In recent months, Egypt has struggled with a concerning sugar crisis that has caused widespread alarm among its citizens, learn about the details here
Administrative Control Authority uncovers a corruption network in the Ministry of Supply, headed by the Advisor to the Minister and includes 8 people.
Egypt's Minister of Supply and Internal Trade Ali Moselhi urged citizens to not buy kilograms of sugar for more than EGP 27.
Egypt's Minister of Supply and Internal Trade Ali Moselhi revealed on Sunday that merchants would be given a ten-day period to regulate prices.
The local market is witnessing significant increases in the price of a kilo of sugar, with it almost disappearing from food stores.
The investment will establish a cattle farm with 20k cows with annual production capacity of 300 mn liters of milk.
Egypt's processed food industry is the third-largest exporting sector, accounting for 14% of exports, 24.5% of GDP, and employing 7 million people.
The Swiss major operates three facilities in Egypt, producing brands like Maggi, Nesquik and Nescafé.
The food producer allocated EGP 223 million towards capital expenditure in H1 2023.
Arma, Beyty, Domty, or Edita are only some of the various FMCG brands from Egypt. The focus of local FMCG products is on food and beverages.
Offering the uncovered shares for subscription is pending the Financial Regulatory Authority’s (FRA) approval.
In almost two years, Baladna has built a shareholding in Juhayna of more than 15%. Its latest purchase was 600,000 shares on 26 June.
Local snack manufacturer, Edita Food Industries acquires Fancy Foods, expanding its offering to fresh and ready-to-bake pastry products.
In spite of the unfavorable conditions, food companies have succeeded in recording significant growth rates over the past year.
The cash dividends will be paid on May 14th, with the eligibility in distribution to shareholders until May 9th’s trading session.
Indonesia remained the main destination for their supply, and exports more than doubled last year.
Coca-Cola will also invest through talabat to utilize in-app marketing tools for heightened partner visibility and traction.
At the level of the standalone financial statement, the company recorded a standalone net profit after tax of EGP 462.69 million in 2022.
Juhayna, a listed company, is the country's largest dairy products and juices producer.
The evaluation was undertaken by a panel of 198 world-class chefs and sommeliers, who carry 86 Michelin stars.