Egypt
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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…
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Abu Qir Fertilizers to invest US$1.2b in setting up a new ammonia plant
EGYPT – The board of directors of Abu Qir Fertilizers and Chemicals Industries Company (ABUK) has given a go-ahead for the establishment of its subsidiary…
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Egypt secures US$ 66M from EU, AFD as grain storage expansion aid
EGYPT – Egypt has received 60 million euros ($66 million) from the European Union and French Development Agency to help in expanding its silo grain…