Egypt is planning to import 7 mn tonnes of wheat during FY2017-18, with 6 mn directed towards actual consumption and the remaining 1 mn used for strategic reserves, Supply Minister Ali El Moselhy said, according to Ahram Gate. That’s broadly in line with previous ministry projections. Meanwhile, the General Authority for Supply Commodities is planning to rely more heavily on the private sector for wheat transport, scaling back its use of public transport options to 30% from 50%, Al Masry Al Youm reports.
More from Enterprise
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail…
Retail investors now have direct access to five EFG Hermes mutual funds
The move is the latest step in EFG Hermes’ push…
Under-construction data centers tap ratings to fund AI buildup
Developers are securing investment-grade ratings to unlock new pools of…
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA…