49…
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Egyptian snacks giant Edita Food enters the frozen bakery segment by acquiring Fancy Foods for US$12M
EGYPT – Edita Food Industries (EFI), a leading Egyptian snack food producer, has entered the frozen bakery segment by the acquisition of Fancy Foods S.A.E.,…
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Foreign currency crunch hits Egypt’s economy creeping payments for wheat imports
EGYPT – Egypt has deferred payments for its large wheat purchases, a move aimed to relieve financial pressures as the country grapples with a shortage…