The Agriculture Ministry looks set to acquiesce to the demands of countries banning imports of Egypt’s agriculture goods by setting up a “white list” and a “black list” of exporters, government sources tell Al Mal. Egypt’s ports will also be adopting stricter monitoring measures that will include banning exports by any company flagged for sending poor quality goods. Seaports and airports will require exporters to submit reports on the quality of their products, focusing on things such as pesticide content, and land quality and fertility. As we noted yesterday, agriculture export revenues for this current export season are expected to fall y-o-y to USD 2.1 bn from USD 2.2 bn.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…